Last year, Mintos applied for the Investment Firm license as well as for an Electronic Money Institution license. After the acquisition of both, Mintos will become a regulated marketplace.
We are convinced that regulation will help us grow in a sustainable way and will benefit our investors. Our goal is to offer the same Mintos experience, just in a regulated environment that adds value with increased investor protection and allows us to expand our services. Both licenses will allow such services to be provided across the EU and EEA.
Later in the year we shared another update with more details on the upcoming changes, as we look forward to making the transition to a regulated entity as smooth as possible for our investors.
We are now coming closer to a point where we will have submitted all the required materials to the regulator and we look forward to work with its team on the next steps.
We will be sharing with investors as soon as we have more updates.
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