Latvian startup Mintos was named “Most Influential Startup” at the Spanish Fintech Awards 2018. The prize was awarded during the third annual Fintech Unconference, organised by Finnovating business strategy and investment consulting. Over 6,300 votes were registered for the award, with Mintos winning almost half of the votes.
The Fintech Unconference gathered the 100 most important CEOs and founders in the sector, 13 Presidents of Latin American Fintech Associations and representatives from financial supervisors looking for synergy and meetings with other industry players. Three other awards were also handed out with Goin winning “Most Innovative”, Revolut winning “Best Executed Business Model” and EthicHub winning “Startup with Most Social Impact”.
Mintos CEO and Co-Founder Martins Sulte: “We are so proud to win this award, which proves we have truly won the confidence of the public and our investors. Last year was an especially successful year for us, and such awards based on public support show that we are moving in the right direction.”
In more than three years since its establishment, Mintos has exceeded EUR 720 million in cumulative investments by investors and the company expects the amount of loans funded to reach EUR 1 billion by the end of the year.
The number of investors using the platform has reached 61 thousand as of May 2018 and the company expects to reach 100 thousand investors by the end of the year.
You can now invest in 11 currencies on Mintos as loans listed in the US Dollar (USD) are now available on the marketplace. This is thanks to GetBucks, which now also lists its Botswana-issued consumer loans in the USD, in addition to Euro (EUR).
“We enjoy offering investors the ability to diversify their portfolio, whilst at the same time ensuring our funding matches some of our external exposures. The addition of the USD to Mintos is a great way to achieve diversification for all parties,” says Tim Nuy, CEO of MyBucks.
GetBucks loans listed in USD will be the same as all Botswana-issued consumer loans on Mintos from the company. These loans are issued by three subsidiaries of the company, Cashcorp (Proprietary) Limited, GetBucks Botswana and TU Employee Benefits (Proprietary) Ltd (TU). On Mintos, Cashcorp offers investors short-term loans, whereas GetBucks Botswana and TU place their long-term personal loans for investment on the marketplace.
The average short-term Botswana-issued loan from GetBucks is USD 300, with a repayment period of 30 days. You can expect an average net annual return of up to 11%.
Botswana-issued long-term loans from GetBucks range from around USD 100 to USD 50 000 and the repayment period is from 6 to 36 months. The expected annual net return is up to 13%.
“The addition of the USD to our marketplace is a great achievement. One of our aims at Mintos is to give our investors many opportunities to achieve their investment goals. Now, investors have the opportunity to invest in 11 currencies on the marketplace- and this will only continue to grow. We hope investors will enjoy investing in loans listed in USD, which is the most commonly traded currency in the world,” says Martins Sulte, CEO and Co-founder of Mintos.
GetBucks offers a large range of products on Mintos, including consumer loans in Botswana, Poland and recently added investment opportunities in Kenya and Zambia. The company now offers loans for investment on Mintos in three currencies – EUR, Polish zloty and USD.