Mintos review ⇒ My results after +4 years

 

Mintos review 2021

  • +12.48% in return last year.
  • My favorite P2P lending platform since 2017.
  • They have more than 365.000 investors from 63 countries. It’s the biggest platform in Europe.

My personal Mintos review 2021

To ensure that the content is current, I update this blog post regularly. This blog post is really packed with information!

I have been using the Mintos platform for more than +3 years and here you can read my in-depth review.

I also share my own investment strategy to ensure a good and solid return.

Let’s look into it!

What is Mintos?

 

Mintos is the most preferred platform in Europe when it comes to Peer to Peer investment. They are the market leader with more than 45% market share in Europe.

The company behind this investment platform is located in Latvia and they started back in 2015.

Mintos connects investors with loan originators worldwide and offers you the biggest European marketplace for investments in loans. 

Basically, you invest in loans and receive ongoing interest every month. Just like passive income!

I want to unfold the Mintos platform even more and what to expect but first I want to share my personal returns in 2018, 2019, and 2020. 

My return on investment

2020

My return on investment:
+12,48%

  • January: +0,92%
  • February: +1,02%
  • March: +1,21%
  • April: +0,49%
  • May: +1,05%
  • June: +1,50%
  • July: +1,10%
  • August: +0,83%
  • September: +1,12%
  • October: +1,15%
  • November: +1,08%
  • December: +1,01%
 
 

2019

My return on investment:
+12,63%

  • January: +0,93%
  • February: +1,01%
  • March: +0,89%
  • April: +1,02%
  • May: +1,02%
  • June: +1,09%
  • July: +1,14%
  • August: +1,00%
  • September: +0,93%
  • October: +1,34%
  • November: +1,17%
  • December: +1,09%
 
 

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%

What kind of return can I expect?

 

Although we have had a challenging year in many ways with Corona, the returns are very satisfactory. There have been a few more fluctuations in 2020 but overall the returns are at the same level.

In 2020 I got a return of 12,48% and in 2019 it was 12.63%. It is very satisfying 😎

Furthermore, none of my loans have defaulted so far. However, I have some loans in recovery due to corona and fixed repayment agreements have been made.

 

Mintos interest 2018-2020


The average annual return on the platform is 13.03% (January 2021).

See my latest returns?

 

This Mintos review is updated ongoing but if you would like to follow my current status, then you can check out my investment portfolio. I update every month about my return on investment.

My loans that are late

 

Further down I will share my Mintos strategy to minimize the risk of losing the invested money. I haven’t lost any money since I started.

Loans that have defaulted (not been paid back) since October 2017: 0% 😎

Here is loans that are late in my investment portfolio:

On average201820192020
1-15 days late13,2%11,9%12,4%
16-30 days late8,5%7,9%9,2%
31-60 days late7,6%6,3%6,2%
60+ days late0%0%0,2%
Default0%0%0%
Funds in recovery0%0%13,79%

Further down I share more about the Mintos marketplace and the company behind

 

My personal Mintos auto-invest settings

 

On the Mintos platform, you can create your own auto-invest setup or choose from their standard settings.

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.

Click to see the settings below:

  • Currency: EUR
  • Market: Primary
  • Mintos Risk Score: 7+
  • From 13%+ annually
  • 0 -to 4 months loan term
  • Loan type: Short-term only
  • Loans from Bulgaria, Czech Republic, Denmark, Estonia, Finland, Latvia, Lithuania, Poland, Romania, Spain, Sweden, and Ukraine.
  • Investment in one loan between 10-30 EUR
  • Reinvest: Yes
  • Include loans already invested in: No
  • Diversify across loan originators: Yes
    (Consider “Yes” if you have just begun
    )
  • Buyback Guarantee: Yes – 100%
  • I use all loan originators that suit these criteria  (28/68)
  • Currency: EUR
  • Market: Primary
  • Mintos Risk Score: 7+
  • From 12%+ annually
  • 4m. to 36m. loan term
  • Loan type: Personal, Short term, Car and Mortgage  loans
  • Loans from Bulgaria, Czech Republic, Denmark, Estonia, Finland, Georgia, Latvia, Lithuania, Poland, Spain, Sweden, and Ukraine.
  • Investment in one loan between 10-30 EUR
  • Reinvest: Yes
  • Include loans already invested in: Yes
  • Diversify across loan originators: Yes
    (Consider “Yes” when you just started)
  • Buyback Guarantee: Yes
  • I use all loan originators that suit these criteria (30/67)
  • Currency: EUR
  • Market: Primary
  • Mintos Risk Score: 7+
  • From 11%+ annually
  • 4m. to 20m. loan term
  • Loan type: Personal, Short-term, Car and Mortgage
  • No business loan, invoice financing, pawnbroking loan or agricultural loan
  • Loans from Bulgaria, Czech Republic, Denmark, Estonia, Finland, Latvia, Lithuania, Poland, Romania, Spain, Sweden, and Ukraine.
  • Reinvest: Yes
  • Include loans already invested in: No
  • Diversify across loan originators: Yes 
    (Consider “Yes” if you have just begun)
  • Investment in one loan: 10 – 30 EUR
  • Buyback Guarantee: Yes
  • I use all loan originators that suit these criteria (29/67)
  • Currency: EUR
  • Market: Primary
  • Mintos Risk Score: 7+
  • From 11%+ annually
  • 0m. to 36m. loan term
  • Loan type: Personal, Short term, Car- and Mortgage  loans
  • Loans from Bulgaria, Czech Republic, Denmark, Estonia, FYR of Macedonia, Finland, Georgia, Latvia, Lithuania, Moldova, Poland, Romania, Spain, Sweden, and Ukraine.
  • Investment in one loan between 10-15 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  (32/67)

Is Mintos safe?

 

There is always a risk in investing no matter what asset class it’s within. Therefore it’s important that your investments on the platform are adjusted to your risk appetite.

Mintos Altfi Winner 2020Mintos is in my opinion a very credible and transparent P2P lending marketplace. More than +365.000  investors worldwide have joined and Mintos is the winner of the AltFI “People Choice” award in 2016, 2017, 2018, 2019, and 2020. These are really positive signs.

They are also a very open company with a high level of information shared with the investors. They are proactive in relation to more regulation in the market.

Furthermore, the possibilities for diversification are really good because they have more than +70 loan originators on the platform and offer buyback guarantees.

99% of all the investment opportunities on the platform have buyback guarantees.

In my opinion, it is one of the best places to invest in P2P lending because of these reasons.

What is the buyback guarantee?

 

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

The buyback guarantees are an extra layer, which puts you in a better position in situations where the loan is not repaid. It’s not risk-free but makes the loan originators responsible for the loans.

If you simultaneously choose some loan originators with a reasonably good Mintos risk score (+7) in different countries, then you have minimized the risk even more. It is one of the primary reasons why Mintos is such a great place to invest.


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

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

Secure your investment with two-factor authentication

 

It’s possible to enable two-factor authentication so you must enter the verification code from your mobile after you enter your normal login data.

This will add an additional security layer to your account and protect your investment account from unauthorized access. It’s free to use.

Transfer money to your Mintos account

 

Transferwise

My preferred method is to transfer money in EUR to my Mintos account with the service Transferwise.

This will lower the transfer cost and they use the real exchange rate. Transferwise has no hidden fees like the banks. They only take between 0.35% to 2% for converting currencies. 

I have used this service for 3+ years now and they normally transfer the money within 24 hours. Pretty amazing.

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

Mintos also offers loans in other currencies such as CZK, DKK, GBP, GEL, KZT, PLN, RUB, SEK, and USD.

You can also exchange currencies on the platform but I don’t recommend it because they charge a fee for this.

 

Other options to transfer money

 

Surely you can also transfer money via your bank with details within the platform. This is called SEPA transfer.

Furthermore, you can also use the service Trustly (a European payment provider). It’s free to use with no registration required. Just select it inside the platform.

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

Let’s dive more into this Mintos review with 10 amazing facts….

10 quick facts about Mintos

 

  1. Mintos is the market leader for continental Europe with a 45% market share.
  2. They started the marketplace in 2015.
  3. The company is located mainly in Latvia, Europe.
  4. Has three offices employing +100 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. In 2018 the revenue was massive at 4.6 million EUR.
  6. More than +30 million loans are funded on the platform!
  7. More than +70 loan originators on the platform.
  8. +365.000 investors from 64 different countries have joined the marketplace. Very impressive.
  9. 90% of investors with at least € 500 invested have earned 10% or more per year.
  10. You can download the “Mintos app” to your smartphone and easily follow your investments.
Let’s dive more into this Mintos review… 😊


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

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

I think they have done a good job and perhaps developed the best real-time interface in the sector.

The Mintos platform is started by the CEO Martins Sulte and CFO Martins Valters

Martins Sulte often participates in AMA live streams with investors and he also participates in several Fintech conferences.

The sign-up process

 

It’s a pretty easy 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.

The P2P lending investment

 

You can start investing with only 10 EUR. This is the minimum in every investment opportunity.

When the money is on your Mintos account you can start immediately.

Just remember that Mintos sends no information about the investment to any Tax Agency or deducts any taxes. You must do it yourself in your country. 


P2P loans on the platform

 

There are really many different types of loans on the platform such as personal, short-term, business – and car loans.

All loans have detailed information about the investment opportunity. You can find information about loan type, amount, remaining principal, APR, LTV, Mintos risk score, interest rate, initial term, country of issuance, and borrower details.

You can get between 11-15% in interest rate with buyback guarantees. Pretty amazing.

They also have unsecured loans with interest up to +17%, however, I don’t recommend these. It may be tempting but they have high-risk.

The availability of loans to invest in is very good. Many thousands were available when I looked around last time. That’s one of the benefits of this P2P lending marketplace as there are so many loan originators enrolled.

Furthermore, you can also invest in 11 currencies on the platform.

I have been an investor on the platform for more than 4 years now and my investment is always reinvested immediately the same day.

APR  (annual percentage rate)

 

It’s really important to take a closer look at APR at the various investment opportunities. You can see the annual percentage rate (APR) for each loan. An APR is the annualized effective cost charged to borrowers and a too-high APR can present repayment challenges.

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

Mintos auto-invest strategy tool

 

I have made my own custom auto investment setup, but you can also easily choose from their premade solutions. Mintos offers 3 strategies that you can easily use:

Diversified, Conservative, or High-yield. 

Then your investment fits your risk tolerance and time horizon. I don’t use it because I like to set up my own auto investment to get a higher return and have more control.

It’s also possible to set up an auto-invest for the secondary market. 

Mintos secondary market

 

If you want to get out of some of your agreements, then it’s possible to sell them on the secondary market.

It’s a very active market and you can also buy already existing agreements from other investors. You can surely find some good investment opportunities.

Mintos on social media

 

 

That’s it!
I hope you liked my Mintos review and all the details. Remember you can join the marketplace with my Mintos promo code 🙂

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Peter Michael

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

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