Twino is a platform that provides investment loans from the platform and always through the same platform receives payments from borrowers directly. When a payment is received it is divided proportionally based on the amount invested between all the investors who invested in that particular loan.
As soon as the borrower, pays the debt off, it will start to receive payments of both capital and interest, for the entire investment period. The funds are automatically transferred to the account of Twino. You can reinvest the money received for other loans or request a refund on your personal bank account.
There is a redemption date for any loan, then the investor will receive the money in his Twino account according to the regularity of payments made by each particular borrower.
Buy-back
Twino provides a BuyBack Guarantee on most of the loans that are listed on the platform: under the BuyBack Guarantee investor protection scheme, TWINO will compensate the investors both the invested principal amount and interest, as well as pay the accrued interest in case a borrower is late with the repayment for over 30 days.
Loans with the BuyBack Guarantee are denoted with the shield icon. Loans with the Ratings A B C are not covered by the BuyBack Guarantee.
In the event that the borrower is late with his payment for a loan without the buyback guarantee (rating A, B and C), Twino actively try to recover principal borrowed and the interest earned by the borrower with internal resources, as well as external partners.
Twino applies the same collection and recovery processes in both loans that are listed with the guarantee the purchase and credits that are listed without the buy-back guarantee.
Communication
Every day, a few seconds before Mintos, sends a summary email with a summary account of the events in the last 24 hours.
They also offer a monthly newsletter with Twino numbers and with the news arrived last month.
Secondary market
The secondary market seems fluid, and offers the opportunity to buy and sell credits both with discounts and premium.
Twino charge a small fee for each transaction.
Conclusions
The results look good for the moment, the platform seems solid and the fact that propose credits offered directly from Twino mitigates the risk associated with the possible default of the companies offering credit through the p2p platforms.
Twino debuted in 2009 in Latvia, Czech Republic and Poland in 2011, Russia in 2013, Georgia in 2014, and Mexico and Denmark in 2015. So the aspirations of Twino not seem to be European but world only with digits, in relation to originate loans that continue to grow up with values triple-digit year-on-year.
To date they have issued 250 million, revenue from interest and fees for 40 EBITDA by 25% and 336 employees.
It seems a platform that grows at an impressive speed, solid, healthy and promising. We will continue to trust him.
Last update 15/10/2016
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