Mintos review – Results after 20 months

This Mintos review is based on my own experiences after close to two years of investing.

Last update: November, 2019.

What is Mintos?

Mintos is the leading peer-to-peer lending marketplace in continental Europe that connects investors with borrowers of various loan originators from around the world. It is an easy and transparent alternative to the traditional banking system.
The platform launched in January 2015. It currently serves 69 loan originators and more than 202 965 investors from 70 countries. The platform has issued over 3.75 billion euros worth of loans on their platform.

Mintos loans funded

Mintos has a unique business model, and they are not a P2P lending company but a marketplace for loans, they often find there can be some confusion.

Let’s dive right into it!

Mintos Invest&Access

On 10th of June 2019, Mintos came out with a new product called Mintos Invest&Acccess.

Mintos Invest&Access is a similar product to Bondora’s Go & Grow, except Mintos Invest and Access offers returns up to 12% instead of Bondora’s 6,75%.

Read more about Mintos Invest and Access here –

Invest and access - earn high returns, get your money when you need it


mintos award 2016mintos-review-peoples-choice-award 2017mintos award 2018

Mintos AltFi awards

Mintos won the People’s Choice AltFi Awards, in 2016, 2017 and 2018.

“The highly-anticipated results for the 2017 AltFi Awards are in and we have fantastic news! Thanks to the support of our investors, Mintos has been voted as the People’s Choice for 2017. We sincerely thank everyone who voted and encouraged others to vote for the Mintos marketplace.”

This confirms that Mintos is truly the leading peer-to-peer lending marketplace in continental Europe.

How to create an account on Mintos?

It is very easy. All you need to do is fill out Mintos registration form here.

There are total of 4 easy steps:
1. Use your email address to create an account;
2. Verify your ID by providing Mintos with a copy of your driving license or passport and a proof of current address, for example utility bill or bank statement;
3. Make a deposit to your Mintos account. It can be done with a SEPA transfer or using money transfer services, for example Revolut or Transferwise;
4. Choose an investing strategy and start investing on Mintos!

Getting started on a p2p platform

How to transfer money to your Mintos account?

You can transfer money to your Mintos account from your bank or e-money account. Transfers in EUR can be done easily and at low cost using SEPA (Single Euro Payments Area) transfers. If you have money in currency other than EUR, you can transfer it using money transfer service, for example Revolut or Transferwise.

Can companies invest?

Yes, companies can invest through Mintos. To comply with AML requirements, Mintos requests additional information from companies, such as registration documents, information about ultimate beneficial owners, identification of a company representative, as well as any other documentation deemed necessary in each case.

What and how to use Mintos auto invest?

Above all, Auto Invest automatically implements your chosen investment strategy. After you have entered your investment criteria, Auto Invest will automatically invest in suitable loans. You can access Auto Invest at any time. Follow your portfolio activity in real time to make sure it is working according to your investment goals. Auto Invest is a very efficient tool for saving time spent on investment activities. It also allows you to access newly placed loans in the system before manually-made investments.

You can pause or cancel Auto Invest at any time.

However, once you have confirmed your investment criteria, Auto Invest will review loan listings and invest funds in loans that meet them. Therefore, Auto Invest will then continue to automatically analyze and invest in suitable new loans as soon as they are listed. If you change any Auto Invest setting, all available loan listings will be rechecked to make sure they meet your investment criteria.

What is Mintos secondary market?

The secondary market is a place where investors can place their investments for sale to other registered Mintos investors.
Benefits to investors selling loans on the secondary market include:
– more liquidity for their investments, whichever allows access to funds when necessary;
– opportunities to profit by selling investments at a premium.

Benefits to investors buying loans on the secondary market:
– opportunities to make investments in loans not available on the primary market;
– opportunities to profit by buying loans at a discount.

Mintos Invest&Access vs Auto Invest vs Manual Investing

(click on the picture to magnify)

Compare ways of investing

How is interest calculated?

Interest is calculated on a daily basis. It is measured against the amount you have invested in loans on the respective day.
In contrast, the formula for calculating interest is as follows: Invested amount * Amount of days * Interest rate/360.

How does Mintos mitigate risks?

As with any investment, there are some degrees of risk. On Mintos website, they clearly outline these risks and urge investors to evaluate them before making an investment. On Mintos, they have several layers of risk mitigation to make investments on the marketplace as secure as possible. This includes buyback guarantee. If a loan comes with buyback guarantee, the loan originator guarantees to buy back loans that are 60 or more days late. This reduces the risk of an investor losing money if the borrower does not repay their loan.
In addition, each loan originator is required to keep a certain percentage of each loan they place on Mintos on their balance sheets. This is called skin in the game. This ensures that the interests of the investors are closely aligned with the interests of the loan originators.

Before a loan originator joins Mintos, they perform a thorough due diligence before connecting them. This is done in order for Mintos to be confident in their ability to originate quality loans and service them thereafter. Once a loan originator has connected to Mintos platform they continue monitoring their financial performance and the quality of the loans they place on Mintos.

What does the Mintos Rating measure?

Mintos introduced risk ratings for loan originators offering their loans on the Mintos marketplace. The Mintos Ratings are on a scale from “A+” to “D”, representing the lowest and the highest counterparty risk respectively. Keep reading for more details.

The Mintos Rating is meant to be a gauge for each loan originator’s financial and operational stability. At Mintos, they emphasise the loan originator’s ability to service and originate loans as being the most important when assessing loan originators. In addition, the financial standing of the loan originator is a material factor when the buyback guarantee is provided to investors. You can read more on whether the loan performance or loan originator is the most important factor when investing in loans on the marketplace in their recent blog post here.

mintos loan ratings

Low risk
A financially strong company, having a stable and leading market position, solid asset quality, robust debt collection procedures lead by a management team with a good track record and operating in stable and established regulatory environment.
Moderate risk
A company with stable but somewhat weaker financials and/or an average market position, and/or adequate debt collection procedures, and/or shorter asset quality track record lead by a management team with relevant experience and/or operating in a less regulated and/or uncertain environment.
A company with considerable weakness in financial performance and standing, with limited competitive position and/or asset quality below the average and/or a limited track record, management lacking experience, and/or operating under substantial regulatory risk due to uncertainty.
A company in financial distress, having problems to fulfill financial obligations and/or has defaulted.

Mintos assessment methodology is based of 5 different business factors with an individual weight:

  1. Operating environment (10%)
  2. Company profile (15%)
  3. Management and Strategy (15%)
  4. Risk appetite (20%)
  5. Financial profile (40%)

These 5 factors illustrates how Mintos operate with their loan originators. It is very clear that Mintos is focusing heavy on making money. They have 40% of their emphasize on the loan originators financial profile, followed by the loan originators risk appetite. 2 factors that can impact the economics of the investors easily.

Ultimately, the Mintos Rating measures the counterparty risk or risk of loss resulting from a loan’s originators’ failure to service and/or transfer the received payments from borrowers to investors or meet other contractual obligations (including but not limited to the buyback obligation). Counterparty risk is capturing operational and default risk of the company acting as a loan originator, servicer of loans and obligor of the buyback guarantee to investors. The materialisation of those risks would cause a disruption in loan servicing and the buyback fulfilment which are the core risks related to loan originators on Mintos.

Mintos buyback guarantee

While writing this review there were only ~50 loans out of 200 000, which had no buyback guarantee.

But what does “buyback guarantee” mean on Mintos?

A buyback guarantee is a guarantee issued by the loan originator to the investor for a particular loan. Buyback guarantee confirms the loan originator will repurchase the loan from the investor if that particular loan is delayed by more than 60 days. If a loan with a buyback guarantee is delayed by more than 60 days, the loan is automatically bought back by the loan originator from the investor at the nominal value of outstanding principal, plus accrued interest income.

Mintos Loan Originators (LO)

There are a total of 69 Loan Originators on the platform, which cover 31 countries. Starting from Albania, Amernia to Vietnam and Zambia. Every single Loan Originator on the platform has a Mintos Rating from A+ to D, Mintos Ratings meaning are displayed above.

For the time being, there are no A+ rated Loan Originators on the platform, yet there are 12 A or A- rated LO’s.
Also it has to be mentioned that there is one LO with a Mintos Rating of D, which is Eurocent. Read more about Eurocent.

Loan Originators give out 8 types of loans:

  • Business loans – Highest rated LO’s: 1pm plc, Mikro Kapital.
  • Personal loans – Mogo, Banknote, BB Finance Group, Credissimo, Everest Finanse, Placet Group.
  • Mortgage loans – ACEMA, Extra Finance.
  • Agricultural loans – AgroCredit, Mikro Kapital.
  • Short-Term loans – Banknote, Credissimo, VIZIA.
  • Pawnbroking loans – Banknote.
  • Invoice Financing – EBV Finance, Capitalia.
  • Car loans – Mogo, IuteCredit.

What happens when a Loan Originator goes belly up?

It is unlikely that a Loan Originator will go bankrupt, but it has happened! P2P lending is growing fast and whichever company can’t keep up with the pace, will most likely suffer the consequences.
Since Mintos launch from the beginning of 2015, nearly 4,5 years after, Mintos has experienced problems with few loan originator: EUROCENT and Metrokredit.

You can find more information about the two Loan Originators in the Mintos Blog and about Metrokredit.

Key facts about Mintos financial report 2018

2018 was a great year for Mintos, as Mintos continued to strongly grow their business and community. Mintos became the leader in the European market for investments in loans: as reported by independent fintech website, Mintos had the largest volume of new investments among similar companies over the second half of 2018;

  • In 2018 over 55 000 new investors joined the platform, which is more than twice as much as in the year 2017;
  • Loans funded on Mintos: 1.044 billion euros invested into 4.8 million new loans (only 2018 included);
  • Number of employees raised from 36 to 59;
  • At the end of 2018, there were total of 58 different loan originators on Mintos;

Mintos 2019 outlook. In 2019, we will continue growing both our investor demand and the loan supply, with a focus on diversification across geographies, currencies and the safety of the Mintos marketplace. Mintos Group plans to launch a Mintos banking account and debit card, which will further increase the value added to Mintos customers. The European e-money license application has been submitted and the license is expected to be obtained by the end of Q3 2019. To support further development, Mintos Group raised EUR 5 million in Series A funding in November 2018.

Read more about Mintos Financial Report 2018 –

Mintos Auto-Invest feature

Just like the most of the P2P platforms, Mintos has an “Mintos Auto-Invest” feature and it is a single most popular feature of the Mintos marketplace – more than 75% of investors actively use it.  Auto Invest automatically implements your chosen investment strategy. After you have entered your investment criteria, Mintos Auto Invest will automatically invest in suitable loans.

My strategy on Mintos P2P platform is to spread the risk between different Loan Originators. My Mintos Auto Invest settings. Take notice that this is not any specific advise to where and what to invest in.

Auto Invest settings

My preferred Mintos Auto Invest settings

My Mintos Auto Invest settings.

What interest rates and terms are you interested in

Mintos review: Conclusion

In my opinion, Mintos is one of the absolute best P2P platforms available right now.
Since it’s launch in 2015, Mintos has become the P2P market leader in continental Europe.

So far Mintos has not disappointed me, they are transparent, direct and have a great net annual return rates. My average rate on the platform is 11.72% (As of 03.11.2019), which is pretty good and all my loans have buyback guarantee. In my opinion, Mintos marketplace suits well for beginners and the experienced investors.

If you are looking for even more comprehensive Mintos report, I suggest you to read Colminey’s TORCH Report: Mintos. Colminey takes an extremely deep dive into the Mintos platform and answers questions like: “How transparent is Mintos, how likely is it to collapse, and are they doing everything possible to protect investors?”

Join Mintos today and get 1% cashback bonus

Register here –

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Mintos gives you an exclusive 1% bonus on all investments you make within the first 90 days from your registration if you sign up through one of my referral links. This bonus can be found only here, you will not get this bonus if you sign up directly on

Click here to receive an exclusive 1% bonus!

Join Mintos to receive and exclusive 1% bonus

My account overview at

You can see my portfolio here –

Account overview september 2019

Your own thoughts

Do you have an account at Mintos? How big is your portfolio? Do you have any favorite Loan Originators? Let me know in the comments below.

Other options

My Portfolio for other investment opportunities. I also publish monthly updates of my portfolio.