Mintos review with investment updates

 

Mintos

  • +13.75% in return
  • My favorite P2P lending platform
  • More than 115.000 investors 

My complete Mintos review 2019

This is actually my fifteenth Mintos review and investment update. I update every single month to make sure the content is fresh. Read more about how I use the buyback guarantee and an auto invest setup on the platform to minimize risks. Let’s dive into it!

 

Below is my return on investment…

2018

My return on investment:
+13,75%

  • January: Started tracking
  • February: +1,70%
  • March: +1,10%
  • April: +1,07%
  • May: +1,30%
  • June: +1,46%
  • July: +1,30%
  • August: +1,20%
  • September: +1,17%
  • October: +1,13%
  • November: +1,16%
  • December: +1,16%

2019

My return on investment:
+3,85%

  • January: +0,93%
  • February: +1,01%
  • March: +0,89%
  • April: +1,02%


Expected return on investment:

+13,00%

 
 

Mintos statistics 2018

What kind of returns can I expect?

In 2018 I got a return of 13.75%. It is very satisfying.

My returns have been very stable without large fluctuations. Furthermore, none of my loans have defaulted so far.

The average annual return on the platform is 11.6%. 

If you use the Mintos promo code in the top you will also get 1% extra within the first 90 days from your registration 😎

 

💡 New to P2P lending? Learn more here

Fresh details from my current portfolio at Mintos

Mintos interest rate

Mintos Loan Originator


As you can see, most of my loans have an interest rate of around 12-13% and I have a good spread of loan types and slightly more short-term loans.

I had a bit too many loans from Capital Service than I want, so, therefore, I adjusted my future auto investments. They appear further down this page but now the diversification is fine.

 

My loans that are late

Loans that have defaulted since October 2017: 0% 😎

2019JanFebMarApr
1-15 Days Late11,4%11,2%10,6%10,3%
16-30 Days Late7,3%8,5%4,7%5,7%
31-60 Days Late7,3%6,0%7,1%4,8%
60+ Days Late0%0%0%0,25%
Default0%0%0%0%
Bad Debt0%0%0%0%

2018JanFebMarApr
1-15 Days Late8,1%12,0%8,9%
16-30 Days Late3,3%1,8%4,3%
31-60 Days Late1,9%0,8%6,4%
60+ Days Late0%0%0%0%
Default0%0%0%0%
Bad Debt0%0%0%0%
2018MayJunJulAug
1-15 Days Late7,5%9,1%9,5%7,2%
16-30 Days Late3,4%5,6%4,6%5,0%
31-60 Days Late4,2%2,5%4,2%3,8%
60+ Days Late0%0%0%0%
Default0%0%0%0%
Bad Debt0%0%0%0%
 
2018SepOctNovDec
1-15 Days Late10,9%10,0%10,5%11,6%
16-30 Days Late5,5%6,6%6,2%6,9%
31-60 Days Late3,3%4,1%3,7%4,9%
60+ Days Late0%0%0%0%
Default0%0%0%0%
Bad Debt0%0%0%0%

Comments on the progress

I had another very positive month at Mintos with +1,02% in returns. It equals 12.24% in annual returns. It’s a little less than I expected.

Fewer loans are late and it’s certainly at a reasonable level. I still didn’t experience a loan to default for almost 2 years now! 😎

However for the first time ever, I have 2 small loans that are more than 60+ days late. It is with the Spanish loan provider Dinero, which is a newer platform at Mintos.  Let’s see if they default.

 

I’m very pleased with the platform because it has a lot of good loans and performs really well.  

At the moment my Mintos investment is 32% of my investment portfolio

It’s still too much in terms of diversification even the platform is performing so good.

 

New loan originators at Mintos


This month Mintos welcomed one new loan originator called Akulaku.

Akulaku is from South East Asia. They offer short-term Indonesia-issued loans in EUR and earn net annual returns of up to 10%. All loans are with 100% buyback guarantees.

Furthermore, the company will also keep 10% of each loan it places on the marketplace on its balance sheet to maintain its skin in the game.

 

1% extra with the Mintos promo code

How to use Mintos and my personal strategy to get a high return

How safe is Mintos?

Mintos is a very trusted and popular European P2P lending platform. 

They are the winner of the AltFI “People Choice” award in 2016, 2017 and 2018. 


Furthermore, are the possibilities for diversification are really good.

Basically, you lend out your money and receive interest ongoing. You can do this with more than 60 loan originators!

I think it’s one of the best places to invest in P2P lending.

 

Transfer money to Mintos is easy (How to deposit)

I always transfer money in EUR to my account with Transferwise.

You can lower the cost and get the real exchange rate. Transferwise has no hidden fees like the banks. They only take between 0.35% to 2% for converting currencies.

As a result, I use it every time and it goes pretty fast (normally within 24 hours).

 

Personally, I choose to transfer money in EUR because then I have the most loans to invest in.


Other options to transfer money


You can also use Trustly (a payment provider). It’s free to use with no registration required.

Trustly is a very fast and secure way to transfer funds to Mintos within Europe.

You can of course also transfer money via your bank (SEPA transfer) within the platform.

 

8 facts about Mintos

  1. Mintos is the market leader for continental Europe with a 38% market share (AltFI Data, 2018).
  2. They started the marketplace in 2015.
  3. The company is located mainly in Latvia, Europe.
  4. Has three offices employing 62+ people in Riga, Warsaw and Mexico City. They plan to also open offices in Russia, South East Asia, and Brazil.
  5. In 2017 the company had a revenue of 2.1 million EUR and a net profit of 196.000 EUR.
  6. They exceeded 1044.4 million EUR in investments by investors in 2018.
  7. More than 60+ loan originators on the platform.
  8. 115.000+ investors from 74 different countries have joined the marketplace. Very impressive.

 

Just look here


Okay. Let’s dive more into this Mintos review…

The platform has a very professional and have an easy to understand interface. It’s also mobile friendly. 

You can quickly get an overview with the detailed statistics on the platform.


The marketplace managed to reach EUR 1.5 billion in total loans just in 4 years. It’s a very impressive number in a very short operating time.

More than 3.5 million loans have been funded in 24 countries through the online marketplace.


The platform is started by the CEO Martins Sulte and CFO Martins Valters. It’s a very successful and healthy company with a global vision.

Here are more relevant statistics
showing the positive development of their P2P lending platform.

My personal auto invest setup

Inside the Mintos platform I have four auto invest setups which are in priority order:

(Sometimes I changed the priority order to diversify loan types)

 

1. Short to long-term (Approx 50% of my Mintos investment)

I have removed Capital Service from this as it represents a larger share of my portfolio than I wish. Later on, it will be added again.

  • Currency: EUR
  • Market: Primary
  • From 12% annually
  • 4m. to 72m. loan term
  • Rating: A to C+
  • Loan type: Personal, Short-term, Car and Mortgage
  • Loans from Bulgaria, Czech Republic, Denmark, Estonia, Finland, Latvia, Lithuania, Poland, Romania, Russian Federation, Spain, Sweden, and Ukraine.
  • Investment in one loan between 10-20 EUR
  • Reinvest: Yes
  • Include loans already invested in: Yes
  • Diversify across loan originators: No
    (Consider “Yes” if you have just begun)
  • Buyback Guarantee: Yes
  • No business loan, invoice financing, pawnbroking loan or agricultural loan
  • I use all loan originators that suit these criteria (30/54)

 

2. Short-term (5% of my Mintos investment)

 

  • Currency: EUR
  • Market: Primary
  • From 13% annually
  • 0m. to 4m. loan term
  • Rating: A to C-
  • Loan type: Short-term only
  • Loans from Bulgaria, Czech Republic, Denmark, Estonia, Finland, Latvia, Lithuania, Poland, Romania, Russian Federation, Spain, Sweden, and Ukraine.
  • Investment in one loan between 10-30 EUR
  • Reinvest: Yes
  • Include loans already invested in: Yes
  • Diversify across loan originators: No
    (Consider “Yes” if you have just begun
    )
  • Buyback Guarantee: Yes
  • I use all loan originators that suit these criteria (20/54)

 

3. Mid-term (Approx 40% of my Mintos investment)

  • Currency: EUR
  • Market: Primary
  • From 10,5% annually
  • 4m. to 20m. loan term
  • Rating: A to B-
  • Loan type: Personal, Short term, Car and Mortgage  loans
  • Loans from Albania, Bulgaria, Czech Republic, Denmark, Estonia, Finland, Georgia, Latvia, Lithuania, Moldova, Poland, Romania, Russian Federation, Spain, Sweden, and Ukraine.
  • Investment in one loan between 10-20 EUR
  • Reinvest: Yes
  • Include loans already invested in: Yes
  • Diversify across loan originators: No
    (Consider “Yes” when you just started)
  • Buyback Guarantee: Yes
  • I use all loan originators that suit these criteria (28/54)

 

4. Short to long-term (Less than 5% of my Mintos investment)

  • Currency: EUR
  • Market: Primary
  • From 10,5% annually
  • 0m. to 64m. loan term
  • Rating: A to C-
  • Loan type: Business, Personal, Short term, Car and Mortgage  loans
  • Loans from Albania, Bulgaria, Colombia, Czech Republic, Denmark, Estonia, FYR of Macedonia, Finland, Georgia, Latvia, Lithuania, Moldova, Poland, Romania, Russian Federation, Spain, Sweden, and Ukraine.
  • Investment in one loan between 10-20 EUR
  • Reinvest: Yes
  • Include loans already invested in: Yes
  • Diversify across loan originators: Yes
  • Buyback Guarantee: Yes
  • I use all loan originators that suit these criteria (39/54)

 

The sign-up process

You just need to provide basic information about yourself and scan your ID card (passport) with your webcam or phone. Remember the Mintos promo code.

To use this platform you must be 18 years old and you can invest from most of the world.


I have experienced more people outside the EU who have started investing at Mintos. Eg. from US, Japan, South Africa, Mexico,  Australia, and Russia.

 

Secure your investment with two-factor authentication


It’s possible for you to add an additional security layer to your account.

You can enable two-factor authentication so you must enter verification code from your mobile after you enter your normal login data.

This is to protect your investment account from unauthorized access. If someone compromises your password, the two-factor will ensure that they do not have access.

It’s free to use.

 

The P2P lending investment


You can invest with the minimum amount of EUR 10. 

When the money is in the Mintos account you can start investing in loans immediately. 

Mintos sends no information about the investment to any Tax Agency or deducts any taxes.

You must certainly do it yourself in your country.

 

APR  (annual percent rate) feature


You can see the annual percent rate (APR) for each loan with the new APR feature. An APR is the annualized effective cost charged to borrowers.

This rate represents the annual cost of funds over the term of the loan and is expressed as a percentage.

 

P2P loans on the platform


There are really many different types of loans on the platform.

All loans have detailed information such as loan amount, interest rate, term, country of issuance, and borrower details – gender, age and number of loans taken.

The interest rate offered is great and it’s around +10-13%.


The availability of loans is very good
You can invest in 11 currencies on the platform. However, I prefer the Euro as there are most loans in this currency.

Many thousand was available when I looked around last time. My investment is always reinvested immediately the same day. 

 

💡 Do you like this Mintos review? Leave a comment at the end of this page 🙂

 

Mintos auto invest strategy tool


It’s easy to set up an auto investment on your own.

The platform also offers 3 strategies that you can easily choose and use.

Then your investment fits your wishes with an easy setup.

You can also set up an auto invest for the secondary market now.

I don’t use it because I like to set up my own auto investment to get a higher return and have more control.

 

Buyback guarantee


I always use a buyback guarantee to minimize risk and make sure my investments are most likely not lost.

If a borrower doesn’t repay the loan within 60 days then the loan originator will pay you the invested principal and interest.

It’s not risk-free to invest in P2P lending but this feature simply makes the loan originators responsible for the loans instead of the borrower.

The buyback guarantee is very appealing and personally, I think it makes P2P lending so much more interesting for most investors.

Risk ratings for loan originators


Mintos has developed a unique scale for their loan originators. They call it “The Mintos Rating” and it’s an evaluation of their financial and operational stability (from A + to D).

Minto’s rating can be used when you create or adjust your auto investments.

Mintos Rating measure the loan originators ability to service and originate loans.

Mintos Risk Rating

Mintos Risk Rating

Mintos secondary market


There is a secondary market but I didn’t use it and I have no intentions to use this.

You can certainly get some good deals. There are really many loans available.

Before it was not possible to invest in loans in the secondary market with auto invest.  Therefore I never used it because I don’t want to use my time doing it manually.  

I may use it with auto invest and test it in 2019.

 

Mintos in 2019… a debit card is on the way


Soon they will provide a debit card and IBAN account.

The IBAN account is like a personal bank account, where you can receive and make payments.

You get a Mintos debit card and you can use it around the world (shops, ATMs, etc.) and of course online. Like any other payment card.

Martins Sulte, CEO and co-founder of Mintos explained that they see a huge opportunity for expanding to a much larger scale and speed.

It will be interesting to see how this evolves.

 

Pictures of the Mintos team

(Click to make them bigger)

Mintos on social media

That’s it. 
I hope you liked my Mintos review update this month. Remember you can join the marketplace with my Mintos promo code in the top and get 1% extra in return on your first investment.

Like this review? 😀

💡 Do you have any comment on this Mintos review? Please leave a comment below!

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Peter Michael

I'm an investor and the blogger behind MyInvestment.Blog. I write about investment, financial independence, and personal development. I try to combine the topics and show my journey towards financial freedom.

9 Responses

  1. LashRejuv says:

    It’s actually a nice and useful piece of info. I’m glad that you just shared this helpful info with us. Please keep us up to date like this.

    Thanks for sharing.

  2. Walter says:

    I have just copied your 4 auto-invest strategies in my account and 82.5% of my investments are from Moldova and from the same originator (iutecredit). It doesn’t seem very safe…

    • Peter Michael says:

      Hi Walter!

      Thank you for your response.

      Keep in mind that we have different priorities and starting points.

      Once you have just started, there will be a lot more money you initiate in Mintos auto investment. I reinvest only right now.

      I agree that it’s too much with a single loan originator. I would suggest removing Moldova and iutecredit from your setup for a period of time. So over time, there will be a better balance.

      You can actually see how the spread is under “Loans that match your criteria” to avoid this. You can also choose to diversify across loan originators in the setup.

      I don’t mind borrowing from iutecredit, as they are a smaller proportion of my portfolio. Mogo is most in my portfolio, but I have also had them for a long time.

      In my auto investments, I can see that it first include iutecredit in my third prioritized auto investment setup. So, therefore, I hardly get these loans.

      I hope that gave you enough answers. You have made some experiences and thanks because you shared them.

      I have added (Consider “Yes” if you have just begun) in my details thanks to you!

      You will definitely not regret that you have started investing with Mintos 🙂

      • Walter says:

        I was just starting and I didn’t have a clue what to do, so I just copied everything without checking first. My bad!
        Now I have tweaked the strategies a little bit, the next investments will be much better.

  3. Venkatesan says:

    how to join in it please let me know.

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