Mintos attracts 5.3 million euros during the day :: Dienas Bizness

European loan investment platform Mintos The crowd has attracted 4,600 investors from various European countries in the funding campaign, which invested 5.3 million euros, the company informs.

Thus, this campaign is considered to be the largest among European companies, attracting crowd funding opportunities Crowdcube platform.

The Mintos crowd funding campaign began with limited first-day access to the company’s customers. As of November 17, the campaign is available to the general public.

“We are excited about such a response from our customers,” he said Mintos co-founder and manager Mārtiņš Šulte. “This start of the campaign is a confirmation that we are on the right track with our vision for the further development of the company, and it also shows how strong our relationship with our customers is, which has shown this level of trust.”

Yet Mintos has attracted 7 million euros from business angel investors, financing most of its growth with the company’s revenue. Since its inception in 2015, the company has almost independently established a loan investment market in Europe worth 6.6 billion euros, holding about 45% of this market.

In recent years Mintos has already experienced unprecedented growth due to excellent product-market compliance. But the company sees even greater growth opportunities. In the EU alone, private investors generate € 7 trillion in capital, while the global crowdlending market will grow by 29.7% per year (CAGR) in the coming years, from € 57 billion in 2019 to € 472 billion in 2027.

And from a broader perspective, the global value of non-bank lending – in other words, the potential supply of loans available for investment – is already over € 3 trillion, according to Mintos.

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