Mintos reaches 400,000 registered customers

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Mintos has reached another milestone with 400,000 registered customers, as it heralds the deployment of the vaccine and signs of an economic recovery.

Despite the Covid-19 crisis, 100,000 new users signed up on Mintos in less than a year.

The loan market is now reporting an average of 11,000 registrations per month – up from an average of 8,700 per month between April and December 2020, at the height of the pandemic.

However, that figure is still down from an average of 16,600 users per month who joined the market in the first quarter of 2020.

“In 2020, we were faced with the effects of the pandemic,” Mintos said. “The risks materialized almost simultaneously across geographies, loan companies, borrowers and our investors. In March 2020, we adjusted our strategy, shifting from expansion and growth to the sustainability of our operations and the day-to-day management of individual cases. “

As of this month 6.5 billion euros (5.6 billion pounds sterling) has been invested in loans in the Mintos market and investors have earned 148 million euros in interest.

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“With the rollout of vaccinations and the forecast for a market recovery in 2021, we have started to see growth in metrics on Mintos, including the number of new investors,” Mintos said in a blog post on its website.

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Mintos said its registered users in May came from 122 counties, most of which were from Germany, Spain and the Czech Republic.

This year it also saw more users from Belgium, Greece and Romania, and in May 2021 those countries pushed Denmark, Poland and Portugal off the top 10 list.

Read more: More women invested in alternative loans in 2020

The majority of Mintos users are between the ages of 18 and 29, followed by those between the ages of 30 and 40. In the first 30 days after joining Mintos, lenders invested an average of € 1,447, spread over 97 loans, the company said.

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