Trustly, the European payments company, has partnered with Mintos, a global online marketplace for loans which provides retail investors with a way to invest in loans from around the world.
By implementing Trustly’s direct online banking payments, Mintos now allows investors to easily transfer funds - in real-time - to and from bank accounts across 29 European countries. The collaboration will facilitate and simplify investors to invest in credits through the Mintos marketplace.
Mintos has a fast-growing customer base and the number of investors using the platform is expected to reach 100,000 by the end of the year. With Trustly’s method for direct online bank transfers, the investors using the Mintos marketplace will be able to transfer money in real-time, without having to wait as is required with conventional clearing systems. During the test period in the Baltics, 80% of newly registered investors chose to transfer their funds with Trustly because of its speed and convenience.
Martins Sulte, CEO and co-founder at Mintos said: “Our partnership with Trustly is a natural fit and we are committed to facilitating the efficient movement of capital beyond borders. To offer fast and highly secure transfers it is important to meet our investors demand for a seamless, fast and simple user experience. We are very pleased to be able to grow our offer with both an in-demand payment method and the unrivalled European coverage that Trustly provides.”
Johan Nord, CCO at Trustly said: “We are delighted to partner with Mintos, who will make our bank payment method available to their growing investor base. We have a common interest in making online payments as convenient and efficient as possible for local and international investors. This partnership is an excellent example of how two financial technology businesses can partner to create value for investors by streamlining the transaction process, while also delivering the highest level of transaction security.”