Mintos vs PeerBerry

Mintos and PeerBerry are large platforms for peer-to-peer lending in Europe. Both focus on private investors. The editors of InvestmentPlatforms.EU compared them based on return, offer, ease of use and risks. We use both platforms. Mintos is our favorite, but the offer and simplicity make PeerBerry a strong platform.

Important: peer-to-peer lending involves risks. You can lose part or all of your investment.

Mintos vs Peerberry

Mintos and PeerBerry are two popular European peer-to-peer lending platforms. Both are based in Latvia and work with external loan companies that offer loans on the platform.

Mintos offers more diversification, more data and extra investment options. It has grown into the largest P2P platform in Europe, with dozens of lenders from different countries. You can invest in personal loans, business loans, and alternatives like bonds or ETFs. PeerBerry is fully focused on peer-to-peer lending. Almost all loans come from one group (Aventus Group and its partners). Still, it has become one of the biggest platforms in Europe.

Other platforms that investors often compare with these two are Debitum and Bondora.

Invest via Mintos, Europe’s P2P leader with 11.62% average return, or Freedom24 for top-rated bonds (B+) with 6% yield, starting at 1000 euro. Investing involves risks. You can lose your investment.

Offer

Both platforms have a large number of personal loans in which you can invest (peer-to-peer lending). They have already financed billions of euros, so there is plenty of choice. This makes it easy to spread your investment across many loans.

On Mintos, you get access to thousands of loans, with terms ranging from a few days to several years. You can choose loans from different countries, sectors and risk levels. The loans come from loan companies. Mintos works with dozens of lenders from Europe, Asia and Latin America.

PeerBerry mainly works with Aventus Group, a large lender offering loans from Lithuania, Czech Republic and Kazakhstan. Almost all these loans are short term and in euros. Since 2024, PeerBerry has slowly started to expand to other regions, with new lenders from Spain, India, Mexico, Colombia and parts of Africa.

The offer is less broad, but the loans often have good interest rates and short terms. Many loans have a term of up to 30 or 60 days.

Invest via Mintos, Europe’s P2P leader with 11.62% average return, or Freedom24 for top-rated bonds (B+) with 6% yield, starting at 1000 euro. Investing involves risks. You can lose your investment.

Returns

Both platforms offer gross returns between 9 and 12 percent, depending on the loan term and lender. Due to defaults, delays or costs, net returns are usually a bit lower.

Mintos shows the expected net return for each loan, based on risk and past performance. With active selection, you can achieve more than 10 percent, but this requires more time and knowledge. You can also choose Mintos Core, an automatic investment option with an average return of 9 to 10 percent.

PeerBerry offers less variation but is more consistent. Many loans give 10 to 11 percent interest, often with short terms. The platform reports an average net return of just over 10 percent, with few fluctuations.

Risks and guarantees

Both platforms work with personal loans, and sometimes things go wrong. The Mintos Rating system can help, but it is not a guarantee. Both platforms offer a buyback guarantee. This pays back your investment and interest if a loan has problems and misses payments for more than 60 days.

This guarantee is offered by the loan partners, not by the platforms themselves. If the loan company has financial trouble, you can still lose your money. Mintos offers a lot of diversification, but the risk depends on the lender, and some have had problems in the past.

PeerBerry works with fewer lenders, mostly from the same group. This limits diversification, but the group has been reliable so far. For example, during the war in Ukraine, they used group reserves to cover delayed payments. That can be an advantage, but it also means that if problems arise, your whole portfolio could be at risk.

Regulation and supervision

Both platforms are based in Latvia and are supervised by the Latvian Financial and Capital Market Commission (FCMC), the financial regulator of Latvia.

Mintos has a more complete investment service license (MiFID II) because it also offers other investment products under European rules. PeerBerry has an ECSP license. This license is smaller, but it is made specifically for crowdfunding and peer-to-peer platforms.

Ease of use

PeerBerry has a smaller offer, which makes it more clear. You create one Auto-Invest rule, or choose manually from a small list. Each loan shows the same interest rate, term, and buyback info, so you can decide quickly. The app is simple, but clear. You can be done in a few minutes.

After that, the process usually runs smoothly and you do not need to check it often. You can send money easily from your bank or set up a monthly payment. The Auto-Invest strategy does the rest.

Mintos takes a bit more time because you have more options. You can use Auto-Invest, Mintos Core and manual investing. This gives you control, but setting it up takes more time. If you activate Auto-Invest without changes, the platform may use your balance for risky and long-term loans.

We from the editorial team have been using Mintos for years and actually like the longer terms. Still, we log in now and then to check if everything is going well. We usually use the desktop version, because it has more settings, products and filters. But all of these are also available in the mobile app.

Conclusion: we prefer Mintos

Mintos and PeerBerry are both good options for investing in peer-to-peer loans. Both offer good returns, and the editors of InvestmentPlatforms.EU have had positive experiences with both. Mintos takes more time at the start, mainly because of the larger offer and the extra filters and settings.

If we have to choose, we prefer Mintos. At PeerBerry, the chance of a loan running into problems is smaller, but if it happens, the risks are higher. If you plan to invest larger amounts, Mintos gives you more ways to spread your risk. It works with more lenders, who offer the buyback guarantee, and you can also invest in property and business loans (bonds). Mintos also allows you to park money for a short time with Smart Cash.

Still, we think PeerBerry has a strong offer. It provides many loans with good interest rates and short terms. That is why we invest in both platforms.