Mintos, an online lending marketplace for retail investors, has teamed up with Swedish payments firm Trustly. The alliance will enable Mintos’ clients to make real-time fund transfers from banks in 29 European countries.
Trustly CCO Johan Nord 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.”
The payments firm said that the partnership will simplify the investing process through Mintos, whose client base is expected to reach 100,000 by the end of this year.
Mintos CEO and co-founder Martins Sulte said: “Our partnership with Trustly is a natural fit and we are committed to opening up for an efficient movement of capital. To offer fast and highly secure transfers is important to meet 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 unrivaled European coverage that Trustly provides.”
Trustly said that it was selected by 80% of new Mintos investors during a trial phase in the Baltic countries owing to its “speed and convenience”.
The payments firm currently works with over 3,000 banks in Europe. It also has branches in Spain, Malta, Germany and the UK and employs 230 staff.