You will be able to purchase asset-backed securities (“Securities”) – financial instruments that are backed by underlying loans issued to the borrower, who may be a consumer or a business. The return on the Securities is a fixed interest rate and is applied to the amount invested by the investor that amortizes over the lifetime as the underlying loans are being repaid.
From now on you will be able to further diversify your investments on TWINO by investing in asset-backed securities based on business loans issued to “Hoang Kim Nhat Company Limited” – a consumer lending company operating in Vietnam under the brand name VAMO.
European peer-to-peer lender Twino has launched a new social investment product. It allows Twino investors to donate to causes rather than earn interest and the platform will match the amount raised. The first social fundraising project is for Latvia’s Children’s Clinical University Hospital, allowing young patients to be provided with convenient and safe remote consultations.
In Twino you can fund your account in either euro (EUR) or British pounds (GBP). The currency of your initial deposit will be set as the currency for your account and this will be the currency for your activities.
Twino works with different originators who publish their loans in the marketplace of the platform, but unlike Mintos, Grupeer, Lenndy and other Latvian platforms, Twino does NOT reveal who their originators are. In any case, it should be noted that it is Twino who is directly responsible for paying the guarantees of repurchase and guaranteed payments in case it is necessary in each operation.
At Twino we can sell any of our loans in the secondary market at any time . It does not matter the state in which they are and the rating they have: we simply go to MY INVESTMENTS, and from the list of loans we press the SELL button on the loan we want to sell.
We will only have to set the price and wait until Twino places the loan to one of the other investors based on their profile.
The default form of investment in Twino is Auto-Invest; To access the list of loans to invest manually, we must go to the INVEST section, and then to the MANUAL INVESTMENT tab. In this screen we will have access to the most important parameters that define each of the operations on this Latvian platform.
Twino allows us to invest both MANUAL and AUTOMATIC (Autoinvest) from 10 euros per operation. It is not always easy to find loans manually in Twino, so the most common thing is to configure Auto-invest and automatically invest in this platform.
Twino works with one of the leading banks in the Baltic and Nordic countries such as SWEDBANK. To deposit funds in our account, Twino will provide us with an account number in this bank and a concept to add to the transfer.
Twino does not charge any commission for this transfer and normally in a couple of days maximum we will have the money ready to invest.
The registration is open to citizens of ANY nationality. Twino.eu has a very simple registration process, which simply consists of filling out the initial form and making the first deposit in the account number indicated.
With more than 18,000 investors and 600 million euros financed, Twino.eu is undoubtedly one of the Latvian crowdlending platforms of reference in the European peer-to-peer lending landscape. Twino is a true giant of the European P2P Lending , only surpassed by Mintos in terms of volume of loans financed
Over the last two years their financial results were poor. However, following a restructuring, and the closure of unsuccessful locations, Twino reported much better financial results for 2018. Profits went from a €13m loss, to a €4m profit. The balance sheet position also improved. Hopefully this improving trend can be continued.
Last replied by chrisg76 on Wednesday, 08 January 2020
You may buy item on Secondary market hoping to get good profit.There are always people leaving the site and selling their investments, some people even sell things at a discount when they’re delayed. It does however take some time, because you have to do the purchases manually.
When a loan with the BuyBack guarantee defaults (has a delay of 30 days), it is bought back by TWINO, returning all funds invested in the loan plus interest for the 30 days of delay. Thus, you have to look for new investments in order to make your money work.
The difference with the Payment Guarantee is that the loan is not bought back after the 30th day of delay. The loan status changes to “Defaulted”, and you are no longer able to resell the shares, however you keep receiving monthly repayments of principal and interest in accordance with the original loan schedule until the loan is fully repaid.