Mintos has reported notable growth while also reaching profitability over the past year, driven by strategic expansions in product offerings and a strong emphasis on customer engagement and satisfaction.
The multi-asset investment platform, which offers a mix of alternative and traditional investment options, saw revenue increase by 30% to reach EUR 11.4 million in 2023, up from EUR 8.8 million in 2022.
The platform also reported a net profit of over 650 thousand, demonstrating an improvement from the loss of EUR 196 thousand in 2022.
By year-end, assets under administration reached more than EUR 600 million as the broker’s successful expansion saw the platform’s investor base span Europe, with key markets including Germany and Spain.
Mintos added fractional bonds and ETFs, real estate, and Smart Cash
It was in 2023 that Mintos transformed into a multi-asset investment platform, introducing Fractional Bonds and ETFs alongside its core business of investing in loans.
This year, the platform kept expanding its selection of products and added rental real estate and Smart Cash as the retail brokerage aims to become the preferred platform for long-term investors in Europe.
To fuel growth, Mintos launched their second crowdfunding campaign with Crowdcube in April 2024, securing EUR 3.1 million. This campaign holds the position of the second largest crowdfunding campaign on Crowdcube for the year so far.
Mintos launching in Portugal and the Czech Republic
In Q3 2024, Mintos will be expanding its presence with official launches in Portugal and the Czech Republic and is on track to complete its rollout across all European markets by the end of the same quarter.
Martins Sulte, CEO of Mintos, expressed, “2023 has been a transformative year for Mintos, as we expanded beyond our core offering of investing in loans to become a comprehensive multi-asset investment platform.
“Our financial results reflect the strength of our business model and our commitment to providing the best investment solutions for long term investors. We remain dedicated to growing our platform and expanding in new markets to meet the evolving needs of our investors.”
The platform emphasizes investor protection, offering up to €20,000 coverage under the EU Directive 97/9/EC’s investor compensation scheme. This scheme acts as a safety net, compensating investors for a significant portion of their net loss, should Mintos fail to return financial instruments or cash to investors.
Mintos launched curated ETFs and high-yield fractional bonds
It was in December 2023 that the prominent multi-asset platform launched Exchange-Traded Funds (ETFs), shortly after the successful launch of high-yield Fractional Bonds, further diversifying the platform’s offerings.
The introduction of personalized ETF portfolios marks a significant advancement for Mintos. These portfolios are designed for long-term, diversified investments and are offered with zero commissions. This new feature allows investors to tailor their investment strategies to align with their individual financial goals and risk tolerance.
A survey conducted by Mintos, involving 1100 customers, revealed a strong interest in ETFs among its clientele. An impressive 80% of respondents who had not yet invested in ETFs indicated their intention to do so in the near future. This statistic underscores the growing popularity and demand for ETFs as an investment category.
One of the primary challenges facing potential ETF investors, as identified in the survey, is a lack of knowledge. Many individuals feel overwhelmed by the array of investment choices, the complexities of tax implications, and the overall investment process. Additionally, the intricate and often opaque fee structures of many investment platforms have been a source of concern for investors looking for transparent and trustworthy options.
The ETF offering from Mintos includes a range of features designed to ease the investment experience. The platform has curated personalized ETF portfolios with renowned providers like Amundi, iShares, JP Morgan, and Vanguard. These portfolios are tailored to different risk levels, automatically adjusting the balance of bond and stock ETFs to meet specific investment objectives.
Mintos has set a low minimum investment threshold of just 50 EUR and offers the service without any fees. This approach enhances accessibility, allowing investors of all capacities to develop a flexible and diversified investment strategy. Additionally, Mintos supports tax-efficient rebalancing, automatically selecting tax-optimized ETFs and adjusting portfolio allocations as investments grow, further enhancing the appeal of its investment platform.
