Mintos investors earned €4.1m in July
Mintos investors earned €4.1m (£3.54m) in interest payments during the month of July, up from €3.9m earned in June.
This brings the total amount of cumulative interest earned by investors on Mintos to €242.2m.
A further €90.8m worth of Notes were funded on the platform in July, taking the platform’s total assets under administration to €588.3m.
The average interest rate for July was 12.7 per cent, which translates to an annualised average net return of 10.1 per cent, and a year-to-date return of 5.8 per cent.
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“Investments in July exceeded €90m thanks to an extra day in the month, as the daily investment amount remained virtually unchanged since the largest part of the overdue payments were resolved back in spring,” said Lukas Alijosius, senior partnership executive.
“The availability of Notes for investment has also remained flat at €88m as compared to the end of June.
“Sustained Notes supply by lending companies, accompanied by consistent investor demand, maintained the average interest rate for investments in Euro-denominated Notes at 12.7 per cent.”
Towards the end of July, Mintos announced a suite of upgrades to its mobile app, which will allow investors to manage their money more efficiently.
Read more: Mintos plans to offer ETFs later this year
