- Business name: Twino
- Legal name: AS Twino
- Jurisdiction: Latvia
- Type: P2P platform
- Total invested: €1.2B
- Buyback guarantee: Yes
- Secondary market: Yes
- Licensed: Yes
TWINO is a Latvian based P2P lending platform, which started its activity in 2019. To date, more than EUR 1 billion has been invested through the platform by investors. The platform offers four loan types, which are consumer, business, real estate loans and invoice financing. TWINO has received its investment brokerage licence recently. The platform has its own loan originators, which are mentioned on their web page as related to the TWINO Group.
Board & Team
TWINO shares information about its owner and managing team. TWINO management team is built of experienced professionals, who have strong backgrounds such as in finance. Key management members are coming from good academic backgrounds as well, such as Stockholm School of Economics Riga and Riga Business School. TWINO has more than 300 employees worldwide, which are working in different teams.
The platform publishes its annual reports and statistical figures on their web page, but not the historical loan books. The latest available annual report is for 2019. Analyzing the financial performance of TWINO, the platform’s quick ratio was below 1 in 2019, which shows that TWINO did not have sufficient current assets to meet its short obligations. Compared to 2018, the platform’s liquidity got worse in 2019. The platform is more relied on and financed by equity rather than debt. It is cheaper to finance by debt, especially for financial institutions as they are dealing with debts-clients’ money. However, the return on assets is below 1, which means the platform did not use its assets efficiently.
Platform’s Score and Uniqueness
The platform offers essential features that can make the investment more easily and attractive to investors such as autoinvest and secondary market. There are withdrawals and buyback guarantees for the majority of loans. TWINO also offers personal guarantee to the payment of loans depending on the loan type. The investments can be diversified and the promised return is 12%, which is above market average return. The promised return is justified on the platform. Investing through TWINO is free of charge. There is a conflict of interest between the investment projects/loan originators and platform’s owners. Because the platform only sells loans issued by the subsidiaries.
TWINO is one of the biggest players in the P2P lending industry in Latvia, which offers the opportunity to investors to invest in four loan types with the promised return of 12% annually. The platform offers essential features for making investing much easier and attractive such as autoinvest and secondary market. TWINO has more than 300 members and a quite experienced and professional management team. The platform provides annual reports and other important statistical figures, which makes the platform more transparent and trustworthy. However, the latest annual report has been published yet and can mislead investors because it is important to see the financial health of TWINO in 2020 as it was a tough year due to global pandemic.