More women invested in alternative loans in 2020

The number of women investing in alternative loans in Europe has increased dramatically during 2020, new research shows.

According to alternative investment market Mintos, women now constitute 15% of its total investor base – a 43% increase year-over-year.

Mintos found that Estonia had the highest proportion of female new investors, with women accounting for 36% of all new investors registered in the country last year. In Latvia and Lithuania, this number was 25% and 18%, respectively.

Read more: Millennials make up three quarters of Mintos investors

“The fact that a growing number of women are considering and actually starting to invest is a victory for everyone, knowing how under-represented this group of investors is,” said Martins Sulte, Managing Director and Co-Founder from Mintos.

“It also shows that alternative investments, especially loans, are an attractive asset class for female investors.”

A demographic breakdown of Mintos data showed that the average first investment amount among female investors ranged from € 20 (£ 17.50) to € 1,300.

Read more: The consumer credit market remains weak

Women from Germany, Denmark, Finland, Andorra, Serbia and Monaco tended to make an initial investment of € 50 or less. Meanwhile, Irish, Icelandic and Albanian investors initially invested between € 200 and € 1,300.

According to Mintos, the average female investor on the platform had an outstanding balance of € 2,028 at the end of last year, up from € 4,164 at the end of 2019. This would reflect the economic anxiety caused by the Covid pandemic. -19. .

“In January 2021, investment volumes have steadily increased, but it is too early to make projections at this precise moment,” Mintos added.

Read more: Consumers Improve Financial Planning During Covid

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