Today P2P lending platform Mintos reported that the total funded loans volume in the last 6 months (October 2020 – March 2021) has grown by 44% in comparison to the previous 6 months (April – September 2020), when both investors and lending companies on Mintos faced unprecedented levels of uncertainty due to the Covid-19 pandemic. From the fourth quarter of 2020 to the first quarter of 2021 alone, the total funded loans volume on Mintos has grown by 26%. Mintos acknowledges that for the first time, the crowdlending industry experienced a major crisis due to pandemics. Some lending companies and platforms went out of business, while investors shifted from investing in loans to other asset classes. However, since the end of the summer of 2020, Mintos witnessed strong growth in investors’ confidence when it comes to investing in loans, particularly in loans issued by more established lending companies with a more consistent supply of new loans. According to the official statement, Mintos see lending companies continuing to grow back their loan issuance levels to or above the pre-Covid level, hence, expects a growing stream of investment opportunities on Mintos.
