Multi-asset platform aims to cater to cautious Czech investors with new portfolio options.
They include both traditional and alternative assets like loans, bonds and ETFs.
Mintos, the
multi-asset investment platform, announced its official launch in the Czech
Republic today (Thursday), marking the latest step in its European expansion
strategy. The move comes as the company seeks to capitalize on growing
investment interest in the Czech market, while addressing the cautious approach
of local investors.
Mintos Expands to Czech
Republic, Tapping into Growing Investment Market
Founded in
2015, Mintos has attracted over 500,000 users across Europe and currently
manages more than 600 million euros in assets under administration. The
MiFID-authorized platform offers a blend of alternative and traditional
investment options, including loans, bonds, ETFs, real estate, and a cash
management product called Smart Cash.
Recent
surveys indicate that 38% of Czech citizens currently invest part of their
earnings, reflecting a growing interest in wealth-building strategies. However,
the data also reveals a tendency among Czech residents to avoid high-risk
investments, with women twice as likely as men to abstain from investing
altogether.
"These
insights reveal a cautious approach to investing among Czechs. This underscores
the importance of offering investment options that align with their risk
tolerance and investment goals,” Martins Sulte, CEO and co-founder of Mintos,
commented.
Sulte
emphasized the platform's focus on long-term, passive investing as a key
differentiator in the Czech market. "Our goal is to make investing
accessible to all levels of investors, providing simple ways to diversify
portfolios with both traditional and alternative assets," he said.
Stocks,
bonds, and precious metals are the most popular investment options among Czech
investors. Mintos aims to complement these preferences with its investment
products, allowing retail investors to consolidate portfolios and manage long-term
investments from a single platform.
For Mintos,
this is one of the next licenses obtained in Europe. The platform, which
started with investments in loans and later expanded its range to include more
instruments and asset classes, also received authorization from the Latvian
financial watchdog a few years ago. However, the official European rollout only
took place this year, beginning with the German, Spanish, and French markets.
Revenue Increased by 32% in a Year
A few months ago, Mintos published its annual report for 2023, shedding considerable light on the financial health of the fintech company. Last year, revenues reached €11.1 million, marking an increase of over 30% from €8.4 million reported in 2022. Consequently, the total comprehensive profit reached €1.05 million, doubling from €529,000 the previous year.
"In 2023, we continued to make significant investments in IT systems with a total investment of EUR 1.810 million, compared to EUR 1.404 million in 2022," the company commented in the report.
The report also showed that the number of managed assets increased by 35% annually, similar to the number of registered users. On average, Mintos acquired 3,000 new clients per month.
Mintos, the
multi-asset investment platform, announced its official launch in the Czech
Republic today (Thursday), marking the latest step in its European expansion
strategy. The move comes as the company seeks to capitalize on growing
investment interest in the Czech market, while addressing the cautious approach
of local investors.
Mintos Expands to Czech
Republic, Tapping into Growing Investment Market
Founded in
2015, Mintos has attracted over 500,000 users across Europe and currently
manages more than 600 million euros in assets under administration. The
MiFID-authorized platform offers a blend of alternative and traditional
investment options, including loans, bonds, ETFs, real estate, and a cash
management product called Smart Cash.
Recent
surveys indicate that 38% of Czech citizens currently invest part of their
earnings, reflecting a growing interest in wealth-building strategies. However,
the data also reveals a tendency among Czech residents to avoid high-risk
investments, with women twice as likely as men to abstain from investing
altogether.
"These
insights reveal a cautious approach to investing among Czechs. This underscores
the importance of offering investment options that align with their risk
tolerance and investment goals,” Martins Sulte, CEO and co-founder of Mintos,
commented.
Sulte
emphasized the platform's focus on long-term, passive investing as a key
differentiator in the Czech market. "Our goal is to make investing
accessible to all levels of investors, providing simple ways to diversify
portfolios with both traditional and alternative assets," he said.
Stocks,
bonds, and precious metals are the most popular investment options among Czech
investors. Mintos aims to complement these preferences with its investment
products, allowing retail investors to consolidate portfolios and manage long-term
investments from a single platform.
For Mintos,
this is one of the next licenses obtained in Europe. The platform, which
started with investments in loans and later expanded its range to include more
instruments and asset classes, also received authorization from the Latvian
financial watchdog a few years ago. However, the official European rollout only
took place this year, beginning with the German, Spanish, and French markets.
Revenue Increased by 32% in a Year
A few months ago, Mintos published its annual report for 2023, shedding considerable light on the financial health of the fintech company. Last year, revenues reached €11.1 million, marking an increase of over 30% from €8.4 million reported in 2022. Consequently, the total comprehensive profit reached €1.05 million, doubling from €529,000 the previous year.
"In 2023, we continued to make significant investments in IT systems with a total investment of EUR 1.810 million, compared to EUR 1.404 million in 2022," the company commented in the report.
The report also showed that the number of managed assets increased by 35% annually, similar to the number of registered users. On average, Mintos acquired 3,000 new clients per month.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Ebury Kicks Off Partnership with AS Monaco for Upcoming Ligue 1 Season
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
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As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
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Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
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Ready to Scale? Regtech in Australia, A Global View | FMPS:24
Ready to Scale? Regtech in Australia, A Global View | FMPS:24
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
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In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
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Resilience in Trading: From Third Class To World Class | FMPS:24
Resilience in Trading: From Third Class To World Class | FMPS:24
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
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Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
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IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
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For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
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