Category

Mintos

Category

Mintos recently launched Invest & Access as a new, simplified way to invest on the platform and to cash out more easily. I can’t help but think that they were at least partly inspired by Bondora Go & Grow, which I’ve been using since September of last year.

I’m going to compare the two peer to peer platforms and test out which one is better for short-term investments in P2P lending.

To find out, I invested 1.000€ on both Mintos Invest & Access and Bondora Go & Grow on June 12th. Over the coming weeks and months, I’ll review which one offers the better experience, higher returns and how much money we can withdraw at different points in time.

Update (October 2nd): 16-Week Update added!

Interest rates have sharply dropped since around mid July on Mintos, the platform with the largest allocation in my P2P portfolio. As a result, in this post I would like to talk about some Mintos alternatives that are still offering higher interest rates and show you where I’ve added more funds recently.

In addition, I thought it would be interesting to ask my good friend Bernhard Hummel, who has over 153.000€ invested in P2P lending and more experience than me in the market, about his opinion. You’ll find out what he’s doing in this situation and what he would do as an investor looking for alternatives to Mintos right now.