What is Mintos?
It's a marketplace for peer-to-peer lending based in Riga, Latvia. They bring investors together with borrowers of various loan originators, with loans originating all across Europe.
They also offer a secondary market for loans, where you can decide yourself what discount or premium to ask or to accept. Other than that, many loans come with a "Buyback guarantee".
Meaning if they don't get paid anymore, after 60 days the originator takes them back from you and you still get your interest.
(Naturally the interest rates on these loans are slightly lower than on loans without such securities.)
Who can invest?
If you are European and have a bank account here, you are lucky. Sorry, Americans. At this time you cannot invest here.
My experience after 9 months:
After around 9 months, I am quite happy with the results. My net annual return is calculated at 11.41%, with 94 of my 123 investments being current and only 4 being more than 30 days late.
Bonus for signing up.
So, you feel like investing and letting some of your hard earned money work for you a little? Or you want to diversify a bit, instead of having it all in crypto-currencies?
Good for you. There even is a bonus program where we can both get some extra money, yay.
From the mintos.com website:
"For example, Daniel refers Sara, who starts investing in loans via Mintos marketplace. After 30 days, the average balance Sara has invested over the period is EUR 3 500. We will credit 1% of EUR 3 500 (EUR 35) to Daniel's investor account, and another EUR 35 to Sara's investor account. After 60 and 90 days, we will review the average invested balance again and, if it increases, credit both Daniel's and Sara's investor account accordingly."
Promo code, valid until 07.07.2017: 644SQZ
Happy investing. Cheers.