Mintos has launched a functionality that allows investors to donate through the European lending marketplace to help the people of Ukraine and refugees from the war.
The platform has said the majority of its portfolio is not impacted by the war.
Mintos said that its exposure to Ukraine is less than 0.5 per cent of its total outstanding portfolio, and loans from Russia represent less than 15 per cent, while the largest part of the outstanding portfolio on the platform (85 per cent) is performing without any problems.
“On 24 February, our world was turned upside down when Russia invaded Ukraine,” Mintos said in a blog on its website.
“As the country is ravaged by war, many of you have been vocal about wanting to donate through Mintos to help the people in Ukraine and refugees. We heard you, and we’ve launched functionality that will allow you to do this.
“Mintos is a regulated entity with a contingency plan and sizable cash reserves which allow us to plan and adjust our business according to the development of any situation…We will continue to monitor new developments and will inform you on our blog about any direct impacts on investors and Mintos.”
Mintos funded 550,000 loans worth €103.7m (£86.19m) in February and its lenders earned over €2.9m in interest at an average rate of 9.49 per cent.
Spain, the Russian Federation and Kazakhstan were the three largest markets for investments in loans.
Mintos said that it saw healthy levels of investment on the platform in February, with the average interest rate for loans in euros on the primary market rising by 0.6 per cent to reach 9.4 per cent.