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Mintos Review 2020

Is Mintos a great platform for P2P lending? Find out in our Mintos review below:


Minimum investment:


Our rating:


Average yield:



  • Investments secured by buyback guarantee
  • No investment fee
  • Mobile app
  • Mintos has achieved profitability


  • Loan originator default risk
  • Fee for currency conversions
  • 0.85% secondary market fee for sellers

Review summary:

Mintos is a great platform for both beginners and more experienced P2P investors. On their platform, you can find a wide range of loan types that makes it easy to diversify – something that separates Mintos from a number of other platforms. With Mintos Invest & Access, getting started is also quick. However, you will typically achieve a higher return by manually setting up auto-invest strategies. Compared to other platforms, the return on Mintos is fairly competitive.

It’s 100% free to use the platform.

Last updated: April 4, 2020

Introduction to our Mintos review

Are you considering investing on Mintos? Then read on. We’ve written this review to help investors determine if Mintos is the right choice for them.

Below you will find an overview of the things that we will discuss more in detail in this Mintos review. Simply click on the links to jump directly to the thing you want to know more about.

Learn about this in our Mintos review:

What is Mintos?

Mintos is a global Peer-to-Peer lending platform based in Riga, Latvia. Since Mintos launched in 2015, the platform has since become one of the most popular P2P lending companies outside of the US.

Today, more than 285,000 investors are registered on the platform, and every day even more are coming to enjoy the platform’s average return of 12.02%.

Mintos is an award-winning platform that, among other things, has won the People’s Choice Award from AltFi – and for several years in a row.

Mintos great success is due to several things. Among other things, they have chosen not to offer loans to consumers themselves, but instead leave this to external lending companies. In this way, they manage to grow faster than most of their competitors – without compromising return for their investors. So when Mintos needs more loan liquidity on their platform, they simply attract new lending companies to their platform.

How Mintos works

Mintos works by linking different lending companies to their marketplace. These loan originators have already issued some loans, which they then allow investors at Mintos to invest in. This process is illustrated below:

How Mintos works

By letting retail investors invest in the loans, the lending companies release a lot of liquidity, which means the lending companies themselves get more money to issue more loans.

This creates a win-win situation for both the loan originators and investors at Mintos.

The Mintos loan originators make their money on the difference between the interest rate they lend money to and the interest rate they let investors invest in their loans for.

Mintos require that the loan originators on their marketplace retain a certain percentage of their loans themselves. This is to ensure that the loan originators themselves have skin in the game and therefore also act on behalf of the investors.

For example, let’s say a loan originator issues a loan of €1,000 and is forced to keep 10% skin in the game. This means that the loan originator must keep a €100 stake in the loan himself. This allows them to release a maximum of €900 for investment on the Mintos P2P marketplace.

Later in this Mintos review, we will also dive into other different safety-related factors that are worth considering if you want to start investing in Mintos. But for now, let’s look at what you can do on the Mintos marketplace and what features the platform has to offer.

As an investor in the Mintos marketplace, you have the opportunity to invest in many different loan types. These types of loans include:

  • Mortgage loans
  • Short-term loans
  • Secured car loans
  • Business loans
  • Forward flow
  • Personal loans
  • Agricultural loans
  • Payday loans
  • Invoice financing

Frequently asked questions:

Peer-to-Peer lending platforms are a great alternative to investments like real estate, stocks, bonds, etc. This is due to the fact that P2P lending can provide further diversification to your overall investment portfolio while offering higher historical returns than traditional investments. In recent years it has not been unusual to see stable returns of over 10% annually.

All investing includes risks. However, Mintos has done a lot of effort to make investments on its platform as safe as possible. In our Mintos review, you can learn more about the platform safety in this section.

Mintos turned into a profitable company with a net profit of €196,000 in 2017. Since then the platform has continued to grow.

  1. Create an account.
  2. Transfer money to your account.
  3. Use Mintos Invest & Access (easiest) or create your own auto-invest strategy (highest return).
  4. Log in to your account from time to time to check on your investments.

Key features

We have already taken a look at some of the reasons why Mintos has become a popular choice among investors. In the following, we take a closer look at some of the key features that make it easy to invest through their platform:

1. Mintos buyback guarantee

On the vast majority of loans, Mintos has a so-called buyback guarantee. In short, the Mintos buyback guarantee helps to protect you against loan defaults. In case a loan is not repaid, then the loan originator must repurchase the loan from you as an investor.

However, it is important to remember that a buyback guarantee is only as secure as the ones behind them – which in Mintos case would be the loan originators. So if you decide to invest through Mintos, then it is a good idea to diversify between several loan originators.

Also, keep in mind that a buyback guarantee acts as a form of insurance. Therefore, loans with a buyback guarantee typically have a lower return than loans without a buyback guarantee.

2. Mintos auto-invest

Another key feature we have to mention in this Mintos review is the auto-invest. Mintos has one of the best auto-invest features among P2P lending platforms. It is both more sophisticated and user-friendly than most other platforms.

To use their auto-invest strategy, follow this process:

  1. Make sure you have signed up
  2. Log in to your account
  3. Click “Invest”
  4. Click “Auto Invest”
  5. Click “Create new Auto Invest strategy”

From here you can choose from the following predefined Mintos Investment Strategies:

Mintos auto invest strategies

These investment strategies are good for quickly getting started with a reasonable risk/reward level. So for the brand new P2P investor, these can be a pretty solid choice.

If you would like full control over your investments, then you can also choose to create your very own Custom Strategy. This is initially a bit more difficult than simply choosing a Mintos Investment Strategy. But if you want to get the most out of your P2P investments, then we strongly recommend you spend your time learning how to set up a Custom Strategy.

A bit of good advice when choosing a Custom Strategy is to set the portfolio size low in the first place. That way you can see what loans it is investing in, without getting all your funds invested.

Another good advice is to create several different strategies and then prioritize the order in which they are executed. For example, this may look like this:

Mintos auto-invest priority

Based on the first priority, called “Diversification Strategy”, we only invest in loans with an interest rate of +12%. If all the money is not invested based on this strategy, then the second priority strategy becomes active instead and ensures that your money is invested. This strategy is named “Short-Term Strategy” in the picture.

This is a simple way to set up an auto-invest strategy if you are long-term looking to get as high a return on your money as possible, but in the event of temporary declines in interest rates, you still want to have all the money invested.

You can also create many more different layers, such as investing automatically in secondary markets, etc.

3. Mintos secondary market

Mintos was one of the first Peer-to-Peer lending marketplaces to introduce a secondary market. This enabled investors to sell their investments ahead of time. This can be done at Mintos with both a discount or a premium, which also opens up the possibility of making extra profit.

Mintos secondary market

You can use the Mintos secondary marketplace to scoop up some discounted loans and thereby increase your return.

At the same time, you can also use Mintos secondary market to sell your loans if you no longer want them. Of course, this is an advantage for you if you find better investment opportunities elsewhere or simply need cash. However, in April 2020, a fee of 0.85% was introduced for selling loans on the Mintos secondary marketplace. Buying loans is still free of charge.

4. Mintos loan originator ratings

Whether you go to the secondary market or primary market, or even if you use auto-invest, you will encounter Mintos loan originator ratings. Mintos was, in 2018, the first P2P lending platform in Europe to introduce such a feature to its investors. This clearly marks how Mintos oftentimes is a first mover in the P2P industry. The feature is meant to make it easy for any investor to quickly access the risk of a P2P investment from any loan originator on the platform – which is why we think it’s appropriate to break down what’s really behind the rating here in this Mintos review. 

The risk ratings go from A+ to D. As you can see below, the loans with an A+ rating has low risk, where P2P loans with a D rating is considered very high risk.

Mintos ratings

The ratings of the lending companies on Mintos are conducted with a risk rating methodology that is very similar to those that big credit rating companies like Fitch use.

The Mintos rating methodology consists primarily of five main areas of assessment. These are financial profile (40%), risk appetite (20%), company profile (15%), management and strategy (15%), and operating environment (10%).

Giving access for investors to invest in loans from financially healthy lending companies is in the best interest of Mintos. It is also very important for the individual Mintos investor. Therefore, the financial profile weighs the most in the risk rating. When Mintos assess the financial profile of a company, they look at many factors such as the ratio of non-performing loans the lending company has. They do also assess the profitability and the amount of debt of the lending company itself. These things are all important for you as an investor. This is due to the fact that if the lending company itself defaults, the buyback guarantees issued by it are no longer valid.

The risk appetite of the lending companies does also weigh a lot in the risk evaluation. Here, factors such as underwriting standards, market risk, and risk controls are assessed. All these things are also very important for investors, as poor underwriting standards can cause a lot of late loans and loan defaults.

Mintos does also take a look at the company profile. Here, factors like organizational structure, product offering, and market position are assessed. A better position in the market leads to a lower risk rating.

The management and strategy are also contributing to the Mintos rating. This is due to the fact that things like management experience, budgeting quality, and track record are also great indicators of the risk of a company.

Last but not least, the operating environment is also assessed. Here, Mintos takes a look at regulations and more. Effective regulatory institutions and law enforcement are viewed positively. 

5. Mintos mobile app

In December 2019, Mintos introduced a mobile app for iOS. Shortly after, in January 2020, the app was also released for Android. In months previous to that, a dedicated Mintos team had been working on making it easier for investors than ever to visit the lending marketplace.

Mintos P2P app

Since the release of the Mintos app, it has continuously been updated with more and more features from the Mintos website. However, to this date, you won’t be able to do all the things on the application which are possible on the web version of the investment platform. One example is that if you want to use the Mintos app, you must first sign up via the website.

6. Large investor benefits

If you invest over €50,000 with your Mintos account, you will be considered a pro-investor. The feature was added in 2018 to make it more attractive for large investors to invest in loans on Mintos.

Pro-investors get perks like having a personal Investor Service Associate connected to their account. They can use this associate to discuss any Mintos platform related questions over email or phone. Other benefits of being a large investor at Mintos are:

  • Early access to trying new features
  • Request custom made investment rapports
  • Top priority at Mintos customer support
  • Discuss Mintos related questions with a personal Investor Service Associate

If you want access to these large investor benefits, you’ll have to deposit at least €50,000 to invest at Mintos after you open an account on the platform.

7. Mintos invest and access

A newer feature on Mintos is Invest & Access. Introduced in June 2019, the feature has since experienced great interest from especially new investors at Mintos.

Below, you can see a comparison of Mintos Invest & Access vs Auto Invest vs manual investing:

Mintos invest and access vs auto invest

Mintos Invest & Access basically acts as an auto-invest strategy but allows investors to spend even less time managing their portfolio. A clear benefit over auto-invest is that you won’t have to continuously add new loan originators to your auto-invest strategy as they appear on the platform. By using Invest & Access, you will be diversified between all lending companies on Mintos. However, you won’t be able to cherry-pick or get advanced with Mintos Invest & Access.

At the same time, Mintos Invest & Access has an advantage over auto-invest strategies when it comes to cashing out on investments. This has been made easier and faster than ever before. That is why Mintos Invest & Access is an obvious choice for new investors who do not yet know if they want to have the money tied up on the platform for a long time.

So if you have never invested in P2P lending before, and want to try it out for the first time, without having to consider too many options, the best way to go from reading this Mintos review to start investing on the platform is probably by using the Invest & Access feature.

Who can use Mintos?

Both individuals and organizations can invest through Mintos.


If you want to invest as an individual, you must at least meet the following requirements:

  • Being at least 18 years old
  • Having a bank with AML/CFT equivalent to the EU
  • Getting your identity verified by Mintos

If you live up to these requirements, then you can start investing through the platform.


Whether you run a family trust, partnership, limited liability company or another type of organization, investing through Mintos is also possible.

The requirement is here, as with individuals, that your organization has a bank account and is registered in the EU or other countries considered to have AML/CFT systems equivalent to the EU.

Available countries

Just below you can see an overview of which countries currently have investors on Mintos. So if you live in one of the countries marked with blue, then it should be possible for you to invest through Mintos. If your country is not marked with blue, then it may still be possible for you to invest – and if so, you will be the first from your country on Mintos. If in doubt about whether you can invest, please contact Mintos through their contact information through this link.

How safe is Mintos?

To determine if Mintos is safe, we have taken a look at some of the potential upsides and downsides of investing with Mintos. However, when you consider the safety of Mintos, we don’t recommend that you rely solely on information found in our Mintos review as this is only based on our research. We always recommend that you also do your own research before investing any money.

1. Mintos profitability 

Mintos massive growth has contributed to it now being a profitable P2P lending business.

Already after 3 years in the market, Mintos turned into a profitable company with a net profit of €196,000 in 2017. Since then Mintos has continued its growth.

Since far from all P2P lending platforms are profitable, this is one of the biggest forces for Mintos and something that makes them attractive to investors. The fact that Mintos is a profitable company means that the platform risk is greatly reduced compared to other unprofitable platforms.

2. Main risks

In the following part of our Mintos review, we go through some of the main risks of using Mintos that we have considered:

Loan default risk

When you invest in P2P loans, there is a risk that the borrower will not be able to repay his loan. In that case, your investment is usually lost.

However, most loans at Mintos have a buyback guarantee that can secure you against this type of event.

The best way to hedge against loan default risk is to invest in many different loans. In addition, it may be a good idea to choose loans with a buyback guarantee.

Loan originators risk

The loan originators also pose a risk to investors. If they are not in control of their finances, have poor management or the like, then they run the risk of going bankrupt like any other business.

This is also one of the reasons why Mintos is conducting a due diligence check by the loan originators before being given the opportunity to put loans on the platform. Among other things, they review the management quality, underwriting policies, financial statements, and credit scoring. And even after being accepted on the platform, Mintos follows up with ongoing evaluations.

Although a thorough due diligence check and follow-up evaluation were conducted, the loan originator Eurocent ended in bankruptcy in 2017. This says something about the importance of diversifying between several loan originators.

Mintos bankruptcy risk

Of course, there is also a risk of Mintos going bankrupt. Like many other P2P investing platforms, Mintos has also created a procedure for what should happen in this case:

If Mintos goes bankrupt, then a liquidator or administrator steps in to help manage the investments.

To make sure things are distributed fairly, transaction data from Mintos is shared with the legal firm FORT on a monthly basis. So should it happen that Mintos folds, this data can be used to ensure that the loans are managed properly.

Financial turndown risk

As P2P investing is a newer thing of the investment world, it can be difficult to predict how a financial turndown would affect this form of investment. As a starting point, it is, therefore, a really bad idea to invest your entire investment portfolio in P2P investments.

Therefore, many investors also choose to diversify into more traditional forms of investment such as equities, bonds, and traditional real estate.

Since investing is an individual thing, we obviously do not know what will be best for you. But if you put together your investment portfolio, make sure that it reflects your knowledge of the investments in it, as well as your own risk appetite. If in doubt about how to do so, make sure to seek help from a professional investment planner.

Is Mintos safe?

As Mintos is a profitable company, there is less risk than on many of the unprofitable platforms. Mintos also has a professional approach to selecting loan originators for their marketplace and has even made measures against their own bankruptcy. With these things in mind, we believe that Mintos is among the safer platforms on the market.

However, other factors such as lack of knowledge about how a financial turndown will affect the P2P lending industry are also a risk factor that is worth considering.

Our experience with Mintos

We have only had good experiences with Mintos. Their entire sign-up process was pretty user-friendly and quick to get through, which is why we in a short time came to the point where we could start investing. This is among the reasons why we gave the platform a very good rating in this Mintos review.

Below you can see a screenshot taken from our account at Mintos:

12 percent net annual return

As you can see we have achieved a Net Annual Return of 12.02%. This is a result which we find attractive based on our risk/reward assessment of the platform.

Mintos reviews on Trustpilot

Trustpilot is a great place to learn what other people think of Mintos. We have collected some good, some average and some bad Mintos reviews from Trustpilot for you to take a closer look at:

1 star Mintos review on Trustpilot

3 star Mintos review on Trustpilot

5 star Mintos review on Trustpilot

Best Mintos alternatives

Not sure Mintos is the right choice for you after reading our Mintos review? Then there are also some good Mintos alternatives to consider. The following are some of our favorites:

Even if you use Mintos, it might actually be a good idea to take a closer look at some of the above platforms. By using multiple platforms, you can reduce your platform risk and diversify your portfolio further.

Conclusion of our Mintos review

We have been investing through Mintos for a long time – and have never experienced any problems.

Compared to many other platforms we have reviewed, Mintos is one of the most innovative and fastest-growing platforms on the market.

Although they are experiencing tremendous growth, they have consistently managed to maintain a high return for their investors. That despite the fact that many other platforms end up having to lower their returns as they grow. However, the Mintos business model allows them to outgrow most of their competitors.

As Mintos is also one of the few profitable platforms on the market, we also believe that our money is reasonably safe on their platform.

As a final note to this Mintos review, we would just say that if we had to choose only one P2P lending platform, then we would choose Mintos.