Mintos investment update December 2018


P2P Lending investment

This is my eleventh Mintos review and investment update. I always use the buyback guarantee and an auto invest setup on the platform. If you are new then you can use the Mintos promo code below.

 


My return on investment

2018

  • 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%


My return on investment in 2018:

+13,75%

 

Mintos(Click to enlarge)

2019

Expected return on investment in 2019:
+13,00%

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. In addition, 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 you will also get 1% extra 😎

 

More fresh details about my current portfolio:

Mintos

Mintos Loan Originator

 

My loans that are late

Loans that have defaulted since October 2017: 0%

2018JanuaryFebruaryMarchApril
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%
2018MayJuneJulyAugust
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%
 
2018SeptemberOctoberNovemberDecember
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 


First of all, it has really been a good year to invest with Mintos.

I had another very positive month with 1,16% in returns. It’s actually the same return as last month.

A bit more loans are late. It’s certainly at a reasonable level and I still didn’t experience a loan to default for 1,5 years now! 😎


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

Recently, I noticed that there are more loans with a buyback guarantee, which are above 11-12% in return. I invest exclusively with buyback guarantee to minimize risk. 

At the moment my Mintos P2P lending investment is 37% of my investment portfolio. It’s still too much in terms of diversification even the platform is performing so good.

 

Mintos will soon provide personal IBAN accounts and debit cards!


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.

 

New loan originators at Mintos


This month Mintos welcomed three new loan originators called Kredo Finance, Tengo.kz and Cashwagon.

Kredo Finance is from Albania. They offer consumer loans and earn net annual returns of up to 12%. 

Currently, the company has 14 dedicated sales offices in Albania and it aims to increase this number to 17 by the end of 2018

On Mintos, Kredo Finance will offer single payment (short-term) loans and personal installment loans.

All loans placed on Mintos by Kredo Finance have a buyback guarantee and will be repurchased if the loan is late for 60 days or more.

The company will also keep 15% of each loan it places on the marketplace on its balance sheet to maintain its skin in the game.

Tengo.kz offers its short-term loans issued in Kazakhstan.

The net annual returns of up to 12% for its loans listed in Euro (EUR) and up to 19% for its loans listed in Tenge (KZT).

“Tengo.kz is excited to join the Mintos marketplace to be able to offer investors our well-performing portfolio. Given our outstanding risk management and IT infrastructure our collaboration with Mintos will strengthen our position in Kazakhstan’s market and provide investors with stable returns”, says Country manager Vitaliy Nizhegorodtsev at Tengo.kz.

Cashwagon is a rapidly-growing international fin tech services provider. They have headquarters in Singapore and operations in Indonesia, Sri Lanka, Vietnam, Cambodia, and the Philippines. 

On Mintos, you can now invest in Philippines-issued short-term loans from Cashwagon. The loans on the marketplace range from EUR 30 to EUR 300 with a maturity of up to 30 days. You can expect a net annual return of up to 10%. 

All loans placed by Cashwagon have a buyback guarantee and will be repurchased if the loan is late for 60 days or more.

The company will also keep 15% of each loan it places on the marketplace to maintain its skin in the game.

My investment strategy


Transfer money is easy


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

It is very easy and the best is that you get a live exchange rate and at the same time a low transfer fee.

As a result, I use it every time and it goes pretty fast. Personally, I choose to transfer money in EUR because then I have most loans to invest in.

Furthermore, I also have a  free debit card at Transferwise so that I save money on all kinds of transfers.


New opportunity to transfer funds instantly to Mintos


You can now use Trustly (a payment provider) at the Mintos marketplace. It’s free to use with no registration required.

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

However, I will still use Transferwise to transfer money because it has no hidden markup to the exchange rate 🙂

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

My auto invest setup


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

 

1. Short-term (Less than 1% of my Mintos investment)


It’s not very often that there are loans that match these criteria even it has first priority.

  • Currency: EUR
  • Market: Primary
  • From 13% annually
  • 0m. to 4m. loan term
  • Rating: A to D
  • 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 (21/52)

     

2. Short to long-term (Approx 15% of my Mintos investment)

  • 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 (32/52)

     

3. Mid-term (Approx 80% of my Mintos investment)

  • Currency: EUR
  • Market: Primary
  • From 10% 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 (26/52)

     

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

  • Currency: EUR
  • Market: Primary
  • From 10% annually
  • 0m. to 64m. loan term
  • Rating: A to D
  • 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 (41/52)

     

Mintos review

This Mintos review is updated continuously so it is current and useful.


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.

 

7 facts about Mintos

 

  1. Mintos is the market leader for continental Europe with a 38% market share (2018).
  2. They started the marketplace in 2015.
  3. The company is located mainly in Latvia, Europe.
  4. Has three offices employing 50+ people in Riga, Warsaw and Mexico City.
  5. They exceeded EUR 809 million in cumulative investments by investors.
  6. 93.000+ investors from 71 different countries have joined the marketplace. Very impressive.
  7. More than 55+ loan originators on the platform.


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.


The Mintos marketplace managed to reach EUR 1 billion in total loans just in 3,5 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.


Pictures of the Mintos team

(Click to make them bigger)


The signup process


When you sign up you just need to provide basic information about yourself. Remember the Mintos promo code.

To use the platform you must be 18 years old and I think it’s easier if you have a bank account in the European Union (EU). 

However, I have experienced more outside the EU who have started investing at Mintos. Eg. from Japan and Russia.

💡 If you are new to invest at Mintos then use the promo code above and get 1% extra in return!

 

Two-factor authentication


It is now possible for you to add an additional security layer to your account.

You can enable two-factor authentication so you must enter a 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.

 

APR feature on Mintos


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.


Auto Invest strategy tool


It’s easy to set up an auto investment. The platform offers 3 strategies (you can still also make your own like me) 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.

 

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

The 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.

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

 

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.

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 on social media

 


💡 I hope you liked my Mintos review update this month. Remember you can join the marketplace with my Mintos promo code above and get 1% extra in return on your first investment 🙂

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

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5 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.

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