Mintos, a Latvian-founded investment platform, is in the process of applying for a banking license from the European Central Bank and the Bank of Latvia. The co-founder and CEO, Mārtiņš Šulte, stated in an interview that acquiring a banking license is a logical step in the company's development. Despite becoming a bank, Mintos plans to continue focusing on investment services rather than evolving into a traditional bank offering a wide range of services.

The decision to apply for a banking license comes as part of Mintos's strategy to strengthen its position in Europe. While they have not yet submitted the application, the company is preparing the necessary requirements to move forward. The management believes that obtaining a banking license will allow Mintos to better serve its customers, provide a more transparent service, and become a more reliable service provider in the investment sector.

This move reflects Mintos's ambition to be a leading player in the European investment platform market. By establishing itself as a bank, Mintos aims to improve its operational capabilities and customer trust, potentially allowing it to expand its offerings and attract more clients in a competitive landscape dominated by traditional banking institutions.