Trading platforms

Latvian lending platform Mintos is launching a crowdfunding campaign on Crowdcube today. By doing so, the platform hopes to raise additional growth capital. It has plans for further international expansion and to launch new investment products.

CoinMart, a Dutch cryptocurrency broker, has raised 2.8 million euros. The funding comes from IDG Capital, which is also announcing a partnership with the crypto broker. This brings the platform’s total funded amount to 14.3 million euros.

Online broker Trade Republic has generated its first net profit in its financial year to September 30^th 2023. The milestone comes five years after the platform’s launch. According to the company’s founder, Christian Hecker, it now has 35 billion euros in assets under administration.

Latvian lending platform Mintos has launched a new product: Mintos Core ETF. The platform curates a collection of ETFs, personalized to user’s profiles. By doing so, it wants to simplify the process of investing in ETFs and ensure accessibility for all types of investors.

European online investment platform, Scalable Capital, has raised 60 million euros in equity financing. This round brings the company’s total funding to 326 million euros. The company wants to use the funding to achieve further growth.

A year ago, international peer-to-peer lending platform Monefit launched its automated investment solution called SmartSaver. The solution has helped the platform create a value of 900 thousand euros within a year. “We are really happy to see that thousands of people all around the world are using Monefit SmartSaver to meet their money goals”, says Monika Niebelska, VP of Product.

German online broker Trade Republic is adding a new product today: fractional bonds. From now on, customers can invest in 500 liquid government and corporate bonds. This should provide investors with higher long-term interest rates.

Lithuanian agricultural investment platform HeavyFinance has financed 40 million euros in agricultural loans in Europe. Almost 1,400 crowdfunding loans have been financed. Most of the funded loans are situated in Lithuania.

Cryptocurrency exchange platform Binance has canceled its registration in the United Kingdom. The platform’s division in the country was launched in 2020, but it was dormant and never engaged in any regulated activities. It is the platform’s third withdrawal from a market within the last couple of months.

European investment platform Freedom24 has launched new long-term savings plans. Users can receive up to 3.63 percent interest on their deposits in euros. On deposits in dollars, users can even receive up to 5.58 percent per annum. It complements the platform’s existing D-account savings product.