Mintos ended 2023 with its second-strongest month of inflows into its notes, though the provision of latest loans failed to fulfill “surging demand”.
The European funding platform mentioned that investments in its regulated notes reached €113.7m (£97.3m) in December, its second-best month in 2023 after November’s peak of €135.2m.
Peteris Mikelsons, head of partnerships at Mintos, mentioned that the supply-demand imbalance resulted in a considerable lower in out there notes for euro-denominated investments, which ended the month at €53m.
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This in flip had a direct affect on rates of interest, which settled at 11.5 per cent for euro-denominated investments in December.”
Mintos has expanded its providing in latest months from its core enterprise of connecting traders with mortgage originators worldwide.
The European lending market unveiled its fractional bond product in October final 12 months, enabling traders so as to add company bonds to their portfolios.
Mikelsons revealed that its fractional bonds “gained vital traction” in December, with a further €2.5m invested throughout the month.
Mintos additionally launched personalised alternate traded funds (ETFs) final month. The agency mentioned that €1.9m has been invested into the product since its inception.
“The primary iteration of Mintos Core ETF was unveiled simply forward of the festive season,” mentioned Ieva Langenfelde, senior product proprietor. “We’re actively partaking with our customers to collect worthwhile suggestions, which will probably be instrumental in shaping and prioritizing enhancements for future variations.”
Moreover, Mintos introduced that it has revived its refer-a-friend incentive programme. It inspired its traders to speculate their associates to hitch Mintos. Once they make investments €1,000 or extra earlier than 31 March, each events will earn a €50 bonus. The buddy will even obtain a one per cent bonus on the typical funding within the first 90 days.