Last update: October 8, 2026
Mintos is worth it if you diversify and accept the risks. I have invested on Mintos since 2017. My account is worth €54,481, built from about €22,000 to €25,000 deposited, with €27,893 of interest earned and a 9.3% net annual return.
Mintos is the largest P2P lending marketplace in Europe and a licensed investment firm under the Bank of Latvia. It is not a savings account: my biggest loss came from the Turkish lender Wowwo, still in recovery.
Mintos Review: Key Facts 2026
| 🔑 Mintos | Details |
|---|---|
| Founded | 2015, Riga, Latvia, by Martins Sulte and Martins Valters |
| Licence | Investment firm, Bank of Latvia (since 2021) |
| Investor protection | Investor compensation scheme up to €20,000 if Mintos fails to return your assets |
| Loans funded | More than €16 billion |
| Registered investors | 600,000+ |
| Loan originators | 60+ |
| Average return | 9-11% (my net return: 9.3%) |
| Minimum | €50 per loan on the primary market, €1 on the secondary market |
| Fees | Free deposits and withdrawals, 0.85% to sell on the secondary market |
| Products | Loan Notes, fractional bonds, Core ETF portfolio, Smart Cash |
My Experience on Mintos Since 2017
I opened my Mintos account in 2017 with a few euros, to test deposits and withdrawals. The transfer cleared in one day and the first interest arrived a few days later. Most of my deposits went in between 2017 and 2019. Since then, reinvested interest has done most of the work.
📸 Screenshot from my Mintos dashboard: the very first interest payment arrived in 2017, just a few days after my first deposit. Today the interest is close to €400 per month, without extra effort.
My first mistakes
- I used auto invest with default settings, which left cash idle and bought loans I would not pick today.
- I spread money over every lender instead of focusing on solid ones.
- I started too slowly and kept too much cash on the side.
What worked
- Spreading money across many solid lenders, countries and loan types.
- Reconfiguring auto invest to cut cash drag.
- Watching lender performance and selling on the secondary market before problems grew.
- Never aiming for the maximum rate, only for the safest setup.
My Biggest Mistake: Wowwo
Wowwo was a Turkish car lender that earned in lira and owed investors in euro. When the lira fell in 2021, it stopped paying. Mintos suspended it on December 17, 2021, with about €18.5 million owed to investors. Wowwo offered 25% over 36 months, and Mintos rejected the offer.
I could have seen the currency risk. I was distracted by other investments and did not act. My position is still in recovery, and I remain positive that a solution will arrive, at least a partial one. Thanks to diversification, Wowwo hit only a small slice of my portfolio.
My Mintos Portfolio Breakdown
Today I have €45,314 actively invested, with a weighted average interest rate of 9.86% and an average loan duration of 30 months. Mintos rates my diversification at 54%, “Good”.
| Loan status | Amount |
|---|---|
| On time | €39,677 |
| Grace period | €925 |
| 1-15 days late | €1,678 |
| 16-30 days late | €1,433 |
| 31-60 days late | €1,402 |
| 60+ days late | €0 |
| Defaulted | €0 |
| Unrecoverable | €498 |
Only €498 is unrecoverable after nine years. The Wowwo position is still in recovery and is not counted as lost yet.
By country and loan type
By loan originator
My capital is spread across large lenders with a long history on Mintos: Eleving Group, Credifiel, Sun Finance, ESTO, Delfin Group, Mozipo Group, Iute Group, Placet Group and Credius. None dominates my portfolio.
How I Invest on Mintos Today
I use auto invest with custom rules, and I check them every three months. My goal is stability, not the highest rate.
- Cut cash drag: I exclude lenders with irregular funding volumes and keep loan duration open.
- Secondary market: I sometimes buy late loans from solid lenders at a discount.
- Liquidity test: I withdraw small amounts from time to time. Withdrawals have always arrived, usually in one day.
Mintos Returns and Risks
Mintos returns are real, and so are the risks. Platform data shows 9% to 11% on average. My net return is 9.3%, slightly below average, because I prefer solid lenders.
| Risk | What it means | What reduces it |
|---|---|---|
| Lender default | If a lending company fails, the buyback fails too | Many lenders, risk score above 7 |
| Pending payments | Money can stay in recovery for months or years | Small positions per lender |
| Currency risk | Lenders earning in weak currencies may stop paying | Avoid currency mismatch (the Wowwo lesson) |
| Platform risk | Mintos itself could fail | Licence, segregated assets, €20,000 compensation |
How the buyback obligation works
If a borrower is more than 60 days late, the lender buys the loan back with interest. The buyback depends entirely on the lender being solvent. In 2020, during COVID, several lenders paid late, and the buyback worked for the solid ones.
What if Mintos fails?
Mintos is a licensed investment firm. Client assets are kept separate from company money, and the Latvian investor compensation scheme covers up to €20,000 if Mintos fails to return them. It does not cover loan defaults. More in my guide is P2P lending safe.
Beyond Loans: Bonds, ETFs and Smart Cash
Mintos is no longer only a P2P marketplace. In one account you can hold loan Notes, fractional corporate bonds, the Mintos Core ETF portfolio and Smart Cash for short-term liquidity.
I use Mintos mainly for loans. The extra products are useful if you want to keep everything in one place, but they are not why I chose the platform.
User Experience and Support
- Dashboard: clear view of invested money, interest, late loans and recoveries.
- App: iOS and Android, with deposits, withdrawals and notifications.
- Support: email and chat, answers in 24 to 48 hours. Investors above €50,000 get a personal contact.
- Tax reports: easy to download, useful for your tax return.
On Trustpilot Mintos has more than 5,000 reviews. Most praise smooth withdrawals and returns. Negative reviews mostly mention pending payments with some lenders.
Mintos vs Other P2P Platforms
| Platform | Licence | Return | Best For |
|---|---|---|---|
| Mintos | MiFID II, Latvia | 9-11% | Core position, 60+ lenders |
| Go & Grow | None | Up to 6% | Simplicity and daily liquidity |
| Debitum | MiFID II, Latvia | 11-16.5% advertised | Business loans |
| PeerBerry | None | About 11% | Small addition, mostly Aventus Group |
| Estateguru | ECSP, Estonia | About 10% | Property-backed loans |
Head-to-head details in Mintos vs Go & Grow vs PeerBerry, and more options in my Mintos alternatives.
Final Verdict: Is Mintos Worth It?
Yes, if you diversify and treat it as one part of a wider portfolio. After nine years, Mintos has paid me 9.3% net per year, with one real loss in Wowwo and €498 unrecoverable. It is the P2P platform I trust most, and I keep investing there.
| ✅ What I like | ⚠️ What to watch |
|---|---|
| 9.3% net per year since 2017 | Pending payments can last months |
| 60+ lenders across many countries | A lender failure hits its loans |
| Licensed investment firm | Returns change with the market |
| Secondary market for early exit | Currency risk with some lenders |
| Smooth withdrawals, good app | No deposit guarantee |
⚠️ Disclaimer: this article is for information only. I am not a financial advisor. P2P lending, including Mintos, involves risk, and you could lose part or all of your capital. My past results do not guarantee future returns. Read the full disclaimer.
Disclosure: some links in this review are affiliate links. I may earn a commission if you sign up through them, at no extra cost to you.
FAQ: Mintos Review
Is Mintos safe?
Mintos is a licensed investment firm supervised by the Bank of Latvia, with client assets kept separate and compensation up to €20,000 if it fails to return them. Loan defaults are not covered, so diversify across many lenders.
How much can you earn on Mintos?
Mintos returns average 9% to 11%. My net annual return since 2017 is 9.3%, with €27,893 of interest earned.
What is the minimum investment on Mintos?
€50 per loan on the primary market and €1 on the secondary market. Smart Cash starts from €1.
Can I withdraw money from Mintos anytime?
You can withdraw your available balance for free, usually in one day. Invested money must be repaid or sold on the secondary market first, with a 0.85% fee.
What happened with Wowwo on Mintos?
Wowwo, a Turkish lender, stopped paying after the lira fell. Mintos suspended it on December 17, 2021, with about €18.5 million owed. Recovery is still open.
Is Mintos better than Bondora Go & Grow?
Mintos is better for return and diversification. Go & Grow is better for simplicity and daily liquidity.
Fabulous review
I invest in Mintos for 1 year now and I share your oppinion about the platform.
CEO Martins Sulte seems a very competent, inteligent and professional man and he is taking good care of his company.
I have a feeling Mintos can literaly change someone’s life, not only in the perspective of good profits but also making a person more a saver than a spender, more financialy savy and value more his/hers money.
I see a bright future for Mintos and my only regreta was not knowing of it sooner.
.
Nevertheless everyone should understand very clearly that there will always be risk involved in lending your Money around and DO NOT pour all your money into this new inovative techmologies… one step at a time.
.
I have a question for you… Many people talk about diversification and spread their P2P exposure to other plataforma like bondora, robocash etc
would you agree that being Mintos the biggest, and arguably the best and safest platform, spreading to another smaller companies is INCREASING your risk instead of lowering it ?
I only invest in Mintos in terms of P2P and I intend to keep it that way as I see na increased risk going into smaller platforms.
Thank you
29000€ on Mintos. I like it🔥
Last year I started with 71000€ on Mintos. If compound interest exist and nothing changes by 2038 I will have 572.424€ before tax. 🇵🇹Mal posso esperar para envelhecer
This is the most complete review I found. I am learning a lot from you✅
Excellent review, even if there are too many lender default risks and no more cashback campaigns on Mintos.
Mintos era mejor antes
Was Mintos better before?
I am afraid I don’t agree 100% with you Xavier!
I believe Mintos is better now in 2020 even if the return is slightly lower (10,9% for me ☆).
Some of the reasons are: more lenders = more diversification = lower risk, more automations to chose from (I also have a bit of “I&A”), longer track record and the same management team.
I’ve registered last week after reading this post, I almost had an heart attack when I realized my money were not immediately visible on mintos. It took 3 days (sunday included) to see my 19k in the available funds. I’ve allocated 9k in invest & access and 10k the way you do it in the video above. Almost everything is invested now and 293€ are still idling on my account now. I think it worked fine
Wht is better? Invest and access or the other portfolio? Friend, this is too long to read!
Graet review. I will start mintos today. Waiting for approval.
Can I write you here to get the 1% Bonus for Mintos? Or you need an email?
Maria if you use THIS link you’ll still get 1% on what you invest during the first 30 days. You’ll see the conditions as soon as the page opens.
Great review, very inspiring
Thank you Christian
I like your point on ethical APR levels. What is the maximum APR that you allow?
Normally 100% but not on all lenders. Consider that lowering too much the APR will eventually reduce the diversification on more lenders. For Example Mogo APR is about 50%, Novaloans/cashforyounow is 1314%, Acema is 5-39% while Dineo Credito is 469%. A very high APR is not always unsustainable. On very short term loans and very small loans fixed costs have a huge impact and that’s normal. In general a lower APR is more sustainable and ethical.
Hi. Nice write up but recently I have been researching Mintos and whether to invest with them and the majority of comments seem to be negative. This is the same re the comments on their own website blog. Do you have any views on this and whether it is safe to continue investing when so many are pulling out? Which LOs do you see as strong in the current climate and which are to be avoided?
I can see a bit more late loans now in my Mintos but interests are flowing as usual. I expected a bigger impact from the virus problem.
Benötigen Sie finanzielle Hilfe? oder Benötigen Sie einen Kredit?
I’ve followed the most of you recommendations and after 2 years I have to thank you. Only 5 late loans (+ than 60 days) out of 873. 10% return even after this market shock. I was not smart enough to buy discounted loans on the secondary market last month. There were “winter sales”. People is crazy, don’t you think?
Wow, happy to read your comment!
People are crazy? Maybe yes. The thing is that everyone is different and investing is complicated when things get…complicated.
Hi, i like the article, well written!
I am intrigued by the buy back guarantee and not quite sure how it works. I tried to look for answers on Mintos blog, but nothing so far.
But based on your article you have experience with that, would you mind If I ask you following questions?
– do all loan providers (that are marked with the buyback shield) pay 100% of the loan back to you? or some of them pay back only a part of it. where can I find more info?
– do you get a notification prior crediting funds back to your account? or the funds just appear back on your account
– do you know if there are any accessible statistics about the buyback guarantee, because I could not find any; like how many % of investors actually gained from this safety feature, is this one of the biggest criteria to choose a platform to invest on and so on..
Thank you for answers!
Happy to answer as an investor, Anna.
Yes, all loan providers that are offering buyback (about 95%) pay 100% of the loan back if the borrower is later than 60 days on schedule.
Yes, the funds paid by the buyback formula will just appear on my account. It is all automated and I can see the process happening (if I want to) in the account statement sections. Everyday I have dozens of buyback and it’s ok.
Yes, buyback is important, but what is more important is WHO is offering the buyback. The buyback is not by Mintos, but it is offered from the loan originators. So, I spread my loans across many lenders with some Invest & access, but I also pick the best mintos loan originators to overweight the best ones. Some small lenders had problems lately, but the impact on good and varied portfolio was very very limited.
I would like to ask You:
You wrote that:
“Is mintos regulated?
FKTK (Latvia) is the national regulator”
This is definitely not the answer for the question. Can You write what regulation is applied onto Mintos, what is the registration number?
Sure. Questions are welcome here.
Here is the registration number as a company: Commercial Register of the Republic of Latvia under registration No. 40103903643
Here are more interesting explanations about the subject: https://ijbssnet.com/journals/Vol_9_No_2_February_2018/11.pdf
Here are some more informations: https://company.lursoft.lv/mintos-marketplace/40103903643 You are smart, Petr, but no, I did not write who is regulating Mintos but only the name of the national regulator in that country that is FKTK or FCMC ( Financial and Capital Market Commission ). Mintos should get also the electronic money license within 2020.
⭐️ I used this invitation code on Mintos and it worked
MINTOSCLUB.U7Z0PF
interessante Seite,sollte man ausprobieren
Definitely happy with Mintos after 2 years. I am adding capital as I feel it is quite safe now. I am making 10,89% year (average on 2 years).
Here is a link to receive 50€ voucher for admission:
https://www.mintos.com/it/l/ref/MINTOSCLUB.U7Z0PF
I love this platform.
Julien
No crisis flew over Mintos, and it’s lenders,….., that’s the scary part because you don’t know how those two react in such an environment.
But the newest crisis is about to begin, and the biggest banks default in a similar crisis, 2008/2009. So in fact this, p2p lending, or Mintos is risky business
Mintos went through a few crisis already and soon will turn 10 years old.
I get a steady income from it since day one and in the meanwhile many announced the end of P2P lending (that is a risky business indeed, but also very profitable).
All true guys, I have got 200€ bonus on my Minots account registering from here.
I have got the 200€ bonus by investing 1000€ using this link
➡️ I have used this invitation link on Mintos
and it worked.
500€ bonus in my account!
Also WEALTH25 Mintos bonus code is active now.