The two biggest P2P platforms are Mintos and Twino taking over 60% and 20% of market share respectively. Around 9 companies that qualify as P2P investment platform currently operate in Latvia. Mintos was founded in 2015. In September 2018 the total amount of loans funded through Mintos have surpassed Eur 1 billion. Most of the loans funded through Mintos are personal loans with car loans coming second. In 2016 Mintos has raised Eur 2 million in funding from Latvian-based Venture Capital Skillion Ventures. Twino investment platform was launched in 2015, although the company has been operating since 2009 as a loan originator. Since the inception in 2009 TWINO has lent more than Eur 500 million in loans. More than 90% of all loans that are on TWINO platform are short maturity from 1 to 3 months.