P2P Lending Comparison
Mintos vs Twino: Which Fits Your Portfolio in 2026?
Both platforms operate from Riga, hold MiFID II licences from Latvijas Banka and offer secondary markets. One built the largest EU P2P marketplace; the other maintains a decade-long track record with a more consistent buyback guarantee. Capital at risk.
Key distinction. Mintos holds EUR 12.4bn+ cumulative volume and diversifies across consumer, business, car, bond and real-estate loans. Twino, with EUR 1.1bn+ volume, focuses on consumer, business and invoice lending and offers a buyback guarantee across its loan book. Both platforms are MiFID II-regulated by Latvijas Banka and provide secondary markets for early exit.
Platform Comparison
| Attribute | Mintos | Twino |
|---|---|---|
| HQ | Riga, Latvia | Riga, Latvia |
| Since | 2015 | 2015 |
| Regulator | Latvijas Banka, MiFID II | Latvijas Banka, MiFID II |
| Loan types | Consumer, business, car, bonds, real estate | Consumer, business, invoice |
| Buyback guarantee | Partial (originator-dependent) | Yes |
| Secondary market | Yes | Yes |
| Minimum investment | EUR 50 | EUR 10 |
| Target return | 9-11% | 10-13% |
Where Mintos Wins
- Scale and diversification. Over EUR 12.4bn cumulative volume and 700,000+ investors. Loan types span five categories including bonds and real-estate-backed notes, offering broader asset-class diversification than Twino's consumer, business and invoice focus.
- Compensation scheme. The EUR 20,000 investor protection fund covers eligible claims against the firm itself, not borrower defaults. Twino does not advertise an equivalent scheme.
- Notes structure. Following 2022 originator issues, Mintos restructured loans into regulated Notes, providing clearer legal ownership and investor rights compared to standard loan assignments.
Where Twino Wins
- Consistent buyback guarantee. Twino applies its buyback guarantee across the loan book, while Mintos offers buyback on an originator-by-originator basis - not all Mintos originators provide this protection.
- Lower entry barrier. EUR 10 minimum investment versus Mintos' EUR 50, making it easier to test the platform or diversify small amounts across multiple loans.
- Decade-long track record. Operating since 2015 without the originator-default episodes that prompted Mintos' 2022 restructuring, Twino maintained its buyback obligations throughout the period.
Bottom Line
Mintos and Twino both hold MiFID II licences from Latvijas Banka and offer secondary markets for early exit. Mintos provides broader loan-type diversification, larger scale and a EUR 20,000 compensation scheme that covers firm claims only - not borrower defaults. Twino offers a more consistent buyback guarantee across its loan book and a lower EUR 10 minimum. Neither platform guarantees returns, and both carry the risk of partial or total loss of invested capital.
If you prioritise asset-class diversification and regulatory compensation for firm-level claims, review Mintos in full. If you prefer a more consistent buyback guarantee and lower minimum investment, verify Twino's current terms directly with the platform before committing funds. Consider splitting exposure between both platforms if you want regulated secondary-market access alongside differing buyback structures.
Start with Mintos
MiFID II-regulated, EUR 12.4bn+ cumulative volume, five loan categories. EUR 20,000 compensation scheme covers firm claims, not borrower defaults. Capital at risk.
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