Cross-border payments provider Trustly has partnered with alternative lending marketplace Mintos.
Through the integration of Trustly’s banking payments, Mintos can offer investors an easy way to transfer funds from bank accounts in 29 European countries, all in real-time. By working together, they can simplify the investment process on Mintos.
Latvia-headquartered Mintos is a P2P lending marketplace which empowers retail investors to invest into loans originated by a mix of alternative lending companies around the world. Users can invest into loans for cars, invoices, businesses, personal, short-term, agricultural and mortgages.
Some of the loan originators include ACEMA, Extra Finance, Nord Lizings, Capitalia, Argo Credit, Lendo.ge, Credit Star, Get Bucks, Debifo, and Cream Finance, among others.
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.”
Founded in 2008, Trustly is a cross-border payments solution which supports direct money transfers from bank accounts in 29 countries across Europe.
Earlier in the year, Trustly formed a partnership with Latvian national airline airBaltic, in order to help its customers buy tickets online and directly from their bank account.
Nordic Capital acquired Trustly earlier in the year, tapping its ninth fund to buy the company from its previous holder Bridgepoint Development Capital, for an undisclosed amount.
With Nordic Capital’s support, Trustly’s main goal was to grow across merchant verticals, products and geographies.
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