Mintos Crowdfunding

dazed+confused

What do people make of the Mintos crowding due to start on 16th Nov?

https://www.mintos.com/en/mintos-is-crowdfunding/

I see there are various gifts on offer for different levels of investment, but what actually happens to my investment amount?

€10 – Shareholder community

You’ll get exclusive access to the Mintos crowdfunding investors section on our community forum.

€500 – First-hand product access

You'll join a select community of Mintos customers who get early access to new products and ideas. Plus, you'll get the exclusive access to the shareholder community too.

€1000 – Mintos swag

Your choice of exclusive Mintos swag: thermos, water bottle, or baseball cap. Plus, you’ll get early access to new products and our shareholder community too.

€2500 – Exclusive Mintos card

You’ll get a limited edition Mintos payment card (once we launch it), as well as our coveted black Mintos sweater. Plus, you’ll get all rewards from previous tiers, too.

€10 000 – VIP access to our CEO

You’ll have direct contact with our CEO and Co-Founder Martins Sulte for any ideas and questions around Mintos. Plus, you’ll get all rewards from previous tiers, too.

Timmaay

Peer2peer, dont mind any of the sales pitches, its subprime lending, run away fullstop is my advice.

Timmaay

https://kristapsmors.substack.com/p/p2p-or-wtf-platforms-how-its-going?fbclid=IwAR1Lz07Co8_kU1Lz3-pFGn5GMynaXNiW7ACQ-a__oBdYMZ4FLCbrjr9n68w

I'm still licking my wounds after losing 100% of capital that I put into Grupeer which at the time appeared to be one of the better p2p.

dazed+confused

Thank you both, your posts seem to tally with the advice I am getting elsewhere.

littlevillage

Mintos is one of the biggest and seemingly one of the best p2p companies around Europe. There's a few of them floated as public companies and doing OK. DYOR

Soo this 'opportunity' looks like a chance to buy a share in Mintos in the hope that you can get a nice dividend or it gets bought out/floated in the future...and your investment is then valued at a lot more.


Personally I am a lender on Mintos and made a nice few bucks (10-15% returns) between 2017 & 2019...when it was absolutely flying. I fortunately liquidated nearly all my accrued capital in Dec 2019. Now, with Covid things have gotten decidedly sketchy for p2p companies (as it has for all financial companies)


There's a full thread that discuses p2p

https://www.boards.ie/vbulletin/showthread.php?t=2057851347

You might be better off just signing up as a lender and seeing how it goes from there. The whole buying a slice of the company is all a little too "Jam tomorrow" for me

Jim2007

dazed+confused wrote: »

I see there are various gifts on offer for different levels of investment, but what actually happens to my investment amount?

It's not an investment, you are basically a disadvantaged venture capitalist, pouring money into subprime lending. The presents are a thank you for your donation.


If all goes really well you might make some money, if not too bad so sad.

Hoffmans

Must be a gold plated gucci mintos baseball cap for 1000€

dazed+confused

Hoffmans wrote: »

Must be a gold plated gucci mintos baseball cap for 1000€

Was thinking the same!

thefridge2006

Might be of some interest to some in here -

https://www.independent.ie/business/irish/hundreds-of-peer-to-peer-lenders-on-the-hook-if-viking-splash-goes-down-39750467.html

dazed+confused

Unfortunately I think we may see plenty of similar stories in the coming months.