Mintos swings into profit after “transformative” 2023

Alternative investment platform Mintos has swung into profit following a “transformative” 2023.

The company reported a net profit of over €650,000 (£546,422.50) last year, following a loss of €196,000 in 2022. Revenue increased by 30 per cent year on year to reach €11.4m in 2023, up from €8.8m the previous year.

By 31 December 2023, Mintos’ assets under administration had passed the €600m mark, driven by strategic expansions in the company’s product offerings and expansion into new markets.

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“2023 has been a transformative year for Mintos, as we expanded beyond our core offering of investing in loans to become a comprehensive multi-asset investment platform,” said Martins Sulte, chief executive of Mintos.

“Our financial results reflect the strength of our business model and our commitment to providing the best investment solutions for long term investors.

“We remain dedicated to growing our platform and expanding in new markets to meet the evolving needs of our investors.”

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Mintos recently expanded into Portugal and the Czech Republic, and is on track to complete its rollout across all European markets by the end of the quarter.

Sulte said that the platform is now committed to strengthening its existing portfolio of traditional and alternative asset classes, fuelled by a recent Crowdcube crowdfunding campaign which raised €3.1m. This campaign holds the position of the second largest crowdfunding campaign on Crowdcube for the year so far.

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