Mintos has signed a debt deal with Latvian growth capital fund FlyCap in exchange for €2 million to fuel the multi-asset investment platform’s growth initiatives, including customer acquisition efforts across the European Union, and elevating the platform’s reach and impact.
FlyCap Mezzanine Fund II, the second fund by FlyCap, launched in 2019, provides unsecured loans ranging from EUR 1 to 3 million to companies operating in the Baltic region, offering flexible repayment terms. With EUR 35 million in total assets under management, the fund’s investors include Altum, NEFCO, INVL, Signet Bank, and other private institutional investors.
Mintos completed rollout of multi-asset platform across Europe
Offering a unique mix of alternative and traditional investment options, Mintos achieved a 30% increase in revenue in 2023, growing from €8.8 million in 2022 to €11.4 million, and reporting a net profit of over €650,000 for the year.
By year-end 2023, assets under administration surpassed €600 million, reflecting the platform’s growing market presence and increasing investor trust across key European regions, including Germany and Spain.
Mintos recently announced the successful completion of its European expansion, which includes official launches in Portugal and the Czech Republic.
This €2 million fundraising effort comes on the heels of the company’s previous crowdfunding campaign with CrowdCube, which saw Mintos raise €3.1 million from over 3300 investors from more than 55 countries. The campaign was the second-largest campaign in the EU up until that point in 2024.
“We are impressed by the team’s ability to elevate the company to a multi-product platform”
Martins Sulte, CEO and Co-Founder of Mintos, said: “We are pleased to secure this funding from FlyCap and appreciate their confidence in our vision. This raised capital, along with the proceeds from our successful crowdfunding efforts, will enable us to propel our growth, bring added value to existing users, and reach a wider audience of future investors.”
Janis Skutelis, Partner at FlyCap, commented: “We are excited to support Mintos as they continue to grow and innovate. Their impressive track record and strategic vision position them strongly for the future, and we are confident that this funding will help drive their continued success and expansion. We are impressed by the team’s ability to elevate the company to a multi-product platform, providing investors with a comprehensive suite of investment instruments and alternatives. By creating a one-stop solution, investors will no longer need to diversify their assets across multiple platforms, streamlining portfolio management and enhancing investment efficiency.”
Mintos offers alternative and traditional investments for long-term investors
Mintos aligns with the growing shift towards passive investing by offering a diverse range of options designed for long-term growth. Recent data underscores a shift towards passive investing, especially during market volatility. Passive funds have outpaced active funds in growth, with assets under management increasing by an average of 11% annually over the past decade.
Notably, in volatile years like 2018, 2022, and 2023, the net flows to passive funds surpassed active funds by approximately €470 billion. This trend reflects a broader preference for stable, long-term investment strategies.
With loans, bonds, ETFs, real estate, and Smart Cash, Mintos offers a mix of alternative and traditional investments for long-term investors. This one-of-a-kind offering enables retail investors to consolidate their portfolios and easily manage all their long-term investments from a single platform.
