Mintos, the multi-asset investment platform offering a unique mix of alternative and traditional investment options, has successfully negotiated a deal with Latvian growth capital fund FlyCap for €2 million. The funds acquired will contribute to fueling Mintos’ growth initiatives, including customer acquisition efforts across the European Union, and elevating the platform’s reach and impact. 

This fundraising effort comes on the heels of the company’s successful crowdfunding campaign with CrowdCube, which saw Mintos raise €3.1 million from over 3300 investors from more than 55 countries. The campaign was the second-largest campaign in the EU up until that point in 2024, reflecting strong investor confidence and support for the long-term success of the platform. 

Martins Sulte, CEO and Co-Founder of Mintos, commented on the news, saying "We are pleased to secure this funding from FlyCap and appreciate their confidence in our vision. This raised capital, along with the proceeds from our successful crowdfunding efforts, will enable us to propel our growth, bring added value to existing users, and reach a wider audience of future investors."

Janis Skutelis, Partner at FlyCap, added “We are excited to support Mintos as they continue to grow and innovate. Their impressive track record and strategic vision position them strongly for the future, and we are confident that this funding will help drive their continued success and expansion. We are impressed by the team’s ability to elevate the company to a multi-product platform, providing investors with a comprehensive suite of investment instruments and alternatives. By creating a one-stop solution, investors will no longer need to diversify their assets across multiple platforms, streamlining portfolio management and enhancing investment efficiency.” 

Year-end financial success and comprehensive market expansion

This latest debt funding follows a year of solid financial performance for Mintos. In 2023, the platform achieved a 30% increase in revenue, growing from €8.8 million in 2022 to €11.4 million. Additionally, Mintos reported a net profit of over €650,000 for the year. By year-end 2023, assets under administration surpassed €600 million, reflecting the platform’s growing market presence and increasing investor trust across key European regions, including Germany and Spain.

In recent months, Mintos has completed its expansion across all European markets, including official launches in Portugal and the Czech Republic. This achievement is in direct alignment with Mintos' commitment to broadening its reach and strengthening its platform’s impact across the continent.