FINANCE MEETS TECHNOLOGYBUILDING A FINTECH STARTUP

whoami?

Mārtiņš Eglītis

CTO @ Mintos, www.mintos.com

Why Mintos

● Made in Latvia● Operating in whole

Europe● ~20 employees

(about a half in IT)

Agenda

● Business idea and challenges● Technological challenges

Mintos is a peer-to-peer lending marketplace

Sharing Economy

Mintos Presence

● 9000 investors from 40 countries○ Currently mainly retail ○ Some institutional

investors● 12 loan originators from 6

countries

Mintos Presence

● Loan products○ Business loans○ Mortgage loans○ Personal loans○ Secured car loans○ Secured business loans○ Invoice financing loans○ Agricultural loans

Strong early traction

Total loans funded (cumulative)48M EUR

200K EUR 3M EUR

Mintos closes 2 million euro seed funding round

First business model● All loans are secured by real

estate and issued by Mintos● Latvia first, then new countries

would be added● Marketing activities to attract

borrowers

Traditional p2p lending

Marketplace model

Technology challenges

● Moving from MVP to IS○ Maintenance (monitoring, infrastructure)○ Quality assurance○ Deployments

Standards

● “Finanšu un kapitāla tirgus dalībnieku informācijas sistēmu drošības normatīvie noteikumi”

● OWASP Testing Guide

QA

QA

QA

Selenium IDE

Scrum

vs

Takeaways 1

● Business model isn’t static● Fintech is full of opportunities to change

market segments

Takeaways 2

● Automatic QA is easy to start● Don’t overcomplicate development processes● Monitor everything

Thank you!BTW We are hiring!

https://www.mintos.com