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.
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