What are the best alternatives to Mintos [my 7 sexiest picks ✔️]

mintos-alternative-p2p revenueland

Focusing too much on a single P2P lending marketplace is never a good idea

…even if that P2P is Mintos

There are good alternatives to Mintos nowadays but there are things I wanted to know before choosing my next P2P platform

 


At the end of this short read you will know why, if & how to add more P2P lending Platforms to your Mintos portfolio Click To Tweet

How to find good supplements to Mintos?

Here is my answer.


grupeer revenueland

⭐️⭐️⭐️⭐️⭐️
14%

Early exit

🔜


Automations


safety nets


One click investing

🔲

Know more
peerberry-logo-revenueland

⭐️⭐️⭐️⭐️
12%

Early exit

🔲


Automations


safety nets


One click investing

🔲

Know more
why and how to use bondora

⭐️⭐️⭐️⭐️
up to 15%

Early exit


Automations


safety nets

🔲


One click investing

Know more

⭐️⭐️⭐️⭐️⭐️
12%

Early exit


Automations


safety nets


One click investing

🔲

Know more

⭐️⭐️⭐️⭐️
up to 18%

Early exit


Automations


safety nets


One click investing

🔲

Know more
estateguru-logo

⭐️⭐️⭐️⭐️⭐️
12%

Early exit


Automations


safety nets

🏠


One click investing

🔲

Know more
Alternatives-Mintos-P2P revenueland

 

Grupeer Vs. Mintos 𐄷

Motto: “Invest your money wisely”

The first alternative I can consider valid as much as Mintos is Grupeer.

Why using Grupeer along with Mintos?

Grupeer:

  1. Rather similar business model
  2. Max return 15%
  3. Very similar to Mintos, easy to start and easy to use

More facts:

BuyBack ➡ YES ✅
Auto-invest ➡ YES ✅
Early exit ➡ NO
Number of investors: 20.000
Is it growing? YES ✅
Country: Latvia

Average interest rate: 14% ✅

Grupeer has many things in common with Mintos, also some loans originators.

What else Grupeer and Mintos have in common:

  • Buyback guarantee
  • Business model (loans marketplace)
  • Low minimum investment (10€)
  • Country (Latvia)

Where Grupeer is better than Mintos:

  • Interest yield is much higher on Grupeer (14%)
  • Grupeer has more real estate loans (diversification type)
  • Grupeer has more business loans (diversification type)
  • Some Grupeer loans are asset-backed or real estate backed
  • Grupeer still offers huge Cashback campaigns (to boost returns)
  • Some loans have a shorter buyback period (Mintos is fixed to 60 days)
  • All loans pay interest on delayed payment

⬇️

Nice to know:

This month Grupeer also started to offer new investors a 1% cashback.

Some real estate projects on Grupeer feature a webcam on the worksite to see the building progress live!

⬇️

My two cents:

Grupeer is small, young but fast-growing. If they improve transparency they will very soon be sitting among the most established platforms in Europe.

Visit Grupeer by yourself

A second supplement to Mintos can be Peerberry

Motto: “Investing made simple”

Why using Peerberry along with Mintos?

Peerberry is:

  1. Quite big (145.000.000€ of loans issued)
  2. Max return 13,7% (is a lot)
  3. Similar business model

More facts:

BuyBack ➡ YES ✅
Auto-invest ➡ YES ✅
Early exit ➡ NO
Number of investors: 10.000
Is it growing? YES ✅
Country: Latvia

Average interest rate: 11.21% ✅

⬇️

Nice to know:

Most Peerberry loans are originated by Aventus ( a big financial company), 2009  located in 7 countries, 550 professionals worldwide.

⬇️

My two cents:

If I was the kind of investor that fears some P2P platform can disappear with my money I think Peerberry is an option, because it has a rather safe and old background. (as you know, 100% safe don’t exist, but let’s try to find the best risk/reward!)

Visit Peerberry by yourself

Another substitute to Mintos can be Bondora

Motto: “Your money deserves more. Reach your potential with Bondora”

Why using Bondora along with Mintos?

Bondora is:

  1. One of the oldest P2P websites (founded in 2009)
  2. Among the biggest P2P (280.000.000€ of loans issued)
  3. Max return 79% (virtually)
  4. Extreme automation (go and grow 6,75%)
  5. 1-click investing automation somehow similar to Mintos “invest & access”

More facts:

BuyBack ➡ NO
Auto-invest ➡ YES ✅
Early exit ➡ YES 
Number of investors: 70.000
Is it growing? YES ✅
Country: Estonia

Average interest rate: up to 15% ✅ (Portfolio Pro)

⬇️

Nice to know:

70% of new Bondora users prefer the Go & Grow 6,75% automation

What is the difference between Mintos and Bondora 1-click investment systems:

  • With Bondora “Go & Grow” all the money is instantly available
  • With Mintos “Invest & Access” only 80% is ready available

⬇️

My two cents:

Avoiding high-risk loans is easy but mandatory for me. Reward with Bondora can be higher than most platforms.

Visit bondora by yourself

On more side option to Mintos may be IUVO

Motto: “Your journey to profit”

Why using IUVO along with Mintos?

IUVO:

  1. Founded in 2016
  2. 90.000.000€ of loans issued
  3. Max return 15%

More facts:

BuyBack ➡ YES ✅
Auto-invest ➡ YES ✅
Early exit ➡ YES 
Number of investors: 16.000
Is it growing? YES ✅
Country: Bulgaria/Estonia

Average interest rate: up to 12% ✅

⬇️

Nice to know:

Loans available in more countries and more currencies

The most detailed information about the single borrowers are available (even more than Bondora)

⬇️

My two cents?

IUVO is used by the most advanced investors in Europe. There must be a reason.

Visit IUVO to compare

On more way to complement Mintos is NeoFinance

Motto: “Let your money work for you”

Why using NeoFinance along with Mintos?

NeoFinance:

  1. Founded in 2016
  2. 41.000.000€ of loans issued
  3. Max return 24%

More facts:

BuyBack ➡ YES ✅
Auto-invest ➡ YES ✅
Early exit ➡ YES 
Number of investors: 9.000
Is it growing? YES ✅
Country: Lithuania

Average interest rate: up to 18% ✅

⬇️

Nice to know:

Additionally to the optional buyback, investors can sell their investments for 50-80% of their face value to NEO Finance

Lithuanian loans Risk / reward ratio is one of the highest in Europe.

8+ years of experience in delinquent loans recovery. 65% of debts have been collected within two years.

⬇️

My take?

NeoFinance may be a bit more complex to set up for higher yields (without the Buyback I mean) but it can be potentially very rewarding.

Visit neofinance by yourself

Diversifying Mintos with real estate crowdfunding Crowdestate

Motto: “Invest in carefully selected and pre-vetted real estate investment opportunities across Europe”

Why using Crowdestate along with Mintos?

Crowdestate:

  1. Founded in 2014
  2. 77.000.000€ of loans issued
  3. Max return 18%

More facts:

BuyBack ➡ NO
Auto-invest ➡ YES ✅
Early exit ➡ YES 
Number of investors: 39.000
Is it growing? YES ✅
Country: Estonia

Average interest rate: up to 18% ✅

⬇️

Nice to know:

Live chat available (..that works)

95% of the deals are rejected by Crowdestate

1 new deal per week on average is offered (and growing)

⬇️

My take?

Crowdestate is a smart way to be involved in the real estate business without the hassle of the real estate business. The higher risk loans bring high risk (what a statement…sorry).

visit crowd estate by yourself

Diversifying Mintos with real estate crowdfunding EstateGuru

Motto: Bridging the Gap in Property Finance

Why using EstateGuru along with Mintos?

EstateGuru:

  1. Founded in 2013
  2. 160.000.000€ of loans issued
  3. Max return 12%

More facts:

BuyBack ➡ NO
Auto-invest ➡ YES ✅
Early exit ➡ YES 
Number of investors: 33.000
Is it growing? YES ✅
Country: Estonia

Average interest rate: up to 12% ✅

⬇️

Nice to know:

ALL loans on EstateGuru are property backed.

93% of the deals are protected by a first-rank mortgage

⬇️

My take?

EstateGuru is as transparent as Mintos. I feel very safe investing here even if I know real estate crowdfunding, like every investment, comes with a risk.

visit estate guru by yourself

How much to invest in peer to peer websites like Mintos?

I never answer “it depends” if it not necessary.

“It depends” is not an answer, right?

…but in this case, it depends “a lot”, and I am a simple investor, not your financial consultant.

Asset allocation is a complex topic and DIY investors should collect information on how to invest and how to allocate their funds as early as possible also to take advantage of compound interest.

I have chosen for myself not to exceed 20% of my assets invested wisely in P2P. This may change in the future since my asset allocation is always evolving.

Even if Mintos is in the top 9 P2P lending platforms from RevenueLand I strongly believe it is wise to have side options.

Many more side options are available to UK residents. Even if they are temporary not allowed to invest on Mintos, they have a wide choice of big and established P2P platforms in GBP and huge tax-free investment programs (IFISA).

Good news:

Adding P2P investments to my global portfolio is lowering the overall volatility and it is also supposed to lower the risk on the long term (data-driven statement, not …sensations)


go to p2p comparison tab

You have money to invest but you are short of time⏰

time-invest revenueland

I’ve made this list of alternatives platforms to Mintos to make it possible to find a similar and reasonable P2P tool in the shortest time.

I know many people have money to invest but often run short of time to manage D-I-Y and make the wrong decisions.

I am myself an investor and writing this article has also helped to clarify what will be next for me too.

I guess now your question is:

If there is nothing wrong with Mintos, why so many investors are looking for alternatives?

As a matter of fact, for me, Mintos stays in the “top of the pops” in my P2P portfolio.

A part is allocated with Invest & Access and a bigger part my way.

The thing is that “I & A” rates are going down a bit lately and we start to wonder until what level it would be acceptable to invest in loans that way.

How many investors would use Invest & Access if yields were to fall below 7%? Click To Tweet

This is fueling a little exodus to smaller but yet decent P2P platforms, right when Mintos was taking it all.

It is very easy to forecast that more small lenders will slow down payments and will be expelled by Mintos in the next years Click To Tweet

I foresee this is not going to be a big issue, since high interest rates and compound interest will easily compensate some small loss (the way it happens on Bondora).

Mintos buyback guarantee is not a 100% guarantee, so the safest way to protect my money is diversification. The day a big lender will go out of the market I will have a smaller capital with that lender if I am well-diversified across more platforms.

Not all the tools I mention here are similar to Mintos and they don’t necessarily have to be. If I look for diversification some difference is more than welcome.


I am short of time to try new things out⏱

We’ve all been running out of time lately.

Our digital lives are taking up more and more of our time, and the idea of adding further complexity frightens us.

Often the main reason why I’m keeping myself, as an investor, from trying new platforms is having to learn how to use them from scratch.
But now that I’ve tried so many, I realize that in reality they’re all designed to make it easy to use now.

I can say that the learning curve with the new P2P websites is usually less steep than expected.

This is also because it seems to me that as far as the UX is concerned they have probably influenced each other a little and the results are very good. Let’s say that fortunately they don’t differ too much from the user’s point of view.


My Picks🎩

I believe any of the 7 mentioned tools are valid investing websites for me to  diversify.

If I had to choose my best I’d say EstateGuru, Bondora, Grupeer, Iuvo and NeoFinance.

All the tools mentioned here are free to use and to try out.

Dear Mintos, I love you, but I’ve been attracted to other women lately….


How do you get your diversification?

Have you got a smart way to achieve it?

Share your best P2P tools here in the comments!


2 thoughts on “What are the best alternatives to Mintos [my 7 sexiest picks ✔️]

  1. Pedro Pimenta says:

    By reading this article my first question is why all the P2P platforms are from East countries? Is it coincidence?

    • True from Revenue Land says:

      No coincidence, Pedro. In the Baltics there is a combination of financial expertise, environment and regulation that is boosting the creation of startups in general. Taxify, Skype, Bolt app and many more are born there. On the other hand, the biggest P2Ps are all from the UK and US, but not always accessible without a bank account there. Out of the Baltics? There are Fastinvest (UK, but half Baltic), Flender (Ireland), October (Spain)a and Housers (Spain).

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