Alternative investment platform Mintos launches crowdfunding campaign

By Megha Bhattacharya

European alternative investment platform Mintos has launched its first crowdfunding campaign. The round will begin in the second part of November and will be done through the equity-based crowdfunding platform, Crowdcube. Mintos has raised €7 million from angel investors, funding most of its growth by revenue, until now.

“Demand for alternative investments has grown, since the interest rates on deposits have been persistently low and equity markets have become crowded—leaving retail investors with very few good options,” said Martins Sulte, CEO and Co-Founder at Mintos.

“In the past, when retail investors did look at alternative investments, they often found that these came with high minimum investments and high fees that kept them out of the mass market. Current demand is for modern solutions that are both accessible and not correlated with traditional assets. Mintos goal is to offer loans as a new alternative investment type, fitting retail investor needs.”

The company stated that it will soon become a fully regulated marketplace. It said in its press statement, “Acquiring both the Investment Firm and the Electronic Money Institution licenses will increase transparency and allow to significantly expand investor base, as well as introduce new products and functionality.”

“Our investor community has played an important role in our success so far—we appreciate it very much, as it constantly drives us forward and allows us to come up with innovative new solutions,” said Mr Sulte. “To say thank you, we have allocated a limited part of this round for crowdfunding and give investors on Mintos an opportunity to become a part of our growing company.”