Assessment
Mintos gives an investor access to assets that a stock broker does not usually offer, such as loan-backed Notes and corporate bonds from €50, next to more than 1,000 ETFs. Notes are securities that pay investors from the repayments on underlying loans made by lending companies. An investor can pick each asset by hand or use automated portfolios that spread money across many loans or bonds and reinvest the payments. Use Mintos when the goal is a steady income stream from credit products, held in the same account as a low-cost ETF core.
AS Mintos Marketplace reported €14,126,282 in commission and fee income for 2025, about US$15.3 million, up 17% from €12.1 million in 2024, with a loss of €1.98 million. It added crypto ETPs in March 2026 and more than 1,000 fee-free ETFs in July 2026. In February 2026 it began the process of applying for a European Central Bank banking licence.
Mintos fits an investor who understands credit risk and wants yield products beside a passive ETF holding. It is a weaker fit for someone who wants to buy individual company shares or options, or who expects to sell every holding quickly at any time.
Rating by criterion
Each of the eight criteria below is scored out of 100.
Sector criteria
Choose Mintos for income assets most retail brokers do not carry. Loan-backed Notes from lending companies sit beside fractional corporate bonds, rental real estate in Austria, Denmark, Latvia, and Poland, and Smart Cash, a product that holds money-market funds. Since July 2026 an investor can also buy more than 1,000 UCITS ETFs from €1, held through Upvest, a German investment infrastructure company, and since March 2026 Mintos has offered crypto ETPs, which are exchange-traded products that track the price of a crypto asset. An investor who wants individual company shares or options will need a second broker.
An investor who does not want to pick every loan can hand the job to an automated portfolio. Core Loans, High-Yield, Conservative, and Custom Loans spread money across loans, High-Yield Bonds spreads it across at least 20 corporate bonds and reinvests the coupons, and Core ETFs builds and rebalances a mix of equity and bond ETFs from €50. Mintos runs a secondary market where investors can sell Notes and bonds to other investors before they mature, for a fee. Mintos says its mobile app reached near full parity with the web platform in 2025, so most account tasks can be done from a phone.
Buying ETFs, real estate, manual loans, and manual bonds carries no Mintos commission, and deposits and withdrawals by bank transfer are free. Costs show up when an investor uses automation, sells early, or changes currency. Automated loan and bond portfolios cost 0.29% to 0.39% a year, selling on the secondary market costs 0.85%, card deposits cost 2%, and currency exchange starts at 0.50%. Bonds bought on the primary market carry 0.85% built into the price, made up of a 0.47% cost compensation and a 0.38% markup, which Mintos discloses in its cost document.
Mintos Marketplace AS has been a licensed investment firm since August 2021, supervised by Latvijas Banka, the central bank of Latvia, under MiFID II, the EU rulebook for investment firms. Investor assets and cash are held apart from company assets, and Latvia's investor compensation scheme pays up to €20,000 if Mintos itself fails to return them. That cover does not protect an investor when a lending company or bond issuer defaults, or when prices or liquidity fall, and legacy loans bought through assignment agreements are excluded. An investor should size loan and bond positions as credit risk they carry themselves.
Vendor criteria
Mintos has added a new product every few months over the past year. It launched the High-Yield Bonds portfolio in November 2025, crypto ETPs in March 2026, and fee-free ETFs from €1 in July 2026. In February 2026 it began the process of applying for a European Central Bank banking licence, which it expects to take 12 to 18 months. The company reported €795 million under management and 664,000 registered users at the end of 2025.
Sign-up is self-serve. New investors answer an appropriateness assessment, a set of questions about knowledge and experience that decides which products they can buy. Support starts with an AI chat assistant that runs 24 hours a day. Questions it cannot answer go to a person, with a stated aim of replying within five business days, and callbacks run in business hours. An investor whose registration needs an additional review pays €50 for it.
An investor can read every recurring charge before opening an account. Mintos publishes a price list covering portfolio fees, secondary-market sales, card deposits, currency exchange, and inactivity. A separate cost disclosure works through the cost and markup built into bond prices on an example investment, and key information documents and base prospectuses for its securities are public.
A self-directed account has no servicing fee and no lock-in period. An inactivity fee of €4.90 a month applies after 360 days with no investment, deposit, or withdrawal, and Mintos waives it for investors who hold ETFs, bonds, real estate, Smart Cash, or crypto ETPs. Getting out of loans and bonds before maturity depends on finding buyers on the secondary market. Recovery charges vary by case and cannot exceed the amount recovered.
Against its peers
These are the other companies in wealth and brokerage platforms, with their ratings.
Fact file
| Licence | Mintos Marketplace AS, investment firm supervised by Latvijas Banka since August 2021 |
|---|---|
| Investor compensation | Up to €20,000 under the Latvian scheme if Mintos fails to return assets; does not cover issuer or borrower default |
| Assets | Loan-backed Notes, fractional bonds, ETFs (held through Upvest), rental real estate, Smart Cash, crypto ETPs |
| Headline fees | ETFs and manual investing free; automated portfolios 0.29% to 0.39% a year; secondary-market sale 0.85%; FX from 0.50% |
| Scale | €795 million under management and 664,000 registered users at 31 December 2025, according to Mintos |
| 2025 revenue | €14,126,282 commission and fee income (AS Mintos Marketplace annual report, audited by KPMG Baltics), about US$15.3 million |
Competitive landscape
Loan marketplaces and retail investing apps a European investor would compare with Mintos.
Mintos: 78
- Mintos78
- PeerBerryNot reviewed
- Bondora Go & GrowNot reviewed
- Interactive BrokersNot reviewed
- Trading 212Not reviewed
- Alpaca77
- Apex Fintech Solutions76
- DriveWealth73
Comparisons
Key leadership
Martins Sulte and Martins Valters co-founded Mintos in 2015 and still run it as chief executive and chief operating officer. Karlis Kronbergs (chief risk officer), Inese Lazdovska (chief legal officer and chief compliance officer), and Marcis Gogis (chief product officer, in charge of product strategy and development) also sit on the management board of AS Mintos Marketplace. Karlis Malcenieks is chief financial officer, and Janis Abasins chairs the supervisory board.
Martins Sulte - Co-founder and chief executive. Martins Sulte is a former investment banker known for building Mintos from a loan marketplace into a licensed multi-asset investment firm. He worked in corporate finance at SEB, a Swedish bank with a large business in the Baltic states, from 2006 to 2012, and before that as a consultant at Ernst & Young. He holds an MBA from INSEAD, a bachelor's degree from the Stockholm School of Economics in Riga, and the CFA charter. He chairs the management board and is responsible for strategy, investor relations, and business development.
Martins Valters - Co-founder and chief operating officer. Martins Valters is a former auditor known for running the finance and operations side of Mintos since its start. He spent 11 years at Ernst & Young, from 2003 to 2015, auditing large financial institutions. He was chief financial officer of Mintos from 2015 to 2022 and has also held the chief operating officer role since 2017, overseeing operations, internal controls, and process development. In early 2022 he described the work behind the 2021 investment-firm licence as about 1,500 tasks completed across the company's teams. He holds a bachelor's degree in economics and business administration from the Stockholm School of Economics in Riga.
Karlis Kronbergs - Chief risk officer. Karlis Kronbergs is a credit-risk banker with more than 20 years in corporate lending. From 2002 to 2019 he held senior roles at Citadele Banka and its predecessor Parex Banka, Latvian banks, including head of credit risk and head of corporate and mid-sized corporate customers for the Baltics. He also sat on the supervisory board of Kredītinformācijas Birojs, where he contributed to the development of Latvia's first credit bureau. At Mintos he is responsible for the risk management framework, including anti-money-laundering and sanctions compliance.
Inese Lazdovska - Chief legal officer and chief compliance officer. Inese Lazdovska is a financial lawyer who joined Mintos in 2019 and leads its legal and regulatory compliance work. She was head of the legal department and a management board member at Baltic International Bank, a Riga bank, from 2012 to 2016, and earlier led legal teams at Citadele Banka and Parex Banka. She holds an LL.M. in financial law and regulation from the London School of Economics, an MBA in finance from Riga Business School, and a law degree from the University of Latvia.