Trustly partners with the largest European alternative lending marketplace Mintos

04 Oct - 2018

Trustly partners with the largest European alternative lending marketplace Mintos

STOCKHOLM, 4 October 2018 — Trustly, the European payments company, has partnered with Mintos, a global online marketplace for loans which provides retail investors with a way to invest in loans from around the world.

By implementing Trustly’s direct online banking payments, Mintos will offer investors to easily transfer funds – in real-time – from bank accounts across 29 European countries. The collaboration will facilitate and simplify for investors to invest in credits through Mintos marketplace.

Mintos have seen a fast growing customer base and the number of investors using the platform is expected to reach 100,000 by the end of the year. With Trustly’s method for direct online bank transfers, the investors using Mintos platform will be able to transfer money in real-time. During the test period in the Baltic countries, 80% of newly registered investors chose to transfer their funds with Trustly because of its speed and convenience.

Martins Sulte, CEO and co-founder at Mintos said: “Our partnership with Trustly is a natural fit and we are committed to opening up for an efficient movement of capital. To offer fast and highly secure transfers is important to meet investors demand for a seamless, fast and simple user experience. We are very pleased to be able to grow our offer with both an in-demand payment method and the unrivaled European coverage that Trustly provides.”

Johan Nord, CCO at Trustly said: “We are delighted to partner with Mintos, who will make our bank payment method available to their growing investor base. We have a common interest in making online payments as convenient and efficient as possible for local and international investors. This partnership is a excellent example of how two financial technology businesses can partner to create value for investors by streamlining the transaction process, while also delivering the highest level of transaction security.”

About TrustlyFounded in 2008, Trustly Group AB is a Swedish FinTech company that makes online banking e-payments fast, simple and secure. The company offers cross-border payments to and from consumer bank accounts at over 3000 banks in 29 European markets and connects businesses and consumers within e-commerce, travel, gaming and financial services. In 2018, the Financial Times ranked Trustly as one of the fastest growing companies in Europe on the FT1000 list and in 2017 the London Stock Exchange recognized Trustly as one of Europe’s most inspiring, fast-growing companies.

Trustly has 230 employees and is headquartered in Stockholm, Sweden, with regional offices in Spain, Malta, Germany and the UK. Trustly is a licensed Payment Institution under the supervision of the Swedish Financial Supervisory Authority. Read more at www.trustly.com

About MintosFounded in 2014, Mintos is a global online marketplace for loans that provides retail investors with an easy and transparent way to invest in loans originated by a variety of alternative lending companies around the world. Mintos mission is to facilitate free and efficient movement of capital around the world with the help of technology. Since launching in 2015, Mintos has demonstrated exponential growth and has become the world's largest marketplace of its kind. As of now 76 000 investors had joined the marketplace and it is expected to reach 100 000 investors by the end of the year. Mintos is the Winner of the AltFi People's Choice award 2016 and 2017, Runner-up for the AltFi European Alternative Finance Platform of the Year award 2016 and Winner of the Spanish FinTech Awards Most Influential Fintech 2018.

Mintos has 60 employees and is headquartered in Riga, Latvia, with representative offices in Warsaw and Mexico City. The company plans to reach 80-100 employees by the end of the year, as well as expand operations in Latin America, Africa, and Southeast Asia.

For more info about Mintos, please contact: Dagnija Lejina
Lejiņa & Šleiers Reputation Management Agency
Mobile phone: +371 29470708
E-mail: dagnija@lejinasleiers.lv

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Kristin Andersson, Head of Communications

Kristin Andersson

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