Mintos crosses € 7 billion loan mark
Mintos has hit the â¬ 7 billion (Â£ 5.97 billion) milestone.
The European peer-to-peer lending platform has said in the past two weeks that its top 10 countries with the largest loan investments are Spain, Russian Federation, Kazakhstan, Latvia, Poland , Estonia, Moldova, United Kingdom, Finland and Indonesia.
38.93 million euros have been invested in the first four of these markets.
Mintos, who obtained his investment business license last month, said personal loans, short-term loans and auto loans were the most popular types of loans during the same period, receiving 73 , 27 million euros of investment for these loans.
Meanwhile, agricultural loans and mortgages received lower lending volumes.
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Mintos said the most popular way to invest over the past two weeks has been through diversified and conservative strategies.
The platform has launched nine lending companies in the past six months, including UK lender Fenchurch Legal, Mexican commercial lender Capem, Kazakh auto lender Jet Finance and two Mexican lenders, GoCredit and Conmigo Vales.
This has led to a huge increase in investment opportunities in six markets and four types of loans, meaning that in total, the platform has reached over 70 loan companies in 34 markets across the world with nine different types of loans.
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âAs investor activity continues to grow, we are making sure there are plenty of new investment opportunities to choose from,â Mintos said in a blog post on its website.
âWe would like to sincerely thank all of the investors on Mintos for being with us on this journey so far. We are delighted that you continue to grow with us as we strive to reach even bigger milestones! “