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Mintos review 2020

Check out our Mintos review, and see if the platform is for you.

Review of Mintos


We find the return compared to the safety favorable.

Beginner Friendly

The Mintos marketplace is very beginner-friendly.

Investor Protection

Mintos has made a lot of safety measures.


Investors get an average return of 11.78%.

We Like

  • No investment fees
  • Good diversification opportunities
  • Huge quantity of loans available
  • Possible to use auto invest
  • Secondary market is available

We Don’t Like

  • Fee for currency exchange

Summary: Mintos is one of the absolute best P2P platforms for both the beginner and the experienced investor. On the platform, you get some of the best opportunities to diversify your portfolio in the whole P2P lending industry – and with an average return of 11.78%, there are long between platforms in that league. We understand Mintos’ popularity among its investors.

You will get a 1% bonus on your investments the first 90 days

Last updated: January 2, 2020

Mintos review 2020 – How safe is Mintos?

There has recently been a lot of buzz around the European P2P lending platform Mintos. Therefore, we decided to find out how secure the platform really is for its investors.

So if you are considering investing through the platform, we highly recommend that you read this Mintos review carefully. Because in the review, we will make our best assessment of how secure the platform is, as well as including some tips and tricks.

We have even invested through the platform for an extended period of time, in order to make the best Mintos investing review possible.

Attention: We have made an agreement with Mintos, which means you can get a 1% bonus on all the investments you make during the first 90 days you use their platform. All you need to do to benefit from the bonus is to sign up for their platform with one of the links here in our Mintos P2P review. At the same time, you support our site.

This review ended up being quite long. So if you are in a hurry, you can use the navigation below to find answers to what you want to know more about. Of course, you can also choose to read the review from A-Z. But as you read, please be aware that this review is based on our own Mintos experience, and should not be considered financial advice.

Learn about the following in our Mintos review:

What is Mintos?

Mintos is one of Europe’s largest P2P lending platforms. Since entering the crowdlending market at the beginning of 2015, they have now grown to be the largest platform of its kind. At the time of writing, they have over 235,000 registered investors from 68 countries.

They have offices in several continents, from which more than 50 people are employed. However, they are constantly expanding their business and hiring more people to meet the demand for their product.

Award-winning platform

Within fintech things are moving fast, but here Mintos is not idling. They are constantly making improvements for investors, while adding new loan originators and features to the platform.

It is probably also one of the reasons why Mintos is an award-winning platform. Among other things, they have won the Altfi People’s Choice Award in both 2016, 2017, 2018 and 2019:

Mintos peoples choice award 2016
Mintos peoples choice award 2017
Mintos peoples choice award 2018
Mintos peoples choice award 2019

In less than 3 years after their launch, Mintos managed to become a profitable P2P lending marketplace. Part of their great success can probably be imposed on their ability to solve some of the scaling problems other crowdlending platforms often enter.

Unlike some other P2P platforms, Mintos works by simply being a marketplace that connects loan originators and investors. This makes it a lot easier for them to scale, as they are not issuing the loans themselves.

Mintos independent review

The fact that Mintos’ platform is very scalable is good for you. This means that the platform will most likely not run out of lucrative investment opportunities in the near future.

Excellent platform for diversification

The fact that Mintos uses a wide range of loan originators instead of issuing the loans themselves means that they now have a platform with many different types of loans, in many geographical locations, issued in different currencies, from many different loan providers.

Mintos offers loans in the following areas:

  • Car loans
  • Mortgage loans
  • Personal loans
  • Short-term loans
  • Invoice finance
  • Business loans
  • Agricultural loans

This means that on the platform you get a unique opportunity to diversify your portfolio as broadly as you want within the loans space.

So if you are looking for a great platform to diversify your investments, and thereby lowering your overall portfolio risk, Mintos is indeed a splendid choice.

What rate of return can you expect?

The average net annual return for investors on the platform is around 11.78%. Since this is what investors receive on average, you can reasonably expect the same return rate.

But that’s just the average. If you have a higher risk appetite, it is also possible to choose loans with different local currencies with the possibility of higher returns.

The return you can get at Mintos is very much in line with what you can find at similar competitors like FAST INVEST, Grupeer and PeerBerry.

Do you have an even higher risk appetite? Then you might want to check out our Crowdestate review. At that platform, it is possible to invest your money with an even higher average net annual return. You invest in real projects that develop the world. However, the risk is also slightly higher than with Mintos.

Who can invest via Mintos?

It is both possible for individuals and companies to invest with Mintos. This makes the platform an obvious choice whatever the structure of your economy is.


As an individual, there are a few, but clear rules for what it takes to enable you to invest through the platform:

  1. Minimum age of 18 years
  2. Bank with AML / CFT equivalent to the EU
  3. Successfully verified your identity by Mintos

If you live up to the above requirements as an individual, you can invest through the platform.


If you would like to invest as a company, this is also possible. Here, the requirement is also that you must have a bank account in the European Union, and that your company is registered in the EU or third countries that have AML / CFT systems similar to those found in the EU.

From where can I invest?

Because there are very few requirements to be allowed to invest through the platform, it is possible for the vast majority of people to invest via Mintos. Below you can see a map of which countries the current investors are from. This will give you a good indication of whether or not it’s possible for you as well:

Registered investors

As you can see, Mintos is an almost world-wide platform with users spread all over the world. So most likely, also you can reap the benefits of using Mintos.

If the map is not marked with investors in your country, it does not necessarily mean that it is not possible for you to invest through the platform. As from time to time investors come from new countries to the platform, you may be the first investor in your country.

Would you like to sign up as a Mintos investor? Then remember that you will get a 1% bonus on the investments you make in the first 90 days if you use any links here in our Mintos review. To claim your bonus, please click the button below:

Is Mintos safe to use?

Whether Mintos is safe to use depends primarily on 4 things: How secure the platform is, how secure the investments are, how secure the Mintos loan originators are, and how secure the company is. In the following we will take a look at what measures have been taken to protect you as an investor:

How safe is the platform?

As the first security-related thing in this Mintos review, we have taken a good hard look at how secure your account really is.

Two-factor authentication

We have looked at is whether or not it’s possible for you to activate two-factor authentication on your account. Here we found that you can use the Google Authenticator app or other apps that are compatible with Google Authenticator.

Two-factor authentication can help to protect your account against unauthorised access to your account, phishing attacks, and many other cybercrimes. When you have activated two-factor authentication, people who could have your password must also have access to your phone in order to log in.

The two-factor authentication security of your account is not mandatory. This means that it’s up to you to decide how easy you, but also potential intruders, should be able to access your account. We highly recommend activating two-factor authentication on your account for maximum security. If you activate two-factor authentication on your account, we believe that your account is fairly safe.

To activate two-factor authentication on your Mintos account, you should just go to your accounts security settings. Here you can choose to enable two-factor authentication. The process is described clearly so it’s actually easily done.

How safe are the investments?

In this Mintos marketplace review, we also want to address what measures the company has made, in order to protect you as an investor, in regards to the alternative investments you can make on the platform.

Loan originator risk

Loan originators carry a potential risk for investors if their company lacks in management, finance, etc. Therefore the Mintos risk management team always perform a complete risk assessment of any loan originator wanting to join their platform.

In their due diligence process of the loan originators, they perform a thorough analysis of the management quality, credit scoring, underwriting policies, financial statements, etc. And even if the loan originator gets accepted by Mintos, the loan originator will continuously be evaluated.

The loan originator risk management isn’t, however, bulletproof, as a case with Eurocent proved in 2017. Here Eurocent actually ended up in bankruptcy. It is therefore important for us to address the importance of diversifying between several loan originators.

Skin in the game

Another thing that Mintos practice to protect their investors is to let every loan originators have skin in the game. This means that if a loan originator has €1,000 in loans that they would like to have issued to investors, they must, for example, keep 10% themselves. This means that they can issue loans of €900 to investors while having to keep a €100 stake in the loans themselves. So in case of loans default, the loan originator also stands to lose money.

In this way, it is ensured that there is no conflict of interest between the loan originators and investors.

What happens if a loan originator goes bankrupt?

It is quite unlikely that all the loan originators will continue to do business without problems. Therefore, it is important that you diversify between them. Fortunately, Mintos has in recent years added new loan originators at a fast pace. So there should be plenty to choose from.

Our advice: Diversify between a lot of loan originators.

Since its inception in 2015, Mintos has only had problems with one loan originator called Eurocent. The company first encountered problems after just 4 months on Mintos platform. Since then, Eurocent actually ended up in bankruptcy.

But in spite of the bankruptcy over half of the invested principal has been recovered for the investors. You can learn more about Eurocent on Mintos blog.

The case with Eurocent very well portrays the importance of investing in loans from more than just a provider. It also shows very well that even though there are buyback guarantees on the loans, the guarantee is only as good as the company behind.

But let’s say that you diversify equally between 40 loan originators. Then the maximum loss of one loan originator going bust is 2,5% of your overall portfolio. But in the case of Eurocent, over half of the invested principal was recovered. This means that if you had Eurocent loans amongst the 40 loan originators, your overall portfolio loss would have been around 1,25%.

What happens if Mintos goes out of business?

Since Mintos has been profitable since 2017, it is fairly unlikely they go out of business anytime soon. Of course, there is always a small risk of it if something unexpected and unforeseen happens.

So as a part of assessing how safe Mintos is, we have taken a look at what happens in the worst-case scenario of Mintos folding:

If Mintos goes out of business, investors on the platform will get full insight into which transactions have been made on the P2P lending marketplace. As a measure, transaction data is sent to the law firm FORT every month. Upon an unlikely bankruptcy from Mintos, this data will then be used to ensure that the loans are being managed properly by a liquidator or administrator.

What you can do to invest safely

Although Mintos has made many efforts to secure their investors, it is also important that you do something yourself. The following points are quite essential to avoid a single point of failure and to protect yourself as an investor:

  1. Invest in loans with buyback guarantee
  2. Diversify between loan originators
  3. Diversify between loan types
  4. Diversify between loans

In essence, it’s a great idea to invest in some of the many loans with a buyback guarantee. This means that if the borrower can’t repay the loan, the loan originator has to step in and buy back the loan themselves. Furthermore, you can secure yourself making fractional investments in several loans from different geographical locations, currencies, loan types, from many different loan originators.

It might sound like a big mouthful to do all that, but the Mintos auto invest function makes this really easy.

So, depending on how you use the platform, it’s relatively safe.

Bonus tip: We tried to switch from one currency to another on the platform. It costed a semi-expensive exchange fee. It can, therefore, be a good idea to transfer money to the platform in the currency that you intend to invest with.

Can I get a Mintos promo code?

At the moment we can’t seem to find a Mintos promo code. However, we have made an agreement with Mintos. The agreement gives you a 1% referral bonus when you sign up and invest with Mintos via our site.

So instead of using a Mintos promo code, you can sign up with any referral links from our site to their. If you do that, you will receive a bonus of 1% of the amount that you have invested during the first 90 days.

Would you like to claim the bonus? Then press the button below to activate your bonus. If you sign up with that link, or any other link in this review, you will get a 1% bonus on the investments of the first 90 days:

Set up a Mintos auto invest strategy

One of the better things about Mintos is definitely their autoinvestment feature. Using that feature, you can create a Mintos auto invest strategy, which allows you to invest in loans without spending much time on actually handling your P2P investments on a daily basis.

Our advice: Set up a Mintos auto invest strategy to select loans instead of cherry-picking loans on either the primary or secondary market. Your time is probably better spent elsewhere instead of chasing chicken feed.

You can either use one of the predefined Mintos investment strategies or make a custom one for yourself. The default Mintos investment strategies include a short-term strategy, a diversified strategy, and a secured loan strategy. You can find more information about the strategies on their website.

Predefined Mintos investment strategies:

Predefined Mintos investment strategies

The easiest choice is clearly to go with one of the predefined strategies. We actually recommend that you start by selecting one of the strategies you think fit your investment criteria the best.

After selecting the strategy, you can decide which currency it should invest in, whether it should reinvest and how much it should invest. Furthermore, you can make adjustments to the strategy by clicking “View Auto Invest strategy criteria” to make it fit perfectly to your wants and needs. But since you initially choose the auto investment strategy that fits you the best, you probably don’t have to make a lot of changes.

How we decided to invest

You might wonder how we choose to invest, and what our return using the platform is. Therefore we are going to give you insight in regards to our investment at Mintos.

Firstly we decided to set up a custom Mintos auto invest strategy. But instead of building the investment strategy from scratch, we actually went with the predefined diversification strategy made by Mintos. We did, however, make some tweaks to the strategy. For example, we excluded all loans without a buyback guarantee, as well as raising the minimum interest rate a bit.

Our investment efforts for making this Mintos investing review resulted in the following numbers:

Mintos review return

As you can see from our account statement, we managed to get a weighted average interest rate of 12.23%, with a weighted average remaining term of 15 months and 29 days.

We believe that the interest rate you get from Mintos definitely is worth. Especially in relation to the risk you take. Therefore, we also keep our auto invest strategy running for now.

Conclusion of our Mintos review

We believe that the Mintos platform is reasonably secure. However, you must be aware of having to activate two-factor authentication yourself. In addition, the security on the platform also depends on how you invest your money on it. But as long as you have your diversification in order and also only investing in buyback guarantee loans, you will probably have a good and lucrative investment experience with Mintos.

To conclude our Mintos Peer-to-Peer review, we want to address the fact that Mintos at the moment is the absolute best platform we have ever tested. So whether you are a complete beginner to P2P investing or a P2P lending expert, Mintos offers one of the very best P2P lending marketplaces in the world.

Do you feel ready to invest through the platform after reading our Mintos P2P review? Then click on the button below to get to their website. Note that it is an affiliate link. This means that both you and we get a bonus when you sign up for the platform and start investing in P2P loans: