664000
investors
Mintos is a Latvian investment platform, running since 2015, where you invest in loans made by lending companies in Europe, Central Asia, Latin America and South-East Asia. You do not lend to the borrowers yourself. You buy Notes: securities issued by Mintos-owned companies, whose payments depend on loans made by a third-party lending company. €13.1 billion has been invested through Mintos so far (October 2026), and the group had 664,000 registered users and €795 million under management at the end of 2025. Mintos also offers bonds, ETFs, property and a money market product; this record covers the loans.
A lending company makes consumer, car or business loans. Mintos turns slices of those loans into Notes and you buy them from €50, by hand or through automatic portfolios (Core Loans or Custom Loans). Your payments come from the lending company, so the company you really depend on is the lending company, not the borrower. In October 2026 the live loan book of €556 million was spread across 34 lending companies.
The loans currently out pay an average interest rate of 10.33% a year (weighted by amount, 26 October 2026). That is the rate written in the loan contracts, not what investors received after losses: Mintos publishes no current return after losses. The home page advertises 9.2% a year for Core Loans, the average rate on the loans on offer (October 2026), and up to 2.5% on idle cash in Smart Cash. Independent tracking of investor portfolios points to about 10.8% a year across all years and 10.0% over the last twelve months (August 2026). In 2020, when several lending companies failed, investors' returns after losses fell to about 2.4%.
Mintos does not publish a single default rate. Its statistics show two things. First, money that is formally lost: €12.4 million written off as bad debt, about 1.67% of the €746.5 million investors currently have at stake, calculated from the platform's own figures (24 October 2026). Second, money that is stuck: €183.3 million, about 25% of that amount, sits with lending companies that stopped paying and is "in recovery". That money is not counted as lost, but it has not come back either, and some of it dates from 2020 to 2022. Mintos publishes no recovery rate. A lending company counts as defaulted when its cash flows cannot cover what it owes, when it enters insolvency, or when no restructuring is agreed within 180 days of suspension.
Loans at the lending companies that are still paying look healthier: 3.3% of their €557 million was more than 30 days late or in default on 24 October 2026, calculated from the platform's own figures.
Most of the loans are unsecured: personal loans make up €257 million of the €557 million live book. Car loans (€54 million) and mortgages (€11.6 million) are secured on the car or the property. What protects you on almost every Note (99.8% of the live book on 26 October 2026) is a buyback promise: the lending company must buy back loans that fall far behind. That promise is only as good as the lending company. When a lending company fails, its buyback fails with it and your money moves into recovery.
So the real question is how strong and how spread out the lending companies are. The live book is spread over 34 of them: the largest, MFO OnlineKazFinance, holds 13.2%, then Sun Finance 12.2%, Jet Finance 7.6%, Imagina Leasing 7.0% and ESTO 6.9%, so the top five hold 47%. By country, Kazakhstan has 20.8%, Latvia 13.9%, Mexico 11.5% and Indonesia 8.7%. Mintos scores each lending company with its own risk score. Only about 38% of the lending companies publish audited accounts (August 2026). The €183.4 million in recovery comes from lenders that failed: 35% of it (€63.5 million) is Nera Capital, then Kviku 21%, Wowwo 10% and MFO FintechFinance 9% (26 October 2026). Recovery costs and Mintos's fees are taken out of any money recovered before it reaches you.
The Notes have no credit enhancement or liquidity support and are not bank deposits. The investor compensation scheme of up to €20,000 covers Mintos itself failing to return your money or securities. It does not cover a lending company or borrower defaulting.
AS Mintos Marketplace holds a Latvian investment firm licence (no. 06.06.08.719/534, granted in August 2021) and is supervised by Latvijas Banka, the Latvian central bank. Payments run through Mintos Payments SIA, a licensed electronic money institution (no. 06.12.04.723/535). The Notes are issued by 58 Mintos-owned companies (Mintos Finance No. 1 to No. 58 SIA) under a prospectus approved by the Latvian regulator on 4 July 2022. Since early 2025 the parent, AS Mintos Holdings, is supervised as a group. No regulator action against Mintos has been found.
Automatic loan portfolios cost 0.39% a year (Core Loans) or 0.29% (Custom Loans); Smart Cash costs 0.19% a year and the bond portfolio 0.39%. Selling on the secondary market costs 0.85% of the sale price; buying is free. Currency exchange starts at 0.50%. Bank transfers in are free; card, Apple Pay and Google Pay deposits cost 2%. A one-off €50 review fee applies to company accounts and some investors living outside the EU, EEA or Switzerland. After 360 days with no activity and no holdings, €4.90 a month is charged. Recovery costs are deducted from money recovered (fee page updated 1 October 2026).
Loans repay on their own schedule; to leave earlier you sell your Notes on the secondary market for a 0.85% fee. It is busy: €469 million sold in 80 million trades, with 84% of investors using it (October 2026). But it stops working when you need it most. Notes of a lending company that has stopped paying cannot be sold; in May 2026 Nera Capital Notes found no buyers even at a 30% discount.
Return: High — loans currently pay 10.33% a year on average, a contract rate rather than a measured return. Risk: High (higher means more risk) — only 1.67% of current exposure has been written off, but about a quarter is stuck in recovery with no published recovery rate, and Nera Capital stopped paying in 2026 with over €61 million at stake. Risk-return: Medium — the return is fair for the risk as long as the lending companies keep honouring their buybacks; the book is spread across 34 lenders, the largest at 13.2%, which limits the damage from any single failure.
License / Regulation: AS Mintos Marketplace is a licensed investment firm (licence no. 06.06.08.719/534, granted August 2021) supervised by Latvijas Banka. The group parent, AS Mintos Holdings, has been supervised on a consolidated basis since early 2025. The Notes are issued by Mintos-owned companies under a base prospectus approved by the Latvian regulator on 4 July 2022. An investor compensation scheme covers up to €20,000 if Mintos itself fails to return money or securities; it does not cover lending-company or borrower defaults.
Yes. AS Mintos Marketplace is a licensed investment firm supervised by Latvijas Banka (licence no. 06.06.08.719/534, since August 2021), and the Notes are issued under a prospectus approved by the Latvian regulator. The licence covers how Mintos runs the platform; it does not make the lending companies any stronger.
Cash waiting in your account is handled by Mintos Payments SIA, a licensed electronic money institution, and kept apart from Mintos's own money in safeguarding accounts at EU-licensed banks and in money market funds. Once invested, your money is lent on to lending companies through Notes.
€50 per Note for loans. ETFs start at €1 and crypto products at €5.
Loans currently pay 10.33% a year on average (October 2026), before losses. €12.4 million has been written off, 1.67% of current exposure, but €183.3 million, about a quarter, is stuck with lending companies that stopped paying. Mintos publishes no current return after losses; in 2020 investors' returns after losses fell to about 2.4%.
Mostly a buyback promise from the lending company, which covers 99.8% of the live book. It works only while that company can pay. Most loans are unsecured personal loans; car loans and mortgages, a small part of the book, are secured on the asset. The €20,000 compensation scheme covers Mintos failing, not a lending company.
Yes, by selling Notes on the secondary market for a 0.85% fee; €469 million has been sold there so far. Notes of a lending company that has stopped paying cannot be sold: in May 2026 Nera Capital Notes found no buyers even at a 30% discount.
0.39% a year on Core Loans and 0.29% on Custom Loans, 0.85% to sell on the secondary market, 2% on card deposits, currency exchange from 0.50%, and €4.90 a month after 360 days of inactivity. Recovery costs come out of any money recovered.
If a lending company fails, its buyback fails too: your Notes stop paying, move into recovery and may come back late, in part or not at all; recovery costs are paid first. If Mintos itself fails, client money is kept separate and the compensation scheme covers up to €20,000 of money or securities Mintos cannot return.
Nera Capital, a lending company on Mintos, stopped paying interest in April 2026 and missed a capital repayment due on 20 May 2026, with over €61 million of investors' money at stake. Its Notes are in recovery; restructuring terms had not been published by September 2026. On 26 October 2026 it made up 35% (€63.5 million) of all money in recovery on Mintos.
