Gathering data

Mintos Review

Mintos Statistics

  • Business name: Mintos
  • Legal name: AS Mintos Marketplace
  • Jurisdiction: Latvia
  • Type: P2P platform
  • Average score:
    3.4 / 5
Promised annual return

12.4 %

Sneakypeer scoring




Secondary Info
  • Total invested: €9.2B
  • Buyback guarantee: Yes
  • Secondary market: Yes
  • Licensed: Yes
Loan Types
Business loans
Invoice Financing
Agricultural loans
Single payment loans
Car loans
Forward flow
Pawnbroking loans
Mortgage loans
Litigation finance
Instalment loans

Mintos Description

Board & Team

Mintos’ management team is built of experienced professionals, who have strong backgrounds such as in international corporation and finance. Key management members are coming from good academic backgrounds as well, such as INSEAD, Stockholm School of Economics Riga and Riga Business School. Mintos has about 200 employees, which are working in different teams.

Financial Analysis

Comparing the annual reports of 2019 and 2020, three main ratios are taken for financial analysis of Mintos. The quick ratio, which measures the company's ability to meet its short term obligations with its most liquid assets, it is clear that Mintos had a better quick ratio in 2019 compared to 2020. In 2020, the ratio is lower and it expresses liquidity problems. In other words, it shows that Mintos had much more current liabilities than current assets last year-2020. COVID-19 can be a reason for it, but can not 100% say that it was because of the pandemic. To study the return on assets ratio, there is not a big difference between the ratios of 2019 and 2020. The return on assets in 2019 was a bit better than 2020. Mintos needs to use its assets more efficiently to have higher returns on assets. Finally, the debt to equity ratio is a good indicator of a company's financial leverage. There is a significant increase in the debt to equity ratio of Mintos in 2020 - from 1.43 to 4.29. It can be said that Mintos as a financial institution tried to rely on financing its business by debt-actually the whole industry relies on debt/loans. To sum up, it can be said that Mintos’ financial health is not good because of its liquidity problems and lower return on its assets.

Platform’s Score and Uniqueness

The platform offers important features that can make the investment more easily and attractive to investors such as autoinvest, secondary market, withdrawals and buyback guarantee for the majority of loans. There were cases in which the loan originators went bankrupt. Some of the loans were recovered partly. The platform provides the loan books, annual reports and other important statistical figures, which makes the platform more transparent and trustworthy. The promised return is almost 13% on average, which is above market average return. The promised return is justified on the platform. Mintos has a cyber security specialist, which makes the platform more reliable and less risky.


Mintos, one of the biggest players in the P2P lending industry, is offering the opportunity to investors to invest in nine types of loan with the promised return of almost 13% annually. The platform offers essential features for making investing much easier and attractive such as autoinvest and secondary market. Mintos has close to 200 members and a quite experienced and professional management team.

General Information

Mintos is one of the key and big P2P players in Europe, which was founded in 2015 in Riga, Latvia.  Mintos also offers a mobile application Mintos app, which makes investing so simple and easily reachable. The platform has recently received its investment brokerage license. Due to its big market share, Mintos has way more loan originators than other platforms. Mintos has about 63 loan originators worldwide and a big number of those loan originators are Latvian ones such as Mogo Finance - or Eleving group. There is conflict of interest between some of the loan originators and Mintos’ ownership. Mintos provides information about its loan originators on its webpage. To date, more than EUR 8 billion has been invested through Mintos platform. The platform offers more than nine types of loan for investing in. Minimal investment amount in Mintos is just 10 euros.

Mintos Financials

Financial ratios

Debt to equity:
Quick ratio:
Return on assets:


Intangible assets
Fixed assets
Long term investments
Short term investments


Long term debt
Short term debt