P2P Lending Overview

This review was written before I signed up to DoFinance. As I have only just signed up there I will not be including it in this review. I’ve been involved in P2P lending since January 2015 and have used four different websites – LinkedFinance, Mintos, Twino and VIAINVEST. There are plenty of other options out there but these were the four I joined. I’ve already done reviews of each of the platforms but decided to do a recap of how things are getting on. I feel I’ve been very lucky with how well P2P lending has gone for me and it sure beats the 0.4%…

Mintos adds more loan originators

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!

Mintos – P2P lending 2.0

Mintos was founded in January 2015 in Latvia and has grown rapidly since with nearly 90 million funded to date. Mintos is sometimes known as P2P lending 2.0. With LinkedFinance and many other P2P lending sites, applicants request the funds on the platform. If the funds are not raised, the loan is not completed. Mintos is different, it partners with non-bank loan originators who sell existing loans, or parts of existing loans to investors. There are six types of loans traded on Mintos: Agriculture Business Car Loan Invoice Financing Mortgage Personal