After its
recent launch in the Czech Republic, the investment platform Mintos is now
entering an even more challenging European market, where only one in five
people actively invests. The provider aims to encourage the Portuguese, who
primarily keep savings in bank accounts or real estate, to take a more active
approach to managing their finances.

Mintos Expands European
Footprint with Launch in Portugal

A recent
survey by the local National Council of Financial Supervisors on financial literacy in Portugal revealed that only 5.2% of people actively invest in stocks
and bonds. The majority of Portuguese families, about 84%, keep their money in
current accounts, while approximately one-third use term deposits.

Moreover, a
separate European Central Bank (ECB) study revealed that Portuguese
people lack trust in the investment market and choose to accumulate wealth in
the real estate market, including land and their own homes.

Founded in
2015, Mintos intends to change that, and its history so far suggests that the
fintech may be able to do so. The investment firm already has over 500,000
clients in Europe and, as a MiFID-authorized platform, it currently administers
more than €600 million in assets.

“In
analyzing these results, the heavy reliance on owned real estate assets in
Portugal and the low engagement with financial instruments indicate an
opportunity for diversification,” said Martins Sulte, CEO and co-founder
of Mintos. “Mintos is designed for investors who seek to steadily grow
their portfolio over time, using automated tools and a range of
options to help investors diversify their portfolios wisely.”

Mintos Expands to the Czech
Republic

The
expansion into Portugal follows Mintos’ successful launches in several other
European Union countries. Last week, it announced its entry into the Czech
market, where significantly more people invest. Recent surveys have shown that
nearly every other Czech invests at least some of their income.

Mintos
offers a variety of investment options, including loans, bonds, ETFs, real
estate, and a product called Smart Cash.

“We’re
excited to continue introducing diverse investment options on our platform to
new regions,” Sulte added. “Our goal is to make investing accessible
to all levels of investors, providing simple ways to diversify portfolios with
both traditional and alternative assets.”

Previously,
the company also obtained licenses to operate in Lithuania, but it began
offering its services initially in the German, Spanish, and French markets.

A few
months ago, Mintos released its annual report for 2023, which provided detailed
insights into the financial performance of the company. Last year, it
recorded revenues of €11.1 million, an increase of over 30% from €8.4 million
in 2022. As a result, the total comprehensive profit for the year climbed to
€1.05 million, up from €529,000 the previous year.

After its
recent launch in the Czech Republic, the investment platform Mintos is now
entering an even more challenging European market, where only one in five
people actively invests. The provider aims to encourage the Portuguese, who
primarily keep savings in bank accounts or real estate, to take a more active
approach to managing their finances.

Mintos Expands European
Footprint with Launch in Portugal

A recent
survey by the local National Council of Financial Supervisors on financial literacy in Portugal revealed that only 5.2% of people actively invest in stocks
and bonds. The majority of Portuguese families, about 84%, keep their money in
current accounts, while approximately one-third use term deposits.

Moreover, a
separate European Central Bank (ECB) study revealed that Portuguese
people lack trust in the investment market and choose to accumulate wealth in
the real estate market, including land and their own homes.

Founded in
2015, Mintos intends to change that, and its history so far suggests that the
fintech may be able to do so. The investment firm already has over 500,000
clients in Europe and, as a MiFID-authorized platform, it currently administers
more than €600 million in assets.

“In
analyzing these results, the heavy reliance on owned real estate assets in
Portugal and the low engagement with financial instruments indicate an
opportunity for diversification,” said Martins Sulte, CEO and co-founder
of Mintos. “Mintos is designed for investors who seek to steadily grow
their portfolio over time, using automated tools and a range of
options to help investors diversify their portfolios wisely.”

Mintos Expands to the Czech
Republic

The
expansion into Portugal follows Mintos’ successful launches in several other
European Union countries. Last week, it announced its entry into the Czech
market, where significantly more people invest. Recent surveys have shown that
nearly every other Czech invests at least some of their income.

Mintos
offers a variety of investment options, including loans, bonds, ETFs, real
estate, and a product called Smart Cash.

“We’re
excited to continue introducing diverse investment options on our platform to
new regions,” Sulte added. “Our goal is to make investing accessible
to all levels of investors, providing simple ways to diversify portfolios with
both traditional and alternative assets.”

Previously,
the company also obtained licenses to operate in Lithuania, but it began
offering its services initially in the German, Spanish, and French markets.

A few
months ago, Mintos released its annual report for 2023, which provided detailed
insights into the financial performance of the company. Last year, it
recorded revenues of €11.1 million, an increase of over 30% from €8.4 million
in 2022. As a result, the total comprehensive profit for the year climbed to
€1.05 million, up from €529,000 the previous year.