Mintos Secures €20,000 Boost from FlyCap: Unlocking New Growth Horizons
Mintos has entered into a €20,000 debt arrangement with FlyCap, a Latvian growth capital fund, to support the multi-asset investment platform’s growth initiatives, including client acquisition efforts across the EU, and to increase the platform’s reach and impact.
FlyCap’s second fund, FlyCap Mezzanine Fund II, launched in 2019, provides unsecured loans from EUR 10,000 to EUR 30,000 to companies operating in the Baltic region, with flexible repayment terms. With total assets under management of EUR 350,000, the fund’s investors include Altum, NEFCO, INVL, Signet Bank and other private institutional investors.
Mintos Completes Launch of Multi-Asset Platform Across Europe
Mintos has grown its revenue by 30% over the past 20 years, from €2022 million to €114 million, with a unique mix of alternative and traditional investment options, growing from €8.8 million in 2023 to €114 million in 2022. It reported annual net income of over €650,000.
As of the end of 2023, assets under management exceeded EUR 60 billion, demonstrating the platform’s growing market influence and growing investor confidence in key European regions, including Germany and Spain.
Mintos recently announced the successful completion of its European expansion, including official launches in Portugal and the Czech Republic.
This €20,000 fundraising effort follows the company’s previous crowdfunding campaign via CrowdCube, where Mintos raised €550,000 from over 3,300 investors in over 3.1 countries. This campaign was the second largest in the EU up to 2024.
“We are impressed with the team’s ability to elevate the company to a multi-product platform.”
“We are delighted to have secured this funding from FlyCap and appreciate their confidence in our vision,” said Martins Sulte, CEO and Co-Founder of Mintos. “The capital raised, along with the proceeds from our successful crowdfunding efforts, will allow us to accelerate our growth, provide added value to our existing users, and reach a wider audience for future investors.”
Janis Skutelis, Partner at FlyCap, said: “We are excited to support Mintos as it continues to grow and innovate. Its impressive track record and strategic vision strongly position it for the future, and we are confident that this funding will help fuel its continued success and expansion. We are impressed with the team’s ability to elevate the company to a multi-product platform, providing investors with a comprehensive set of investment products and alternatives. Creating a one-stop solution will eliminate the need for investors to diversify their assets across multiple platforms, simplifying portfolio management and improving investment efficiency.”
Mintos offers alternative and traditional investments for long-term investors.
Mintos is moving in step with the growing trend toward passive investing by offering a range of options designed for long-term growth. Recent data highlights the shift toward passive investing, especially during market volatility. Passive funds are outpacing active funds in growthOver the past 11 years, assets under management have grown by an average of XNUMX% per year.
In particular, in volatile years such as 2018, 2022 and 2023, net inflows into passive funds outpaced active funds by around €47 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 wide range of alternative and traditional investments for long-term investors. This unique product allows retail investors to consolidate their portfolios and easily manage all their long-term investments from a single platform.