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Mintos studies “promising progress” in October

Mintos has reported “promising progress” in October, with common rates of interest remaining secure at round 12.5 per cent.

The European lending market stated that whole investments noticed a “important improve” to €97m (£84.14m), whereas traders earned €4.2m in curiosity.

Peteris Mikelsons, head of partnerships on the firm, stated that this upward development was primarily pushed by secure investments.

The cumulative curiosity earned by traders on Mintos has now reached €254.8m, and the full belongings underneath administration at the moment are €606.7m.

Learn extra: Mintos unveils fractional bonds product

“The supply of Notes for funding in EUR has risen to €81m, marking a slight lower from the earlier month’s, however nonetheless reflecting a secure funding setting,” Mikelsons added.

The platform additionally reported that as of 1 October 2023, a complete of €12m in war-affected loans had been repaid by Russian lending firms.

Learn extra: Mintos hails September of “constructive progress”

On 17 October, high-yield fractional bonds went stay on Mintos for the primary time, successfully increasing the platform’s asset class.

“Traditionally, bonds, particularly high-yield bonds, have been out of attain for retail traders with out substantial capital,” added Mikelsons.

“On Mintos, traders can put money into high-yield bonds with as little as €50, with no charges for investing.”

Learn extra: Mintos provides new notes to its market

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