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Lendsecured publishes its annual report
10/02/2021
Sneakypeer Newsletter Week 6
Welcome back to the Sneakypeer newsletter! Below you will find industry highlights from last week.
Reinvest24 now offers investment opportunities in Spain
Reinvest24, an Eastern European real estate crowdfunding investment platform, announced the opening of its new branch in Spain last week. After extensive research of the country’s market throughout 2020, Reinvest published their first Spanish project in December and has since then hired two employees to represent the platform in Spain.
According to Reinvest, the Spanish market is not currently exceptionally popular among investors, however, the platform has discovered that the country may, in fact, hold profitable future investment opportunities. Spain experienced a substantial recession after the start of the pandemic, therefore now is a great time to consider buying real estate, as there is a decrease in buyers and overall uncertainty in the market. Although Reinvest does not predict a dramatic influx of prices of real estate in the near future, the platform does anticipate seeing a gradual increase of prices to compensate for the inflation.
Twino makes several vital improvements in February
As we announced in our email last week, Twino recently changed its legal form from SIA (Private limited company) to AS (Joint-stock company), as well as made key changes to its company board. Besides the reorganization process, the platform has also developed new versions of iOS and Android apps, solving bug problems and improving notifications and device compatibility. Twino has also taken a great leap towards transparency, as the platform now lists information associated with its loan originators on its website.
Twino additionally plans on conducting interviews with country managers of loan originators, giving investors a chance to ask questions on lending operations and hearing the country managers’ responses and comments.
Lendsecured publishes its annual report
LendSecured, a Latvian online real estate crowdfunding platform, has published its annual report, displaying its profit of 2020 and comparing it to that of 2019. The recent actions the platform has taken towards transparency can largely be ascribed to Sneakypeer’s effective communication with Lendsecured and our encouragement to post the annual report online. As a peer-to-peer analytics platform, we are glad to gradually stimulate more transparency into the industry by actively communicating with platforms, that way creating a more risk-free environment for investors.
