In June, Mintos launched Invest & Access, a product that was created in order to provide even more choices for Mintos investors and create an additional value for the money that’s being invested in loans on Mintos marketplace.
A bit more than two months after the product’s launch, Mintos shares the first overview of the Invest & Access performance.
Since Invest & Access has been launched, 69% of new investors on Mintos have used this tool to create their investment portfolios on Mintos. 18% of new investors choose Invest & Access exclusively for their investment activities on Mintos. While having access to their money, investors are earning average interest rate of 12.09% on their average investment of EUR 3 969. Only in the first two months, already 49% of investors have added more funds to their Invest & Access portfolios after the initial investment.
When Mintos was creating Invest & Access, they wanted to answer these questions “How can Mintos enhance the accessibility of investments in loans for those looking for new earning opportunities? How can Mintos make investing even more simple for those joining Mintos?”
The answers were simple, too:
– Mintos can further facilitate investors’ experience on Mintos with the help of our technology,
– Upgraded and reliable automation of key investing features can help investors spend even less time managing their portfolios,
– Investors’ earnings made by attractive average interest rates can be accessible at any moment for further portfolio diversification,
– Investors can get their money faster and cash out whenever they need the money – without waiting for the investment to reach maturity.
The latter is where Invest & Access gains the most advantage over Mintos Auto Invest and Manual Invest: investing with this Mintos product means investing with money-making money that is instantly accessible for cashing out, without any extra costs.
Source: jeangalea.com
The real access to your money: Cashing out
The most important new option that investors got with Mintos Invest & Access is the possibility to quickly cash out their invested funds, even before the investment reaches maturity. When an investor wants to withdraw the money, the tool automatically sells current loans to other investors and credits the money to investor’s account. More than 80% of cash withdrawals from Invest & Access to investors’ Mintos accounts happen in the timeframe of 24 hours (July, 2019).
Source: Mintos blog, Invest & Access article
As liquidity is one of Mintos’ key strengths, there is also an easy option for investors to proceed with selling late loans from Invest & Access portfolio on the Secondary Market. At any time, investors can sell their loans from “My Investment” section on the Mintos Secondary Market that performs with high liquidity, and EUR 150 million loans have been sold on it since 2015.
Users as developers
During these two months, Mintos has been talking to investors and they have been following feedback about the investing experiences with Mintos Invest & Access. Dedicated to continuous product development, Mintos have already introduced some product upgrades based on investors’ feedback, with more to come in the upcoming period.
Pause & Reactive portfolio for even more flexibility
With the introduced “Pause” option, investors can use their Invest & Access earnings with more control and flexibility. By investing earnings of Invest & Access via Auto Invest or Manual Invest, investors can further diversify their investment portfolios within Mintos.
Pausing Invest & Access means pausing the reinvesting, without cashing out. Most importantly, the remaining investment in the paused portfolio still continues to earn interest. This way, although highly automated investment feature, Invest & Access offers investors more control over their incoming earnings and additional time for the investment decision making.
Next: Lowering the minimum investment amount
In the upcoming period, the minimum investment amount for Mintos Invest & Access will be changed. Instead of EUR 500, the minimum starting amount for investment with Invest & Access will be EUR 10.
This way, investors will be able to experience the Invest & Access tool before they opt in to invest more money via this Mintos feature. Investors can always add more funds to their portfolio, gaining even better diversification over loans and loan originators. So far, the average number of loans across which Invest & Access diversifies investors’ portfolios is 203 loans.
Besides these changes, in the future Mintos plans to bring more insights about the investors’ monthly earnings made possible by Mintos Invest & Access.
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Please share your opinion
Are you already an investor at Mintos? Please share your thoughts on the platform in the comments section below. Does it meet you expectations? Do you try to diversify as much as possible, or do you prefer to invest in a few loan originators? How much of your portfolio would you be willing to invest into a P2P platform like this?