Mintos, a company founded a decade ago as a peer-to-peer lending marketplace, is now embarking on the process of acquiring a banking license from the European Central Bank (ECB). The company estimates that this process will take approximately 12 to 18 months, driven by the necessity of obtaining the required regulatory approvals. The acquisition of a banking license is seen as a crucial step in enhancing investor trust, thereby extending Mintos's financial infrastructure and supporting sustainable growth across Europe.

In recent years, Mintos has evolved from its initial role in peer-to-peer lending to becoming a regulated and diversified investment platform, currently serving nearly 700,000 registered investors and managing more than 800 million euros in assets. Over the last two years, the company has expanded its offerings by integrating products such as Fractional Bonds, ETFs, real estate investments, and Smart Cash, significantly boosting its presence in various European Union markets. This expansion underscores Mintos's commitment to adapting to the evolving financial landscape and meeting diverse investor needs.

According to Mintos, securing the ECB banking license represents the next logical phase in its development. With pending approval from regulatory bodies, the license aims to provide a robust foundation upon which Mintos can further enhance its service offerings and foster greater investor engagement and confidence in its platform. As such, this move signals Mintos's ambition to solidify its position in the European financial market and align with the broader regulatory framework governing investment services.