Why I Don't Invest On Mintos | Mintos Review 2023

This video sums up the reasons why I don't invest on Mintos in 2023.

#mintos #review

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[robertniebieski]

I totally agree with you. I cannot understand why people who are aware of this, keep investing there.

[jerekallio]

I've been investing small amounts in Mintos for 1.5 years, currently my interest rate has been around ~12%. Took some money out of there because I saw posts on internet telling they can't get their money out. I had no problem. I've always skipped Russia, Poland and other Slavic countries though.

[PPEmpire]

🧐 What's your long-term experience with Mintos?

[johnnyssify]

When i started investing in 2022 in P2P lending i was about to do it on mintos untill i found your channel and switched to PeerBerry. I think i made the right choice and the war in Ukraine proved they are trustworthy and in 1 year and 6 months they paied back all the lost funds from the 2 regions. Thanks!!

[ucv]

I totally agree! Had the same issue with Mintos and have exited the platform with funds still in recovery

[efoplistis]

Thanks for the video Jakub. I have the same opinion on Mintos too. Should stay away from risky platforms.

[MrShpoulsen]

Your analysis is flawed. Mintos as a platform should not be reviewed on the basis of its worst Loan Originators. Generally in P2P we need to separate platforms and loan originators.
Mintos has some awesome LOs like DelfinGroup and Eleving Group, but also some truly risky Mexican, African and Indonesian lenders.
It is dishonest to just take a dumb average of everything on the platform and say that is the experience you will have.
Especially because Mintos offers auto-strategies that effortlessly sorts LOs by risk scores.
My Mintos is currently investing in high-quality LOs at interest rates of 13-17.5% which is a substantially higher return than offered on most other platforms.

Also you are wrong about Mintos profitability:
Mintos turned a profit in 2022 and in Q1 of 2023

[SparaCash]

Same. I think roughly 20-30% of my investment on Mintos got stuck in recovery limbo. Scumbags.

[ottonellomattia]

Same reasons I exited in 2021, still have a bit with Everest, always on time and just waiting for it to be repaid.

[sirPacoDrake]

Certainly they have chosen poorly some lenders in the past, probably their fast growth strategy led to many mistakes. But I have seen improvements in their due diligence and scoring, and even in the defaulted loans performance. I have earned over 20k Eur in interest since 2019, having 67 Eur written off so far, but with the defaulted loans I expect an additional 2-3k Eur to be lost during recoveries in the next years. Even so, it is still not a terrible performance, but I agree it was not worth it overall, since it falls below current industry ROI standards considering everything. Certainly better platforms out there.

[miguelpessoajorge]

That is not my experience with Mintos. Mine has been great

[ruipereira]

Totally agree. Exited in late 2020 and never returned. Interests do not seem totally allined with investors. Too much pending payments and defaults. Risks exist but the name for Mintos seems to be poor risk management.

[rafaeloliveira]

I am also slowly leaving the platform, i had many defaults. Now, i am just waiting they pay my money.

[Pndmc]

I'm currently increasing my funds in Mintos because Peerberry cash drag is a disaster..

[jekabssaulitis]

I have invested since 2019. Everything has always payed out. Never had a problem. One of the best I use. So Im suprised about this negative review. But maybe i have been just lucky?