Mintos, a Riga-based platform that combines alternative and traditional investments, successfully raised €3.1 million through a crowdfunding campaign on Crowdcube. This campaign, which became one of the biggest in Europe for 2024, drew over 3300 investors and reached its initial €1 million target in just 40 minutes. With strong support from investors in Germany, Spain, and France, Mintos plans to use the funds to expand into new EU markets, develop new products, and improve its platform offerings, reinforcing its growth trajectory in the investment industry.
Mintos, established in 2014 by Martins Sulte and Martins Valters, began as a peer-to-peer lending marketplace and has since evolved into a platform offering a mix of alternative and traditional investments. The company, headquartered in Riga with additional offices in Berlin, has over 500,000 registered users and manages more than €600 million in assets. Mintos enables investors to diversify their portfolios by investing in loan-backed securities, bonds, and ETFs. The platform operates with a focus on long-term investing, aiming to help users navigate market fluctuations. Mintos continues to expand across Europe, recently entering markets in Germany, Spain, and France.
Martins Sulte, CEO and Co-Founder of Mintos, expresses his gratitude to the community, stating, “We are thrilled with the incredible response to our crowdfunding campaign. The rapid success of the campaign underscores the strong confidence and support of our investors in Mintos’ vision and growth potential.”
Crowdcube is a prominent equity crowdfunding platform in Europe, facilitating connections between entrepreneurs and a broad network of investors. The platform allows businesses to raise capital by offering equity to individual investors. Crowdcube has supported a range of companies across various industries, providing an alternative route to traditional funding methods for startups and growing businesses.
Matt Cooper, Co-CEO of Crowdcube, comments, “Mintos’ successful crowdfunding campaign highlights the strategic value of engaging the community and transforming customers into owners. We’re proud to have played a part in Mintos’ journey and look forward to seeing their continued growth.”
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Read the orginal article: https://arcticstartup.com/mintos-raises-e3-1m-crowdfunding/
