Mintos Invest & Access vs. Bondora Go & Grow: My 1.000€ Experiment

Mintos recently launched Invest & Access as a new, simplified way to invest on the platform and to cash out more easily. I can’t help but think that they were at least partly inspired by Bondora Go & Grow, which I’ve been using since September of last year.

I’m going to compare the two peer to peer platforms and test out which one is better for short-term investments in P2P lending.

To find out, I invested 1.000 on both Mintos Invest & Access and Bondora Go & Grow on June 12th. Over the coming weeks and months, I’ll review which one offers the better experience, higher returns and how much money we can withdraw at different points in time.

Update (August 7th): 8-Week Update added!

About Mintos

Mintos launched in 2015 in Riga, Latvia. It has quickly grown to become the biggest P2P lending marketplace of its kind. The average net annual return investors have received on their money is 12,10%.

As of July 1st, 2019 over 2,6 billion Euros have been invested on Mintos by 153.000 investors from all over the world.

To put things into perspective, over 233 million Euros have been invested in June 2019 alone, which is more than the total sum of investments most competing European crowdlending platforms have collected since their inception (including Bondora).

Mintos has an enormous number of available loans with a buyback guarantee on its marketplace, offered by 63 loan originators in 30 countries. As a result, you’re able to diversify your peer to peer investments a lot within a single platform.

My experience with Mintos so far

My current investments on Mintos (Auto-Invest)

I added Mintos to my investment portfolio in October 2018. Ever since then, the auto-invest has been very reliable for me and has usually kept me fully invested.

However, since the launch of Invest & Access a couple of weeks ago, there have been some days where it wasn’t investing properly, even though there were plenty of available loans matching my criteria. Mintos already assured me that they’re aware and working on a fix.

A welcome development has been the increase in interest rates on the Mintos marketplace over the past few months, with plenty of buyback loans now offering up to 15–16% interest per year.

For all of these reasons, I’ve recently made Mintos the largest position in my own P2P lending portfolio as well.

I mostly invest in personal loans (short- and long-term) and car loans on Mintos, but they do also offer mortgage loans, agricultural loans, business loans and invoice financing (albeit at usually lower interest rates).

Check out my Monthly P2P Income Updates to find out how my Mintos investment has been going so far.

What is Mintos Invest & Access?

Yes, Mintos is also planning to launch an app later this year.

As you probably guessed when reading the name of their new investment strategy, Mintos launched Invest & Access to make investing as well as cashing out easier for the average investor.

And they do have a point. A lot of people might feel a little overwhelmed by the huge offering of loan types, interest rates, durations, loan originators and countries Mintos enables you to invest in.

Most people just want an easy way to invest their money and don’t want to spend much time trying to find the perfect auto invest settings or even change them on a regular basis, whenever a new loan originator joins the platform or there is a fluctuation in available interest rates.

They are more than happy to passively get the average annual interest rate of ~12% on the Mintos marketplace, while spending the least possible amount of time looking after their investment.

Those are exactly the kind of people Mintos is targeting with Invest and Access and I’m pretty sure most investors on the platform fall into that category.

At the end of the day, everyone has to ask themselves this question:

Is an additional 1–2% return per year worth spending extra time on?

For most, the answer is likely no. But it probably depends on the size of your investment and whether or not you’re a ‘power user’ (as Mintos likes to call people like me), who actually enjoys fiddling with settings to aim for the highest potential returns.

Setting up Mintos Invest & Access

In case you prefer the video format, here is a video of me opening my Invest & Access account live on June 12th.

Setting up Invest & Access was very simple and straightforward. First of all, you need to have a Mintos account. If you haven’t registered yet, you can get a 1% bonus on your investment on Mintos by signing up via my link.

After logging into your Mintos account, just click on Invest and you’ll instantly see the option to create your Invest & Access portfolio. All you need to do then is to enter the amount you want to invest (from 500€ — 100.000€), check the box and click on Invest.

In my case, I opened a new, separate account under my wife’s name and deposited 1.000€, so that I can better compare Invest & Access with my current Mintos AutoInvest strategy and Bondora Go & Grow over time.

Next, you’ll see the message above. You now have to wait a couple of minutes for Mintos to create your portfolio. Pro tip: The screen doesn’t refresh itself, so just refresh it manually after a couple of minutes.

Alright, we’re done! Our 1.000€ deposit is already (almost) fully invested after a couple of minutes. The small, remaining amount was invested shortly after.

One thing I forgot to mention: Set your portfolio target higher than the amount you invested (for example 1.050€ for a 1.000€ investment), to make sure that the interest payments you receive are reinvested into new loans automatically.

The portfolio Mintos created for us has a an average annual interest rate of 12,07% (not bad!) and our investments have an average loan duration of 21 months and 28 days.

But how diversified are our investments on the platform? Let’s take a look.

Even though our investment is relatively small, it was spread across loans from 36 different lending companies in many different countries, which is nice to see.

Now that we got the Invest part of Mintos’ new investment strategy out of the way, what about the Access?

To cash out part of the investment at any point in time, scroll to the top of the Invest & Access page and click on the Cash out link. Then, enter the amount you would like to withdraw from your investments and click on the blue Cash out button.

Shortly after, Mintos will start selling part of your loans according to the amount you entered and you’ll be able to withdraw that money. To make sure that money isn’t being reinvested via Invest & Access afterwards, make sure you also lower your Portfolio target to your desired amount.

You should know that you can only sell investments that are current right away, not the ones that are late or in grace period. With those you will have to wait until they either turn current again or a maximum of 60 days for them the be bought back via the buyback guarantee.

About Bondora

Bondora was founded in 2008 in Tallinn, Estonia. It is one of the oldest and most trusted peer-to-peer lending platforms on the market. As of July 1st, 2019 over 68.800 investors from all over the world funded 229,9 million Euros worth of loans from Estonia, Finland and Spain.

Until May 2018, the only way to invest your money with Bondora was by directly investing in consumer loans through Portfolio Pro or their Portfolio Manager.

While the average interest rate on the market is high, none of the loans on the platform come with a buyback guarantee, meaning that you could have to write off defaults from your returns and sometimes have to wait several years to get money back that you invested in single loans.

Bondora Go & Grow changed all of that last year.

What is Bondora Go & Grow?

Unlike the other investment strategies on Bondora, Go & Grow automatically invests your money in a well-diversified bucket of 50.000 loans across all credit ratings (AA-HR) and countries on the platform.

With Go & Grow, you don’t have to deal with potential defaults or late payments of single loans any more. The minimum investment is 1€.


However, its biggest advantage compared to most other P2P lending platforms is that you can access your money at any time. As a result, Go & Grow has quickly become the most popular way to invest on Bondora, which is probably where Mintos got its inspiration for Invest & Access from.

Bondora Go & Grow offers an interest rate of ‘only’ ~6.75% per year, but that’s the price you have to pay for instant liquidity. You also pay a flat 1€ fee when you make a withdrawal from your Bondora Go & Grow account.

You can see the interest your money is generating on a daily basis as it is added to your account, which can be very motivating.

My Bondora Go & Grow experience so far

If you’ve been following my blog, you probably already know that I’ve been very happy using Bondora Go & Grow to generate interest on money I might need again within a couple of months.

What I like the most about it is the liquidity it has provided me, while still earning me 6,75% per year on my deposits. I’ve made use of the easy access to my money several times since I started investing on Go & Grow in September 2018.

All in all, for me it has been the perfect investment product for short-term investing so far. As of July 1st, my Go & Grow accounts generated 103,34€ in interest on money that would just have been sitting around doing nothing on my bank account.

Setting Up Bondora Go & Grow

Once again, in case you prefer the video format, here is a video of me opening the Go & Grow account live on June 12th.

Let’s dive into setting up a Bondora Go & Grow account. If you don’t have an account yet, you can get a 5€ Bonus by using my link.

After logging in, select Go & Grow in the left sidebar and click on Start now.

Now, select your primary purpose for investing on Go & Grow. I selected Extra Income for my new account, but it won’t make a difference either way.

Here we need to give our account a name. I called mine Short term cash, as that’s usually what I’m using Bondora Go & Grow for.

Next, set the starting amount you want to invest and set the monthly amount to 0 if you’re not planning on adding something on a monthly basis. The years part doesn’t matter, that’s just a projection and won’t change anything.

If you want money that you wire to Bondora to be automatically transferred to Go & Grow, then enable the auto-transfers box, otherwise disable it. Lastly, click on Create my Go & Grow account to finish creating the account.

If you already transferred the funds you wanted to invest to Bondora beforehand, you’ll be able to select Bondora as Payment type to move the money over to Go & Grow.

Otherwise, you can make your deposit via bank wire, Trustly (usually faster if your bank supports it), credit card or TransferWise straight to your new Go & Grow account.

We’re done! Now our Go & Grow account can start earning interest right away and face off against Mintos Invest & Access over the coming weeks and months.

If at any point you want to cash out a part or all of your investment, select Withdraw from the left sidebar and then enter the amount you would like to withdraw.

Mintos Invest & Access vs. Bondora Go & Grow

As I mentioned in the beginning of the article, I invested 1.000€ into both Mintos Invest & Access and Bondora Go & Grow on June 12, 2019.

I’m curious to find out which one of the two platforms is better suited for short-term investments in peer-to-peer lending and how much money we’re able to withdraw at different points in time over the course of the experiment.

In theory, Mintos should end up beating Bondora Go & Grow on returns. However, Bondora Go & Grow starts adding regular interest payments after only a day, while Mintos usually takes a while to get things rolling. It will be interesting to see at what point Mintos takes over and if it’s worth sacrificing liquidity for.

Alright, let’s see how our investments are doing so far. We’ll take a look at the returns in Euros, compare the interest rate in the dashboard with our actual internal rate of return (IRR) and find out how much we’re able to withdraw (while taking into account the flat 1€ withdrawal fee on Bondora Go & Grow).

After 1 Week

Interest received after 1 Week:

Interest rate vs. Internal rate of return (IRR):

How much can we withdraw after 1 Week?

Watch my 1-Week Update Video for more details

After 2 Weeks

Note: Sadly I was one day late here, so this result was after 15 days.

Interest received after 2 Weeks:

Interest rate vs. Internal rate of return (IRR):

How much can we withdraw after 2 Weeks?

After 3 Weeks

Interest received after 3 Weeks:

Interest rate vs. Internal rate of return (IRR):

How much can we withdraw after 3 Weeks?

After 4 Weeks

Interest received after 4 Weeks:

Interest rate vs. Internal rate of return (IRR):

How much can we withdraw after 4 Weeks?

One Month Update Video

After 5 Weeks

Interest received after 5 Weeks:

Interest rate vs. Internal rate of return (IRR):

How much can we withdraw after 5 Weeks?

After 6 Weeks

Interest received after 6 Weeks:

Interest rate vs. Internal rate of return (IRR):

How much can we withdraw after 6 Weeks?

After 7 Weeks — Mintos finally caught up with Bondora!

Interest received after 7 Weeks:

Interest rate vs. Internal rate of return (IRR):

How much can we withdraw after 7 Weeks?

After 8 Weeks — Still pretty close

Interest received after 8 Weeks:

Interest rate vs. Internal rate of return (IRR):

How much can we withdraw after 8 Weeks?

Conclusion (for now): Which one is better?

At least to me, so far Bondora Go & Grow seems to be the better option when it comes to short-term investments in peer to peer lending, especially when it comes to liquidity.

As of August 7th, after having been invested on both platforms for eight weeks, we are unable to withdraw 38% of the funds on Mintos, because they are either late or in grace period. Meanwhile, on Go & Grow, we’re able to withdraw our entire deposit as well as most of the profit we made so far.

I find it interesting to see how the number of late loans on Mintos has been increasing every single week until week 4, until finally seeing a 5% drop in week 5. Then, in week 6 it went back up and jumped another 10% higher in week 7! Not much changed in week 8.

According to the Statistics page on Mintos, 25% of all currently outstanding loans are late or in grace period on average. Our number of 38% is now way higher than that, so I hope it will decrease again soon!

Otherwise it’s not a good sign for the loans Invest & Access is automatically choosing for us investors. As a result, Mintos Invest & Access lags far behind Bondora Go & Grow as far as access to your money is concerned. I’m curious to see how that number is going to change going forward.

After 7 weeks, Mintos finally caught up to Go & Grow in interest payments due to the higher interest rate, something that I actually expected to happen sooner than it did. Let’s see if Mintos will be able to stay ahead as far as interest payments go, but it’s still pretty close for now.

Stay tuned for my 9-Week update next Wednesday and for regular updates in the future on

Last but not least, if you’d like to support me and test out the platforms for yourself, you can…

What do you think of Mintos Invest & Access and which one of the two investment strategies do you like more? What’s your take on the results so far?

Originally published at on August 7, 2019.

Documenting my journey towards Financial Independence via my investments in Peer to Peer Lending and ETFs.

Documenting my journey towards Financial Independence via my investments in Peer to Peer Lending and ETFs.