On Tuesday, March 29 the peer-to-peer lending marketplace Mintos began cooperation with the non-bank lender Aforti Holding, which provides loans to small and micro entrepreneurs across Poland. Currently, Mintos cooperates with nine non-bank lenders from Czechia, Estonia, Georgia, Latvia, Lithuania and Poland.
“By using a peer-to-peer lending model, we made financing more accessible to both individuals as well as small and micro enterprises. In the last year, we have financed more than EUR 20 million in loans through our platform. With each month our capacity grows,” points out Martins Sulte, CEO of Mintos, the lending platform.
The average loan Aforti Finance will provide through Mintos is valued between EUR 1.200 and EUR 12.000, with a repayment period of three to 12 months. Forecast mean interest will amount to nine to 11.5%.
“Mintos, the peer-to-peer lending marketplace, is one of the region’s fastest developing companies in terms of technology. Through cooperation with Mintos, we will acquire new means of financing our loans, a this in turn will let us lend more to micro and small enterprises in Poland,” says Aforti Finance CEO, Klaudiusz Sytek.
Aforti Finance offers its services to four regions across Poland: Central Poland, Pomerania, Greater Poland and Silesia. The Company is part of Aforti Holding S.A., listed on Warsaw Stock Exchange’s alternative marketplace, NewConnect. In 2015 the consolidated revenue of Aforti Holding Group reached EUR 10.2 million and the company made EUR 136 thousand in net profit.
Mintos is a peer-to-peer lending marketplace from Riga. It launched in January 2015. Mintos brings together investors with non-bank lenders and provides opportunities for financing non-bank loans to private and corporate investors. Mintos makes it possible to finance company loans, car loans, invoices, mortgages and consumer loans.
More than 5,000 investors from 40 countries across the globe use Mintos. In the last year more than EUR 20 million in loans was financed through the Mintos platform.