Mintos hails September of “positive growth”
European lending marketplace Mintos saw “positive growth” on the platform during the month of September, with investments nearing €95m (£82.08m).
In an update to investors, Mintos said that more than €4.1m has been paid out in interest to date, roughly in line with August’s figures. This brings the cumulative interest earned by investors on Mintos to €250.6m, while the total assets under administration are now €599.8m.
The average interest rate for September stood at 12.5 per cent, which translates to an annualized average net return of 10.4 per cent, or 7.7 per cent for the year-to-date.
Read more: Mintos adds new notes to its marketplace
“The month of September has shown promising growth on Mintos,” said Peteris Mikelsons, head of partnerships at Mintos.
“Investments totalled €94.9m in September – the same as in August given the number of days in each month.
“The availability of Notes for investment has risen to €86m, marking an increase from the previous month’s €80m.”
Read more: Mintos launches in Italian
Elsewhere in the update, Mintos looked at a number of emerging trends in the P2P investing space, including a rising reliance on environmental, social and governance (ESG) principles.
“As we approach 2024, sustainable investing isn’t just a promising path; it’s a crucial avenue for investors looking to align their portfolios with the broader move towards sustainability,” said a Mintos spokesperson.
“The rise of ESG-aligned financial instruments is not just a statement on their financial viability, but a signal towards a more equitable and sustainable global economy.
“It encourages investors to look beyond traditional financial gains, embracing a dual objective—seeking solid financial returns while contributing to a positive global impact and minimizing risks.”
Read more: Two Mintos originators report revenue growth