Mintos is my favourite P2P lending site although Twino, VIAINVEST and doFinance are looking promising. Of course, there is also Linked Finance which I’m less enthusiastic about recently but it’s a great option for those who want to lend through an Irish platform.
Mintos has recently added its first loan originator based in China – PangMaoBao which allows investors to invest in invoice financing loans. Currently there are 9 loans available to invest in, however the loans are very large, some in excess of €1.5 million!
I went to update my Auto-Invest Portfolio to include this new loan originator and it turns out I’ve been asleep the last little while. There were quite a lot of new loan originators which I hadn’t added to my auto-invest portfolio including ID Finance, Lute Credit and Capital Service. It’s great to see the options increasing on the Mintos platform. While I do have some concerns about the speed of growth in the P2P market, I find Mintos very open and transparent. Their blog provides updates and financials from the loan originators. As always, I recommend doing research into P2P lending and its risks before jumping in. You can see my original review of Mintos here.