Martins Sulte is the co-founder and CEO of Mintos marketplace. Mintos is the leading loan investment platform in continental Europe with more than 7bn EUR of loans funded. Recently Mintos ran a successful crowdfunding campaign, netting around 7mEUR from its community. On top of that, they have just announced receiving an investment broker license from Latvian finance watchdog FKTK.In this episode, we talk about the evolution of the Mintos product and the P2P lending/loan investment platform industry as such. We also cover what it takes to run a successful crowdfunding campaign. Finally, we talk about the Mintos achievement of securing an investment broker license and the state and outlook of the Latvian financial services marketThe topics covered in this episode with Timestamps[02:20] - INTRODUCTION AND THE ORIGINS OF MINTOS[06:00] - ON MINTOS PRODUCT AND THE P2P LENDING INDUSTRYThe chicken and egg problem of supply/demand for a marketplaceGrowth opportunities within the industryThe majority of people in Europe are not investing as a wholeBuilding a great product as the main customer acquisition toolThe evolution of the P2P lending industryEducation of the retail investor baseThe role of crypto in the lending and investing markets[26:00] - ON CROWDFUNDING AS AN ALTERNATIVE FUNDING METHODConsiderations for choosing crowdfunding as a fundraising methodStructuring a crowdfundPre-requisites for successful crowdfundingLiquidity of crowdfunding investmentsVC investment environment in European FintechSecondary markets for crowdfunding investorsImpact on the company of publicly traded “private shares”[39:25] - ON GETTING INVESTMENT BROKER LICENCE AND THE LATVIAN FINANCIAL MARKET OUTLOOKThe regulatory status of P2P lending over the yearsConsiderations for obtaining an investment broker licensePeculiarities of working with the Latvian regulatorPR of the national financial sectorEvolution of the fintech and general tech space in LatviaAvailability of talentPromising areas of FintechWhat’s next for MintosTo reach out to Martins use:Linkedin: https://www.linkedin.com/in/martinssulte/ Find out more on https://www.pursuitofscrappiness.co/ Support for this episode comes from Nexpay > https://paynexpay.com/===See the video content exclusively on Linkedin > https://www.linkedin.com/company/pursuit-of-scrappiness/ Questions/suggestions? Join our Telegram group > https://t.me/pursuitofscrappiness The full interview with Martins is available NOW on Apple Podcasts, Spotify, and Google Podcasts Find out more on https://www.pursuitofscrappiness.co/ Support the show

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related