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

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

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

Founded in 2015, Mintos is looking to change that, and its history so far suggests that the fintech may be able to do just that. The investment firm already has over 500,000 clients in Europe and, as a MiFID-authorised platform, currently manages over €600 million in assets.

Martins Sulte, CEO and co-founder of Mintos

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

Mintos expands into Czech Republic

The expansion into Portugal follows Mintos’ successful launches in several other European Union countries. Last week, it announced its Entering the Czech marketwhere many more people invest. Recent surveys have shown that almost every second Czech invests at least part of their income.

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

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

Previously, the company had also obtained licenses to operate in Lithuaniabut 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 company’s financial performance. financial technology company. Last year, it recorded revenues of 11.1 million euros, an increase of more than 30% compared to 8.4 million euros in 2022. As a result, the overall total profit for the year rose to 1.05 million euros, compared to 529,000 euros in the previous year.

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

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

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

Founded in 2015, Mintos is looking to change that, and its history so far suggests that the fintech may be able to do just that. The investment firm already has over 500,000 clients in Europe and, as a MiFID-authorised platform, currently manages over €600 million in assets.

Martins Sulte, CEO and co-founder of Mintos

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

Mintos expands into Czech Republic

The expansion into Portugal follows Mintos’ successful launches in several other European Union countries. Last week, it announced its Entering the Czech marketwhere many more people invest. Recent surveys have shown that almost every second Czech invests at least part of their income.

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

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

Previously, the company had also obtained licenses to operate in Lithuaniabut 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 company’s financial performance. financial technology company. Last year, it recorded revenues of 11.1 million euros, an increase of more than 30% compared to 8.4 million euros in 2022. As a result, the overall total profit for the year rose to 1.05 million euros, compared to 529,000 euros in the previous year.

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