Loan Marketplace Mintos Tops £6 Million on Crowdcube: CEO Martins Sulte Shares Insight into Platform Operations
Summary
While the Fintech appears to have generated significant traction in its lending marketplace, Mintos is not content with growing this business as it has as the company has received both Investment Firm and Electronic Money Institution licenses in Latvia thus opening up the door to other services. In light of its decision to launch a securities offering on Crowdcube, Crowdfund Insider reached out to Mintos co-founder and CEO Martins Sulte. Our strong position allowed us to refocus on current business and work actively to recover investors’ funds and rebuild confidence in investing in loans. It means we will introduce new internal and external processes and policies that will decrease operational risks of the platform and further increase the level of transparency on Mintos. And I think crypto is still a very niche product that hasn’t been widely adopted, it doesn’t offer the scale we can achieve with loans as an alternative investment type.