Mintos has reported “promising progress” in October, with common rates of interest remaining secure at round 12.5 per cent.
The European lending market stated that complete investments noticed a “vital enhance” to €97m (£84.14m), whereas buyers earned €4.2m in curiosity.
Peteris Mikelsons, head of partnerships on the firm, stated that this upward development was primarily pushed by secure investments.
The cumulative curiosity earned by buyers on Mintos has now reached €254.8m, and the entire belongings below administration at the moment are €606.7m.
Learn extra: Mintos unveils fractional bonds product
“The supply of Notes for funding in EUR has risen to €81m, marking a slight lower from the earlier month’s, however nonetheless reflecting a secure funding setting,” Mikelsons added.
The platform additionally reported that as of 1 October 2023, a complete of €12m in war-affected loans had been repaid by Russian lending corporations.
Learn extra: Mintos hails September of “constructive progress”
On 17 October, high-yield fractional bonds went stay on Mintos for the primary time, successfully increasing the platform’s asset class.
“Traditionally, bonds, particularly high-yield bonds, have been out of attain for retail buyers with out substantial capital,” added Mikelsons.
“On Mintos, buyers can put money into high-yield bonds with as little as €50, with no charges for investing.”
Learn extra: Mintos provides new notes to its market
