What an exciting time for Mintos, its partners, investors and employees! Our peer-to-peer lending marketplace has grown tremendously since its inception in January 2015. We are pleased to present Mintos’ first annual report (for the period ending 31 December 2015).
The financial statements were prepared in accordance with International Financial Reporting Standards (IFRS) and audited by Ernst & Young. During the first year of operations, Mintos achieved strong growth in business volumes and made sizeable investments in the development of the Mintos platform and expanding its team. Mintos had a strong equity position of EUR 406,000 and cash reserves of EUR 361,000 at the end of the reporting year.
We are committed to continuing to building a marketplace where investors go to invest in loans originated by non-bank lenders. We see ourselves enabling a free movement of capital that works for the benefit of efficient financial markets and services. As part of our mission, we will continue to focus on improving our marketplace, facilitating more diversification opportunities for investors, and providing non-bank lenders with an alternative way to fund loans. Remaining transparent is a way to share our confidence in the future with our stakeholders.
To download the 2015 Annual Report please click here or find it under the Investor Relations tab in the About Us section.