Alternative investment platform Mintos has continued its pan-European expansion plans by officially launching in Italy and Spain.
The Latvia-headquartered firm launched in Germany last month.
Mintos connects investors with loan originators worldwide. Last year, it expanded its offering to include a fractional bond product and exchange traded funds.
Read more: Mintos ends 2023 on a high as supply fails to meet “surging demand”
Mintos commissioned Censuswide to carry out a survey of Italians and Spaniards to tie in with the new market launches.
The poll of 4,000 investors from both countries found that half are currently not investing in financial instruments.
Additionally, 40 per cent of Italian respondents and 33 per cent of those in Spain said that they would like to start investing in the future.
The ability to start by investing small amounts was cited as a key motivator, as well as the opportunity to learn more about the world of investing.
“The sizable segment of non-active investors indicates significant growth potential in Italy and Spain,” said Martins Sulte, chief executive and co-founder of Mintos.
“The nearly equal split between active and non-active investors underscores a strong interest in investment opportunities.”
Mintos was founded in 2015 and now has more than 500,000 customers across Europe.
It is authorised under the EU’s Markets in Financial Instruments Directive and currently manages more than €600m (£514m) of assets.
