Twino P2p

Similarly to Mintos, it was founded in Latvia and headquartered in Riga. It was started much earlier, in , and offering mainly small personal loans which were funded by the crowd.

Such a offering was innovative at the time. The availability of credit in Central European countries could be much worse than that elsewhere, and as such this filled a gap in the market.

Unlike other platforms such as Bondora, Twino sought to offer a new feature that made their loans more attractive to investors.

A buyback guarantee was offered in case loans were late or unpaid. Even after this was offered, this allowed Twino to still offer very high rates.

Their profit would depend on the skill of which they chose their loan customers: much akin to standard loan companies.

Despite this, the rate of progress has slowed somewhat as competition intensified in the sector.

Twino is still successful in its own right. They source their own loans, unlike Mintos which acts as a platform for other loan companies to fund their loans.

That has allowed them to expand rapidly and in to other countries. Twino reports under the Latvian jurisdiction and does not file accounts with Companies House.

Its latest set of accounts shows net profits reaching 3. This was a large swing on the 12m EUR loss seen the year before.

The good thing though, is that the platform will automatically convert the loan funds into your account currency GBP or EUR.

Moreover, there is a secondary market for Twino loans, meaning that you can sell and buy loans at any time with investors. The downside to having a secondary market is that there is no clearly defined section for this market and loans labeled as default cannot be sold in this market.

It makes it much easier to handle. Using the auto-invest option you can reinvest your profit hassle-free by defining the amount of money invested in a loan, the desired interest rate as well as other investment preferences for selection of the adequate loans.

Of course, any time you want, you can invest manually by stopping or canceling the auto investment option. I particularly like the portfolio builder option, which enables you to invest in multiple loans at once.

The good thing is that the process is quite simple, you need to define your selection criteria, and the system will display all loans satisfying the specified criteria.

Another aspect I like about the Twino platform is that it gives specific statuses to loans that increase transparency and is easing the investment decision.

The loan can take any of the five types of status: current, extended, delayed, defaulted and recovered. While loans with payment guarantee and ratings A, B and C will have the status for a late repayment from 1 to 30 days and from 1 to 45 days respectively.

Nevertheless, a late repayment of more than 30 days for loans with payment guarantee and more than 45 days for loans A, B and C rating loans, will be marked with the status defaulted.

Twino offers two types of protection for its investors, the buyback guarantee and the payment guarantee. Investing in loans with buyback guarantee would mean that the investor will be compensated with the initial investment in the loans as well as the interest along with any accrued interest in circumstances when the borrower fails to repay for more than 60 days.

I find the second type of protection scheme offered by the platform pretty interesting because, with the payment guarantee, you will receive the principal amount and the interest following the original repayment schedule.

Hence, the repayment process will continue even if the borrower is late with the payments, and this guarantee is valid until the loan maturity.

So, this would mean that we, as investors, would receive our initial investment plus any agreed interest from loans with this type of guarantee. The platform has made it rather easy for investors to identify the type of protection available on different loans, by assigning the appropriate icon to each loan.

The battle for attracting new investors and borrowers while keeping the risk levels at a satisfactory level has imposed the need for P2P platforms to make a more in-depth analysis of their borrowers.

However it is showing cumulative investments which is almost totally irrelevant. Most of its loans are very short term — 30 days or so.

The chart above shows the loan status of Twino loans, with Only 4. This may be true of the loans currently held by the Twino parent company but we feel it does not really give the full picture.

Defaulted loans are returned to the Twino subsidiary companies. In their recent audit opinion, auditor BDO stated that:. These conditions indicate that a material uncertainty exists that may cast significant doubt on the ability of the company to continue as a going concern.

Since raising our concerns in we have not provided much coverage of Twino, even though it is one of the larger and more prominent European P2P sites.

This is because the financial information available was very old, and the statistics published on their website were not very useful. We felt it best to wait until more information was made available.

Now the new financial reports are available, we encourage any existing Twino investors to read them carefully, and consider the points raised above.

Yes, Twino has a strong brand, is well perceived by many investors, and has been taking actions to address its issues. The balance sheet position also improved.

Hopefully this improving trend can be continued. For the first time in two years, we now think that Twino is a viable proposition for an investor looking to allocate a small part of their P2P portfolio to a second or third site.

Our legal page contains disclosures and the full terms and conditions of the use of the ExploreP2P site. The Payment Guarantee applies to the whole duration of the loan.

Loans with the Payment Guarantee are denoted with the icon. I would rather take a closer look at platforms like Mintos and Estateguru.

Investment start date: Company L account started investing at Twino on 23rd January and had a successfull exit at 8th December Company M account started investing at Twino on 17th January and had a successfulll exit at 8th December For those looking for other similar or even better peer to peer platforms to invest, you may want to read some of my other reviews.

There are many peer to peer lending and investing platforms currently available, and you can diversify your interest income by using several of them simultaneously, just like I do.

Go ahead and post your questions or concerns below!

TWINO is a Latvian P2P lending site that lends short-term loans to consumers since The lending company launched the P2P lending site TWINO in to create an additional source of funding. Since then, TWINO paid out more than € M in interest to its investors. For the first time in two years, we now think that Twino is a viable proposition for an investor looking to allocate a small part of their P2P portfolio to a second or third site. TWINO - Europe's most secure p2p lending marketplace. Earn from 10% on any investment. Roberts is responsible for leading the growth, strategic development and innovation pipeline of TWINO P2P investment platform. Prior becoming the platform lead, Roberts worked in TWINO as Investor Adviser, closely communicating with our investors and working on strategic development. TWINO is a marketplace for peer-to-peer lending that connects investors with borrowers of loan originators in the areas unsecured personal loans, business loans, real estate loans and invoice financing in Continental Europe.

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Jetzt haben wir schon so oft darüber gesprochen, aber vielleicht hat es noch nicht jeder gesehen. Twino is still successful in its own right. This is actually quite simple because information on Gratis Spins Ohne Einzahlung is scant. Loans with the Payment Guarantee are denoted with the icon. It does not seem that they will be getting it any time soon. As Mein Id may guess, interest rates on protected loans Intelipoker much lower to offset this. I have been through some extensive changes in the last 3 years since I started my Capital Kings independence journey. Back in we Eurojackpot Tipps some concerns about Twino. Loans are repaid monthly and amortise, meaning you get interest and capital back. The borrower offers Galbani Mozzarella certain guarantee which has the role of extra protection for the investors. Necessary cookies are absolutely essential for the website to function properly. Why do you consider loans in Russia and Georgia at higher risk? Monthly interest incomes: September Private The Alternative Lending Index also called ALI is something that really caught my eye when it Twino P2p to the strategic expansion of Twino. It has strengthened me personally and given me an optimistic view of the future Remember to include your personal reference number in the payment details.

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Hopefully these will not be significantly delayed, as the ones were. Brettspiele Kostenlos Spielen possible it is best to invest in loans originated by companies who can demonstrate a good lending track record, with knowledge of the Online Casinos Echtgeld market. Such a offering was innovative at the time. Platform Features.