TWINO, Europe’s fastest-growing peer-to-peer lending marketplace, announces that it has funded €100m of peer-to-peer consumer loans across five European markets. The platform, which has an investor return rate to date of 12.31%, has seen investment from more than 6,300 active investors from over 30 different countries, with 26% from Germany, 12% from the UK and 11% from the EE and Latvia.
TWINO has seen a significant uptick in UK investors over the past 12 months, with December 2016 seeing a six times year-on-year increase in British investor numbers. UK investors funded the highest value of loans in December, representing 11.5% of the total portfolio and UK investors’ average portfolio size is the largest of all European investors.
The impact of the EU referendum vote weighed negatively on UK investor activity in the months before and after the decision, but interest has since rebounded, reflecting a renewed optimism from UK peer-to-peer investors. British investors are also able to invest in GBP, meaning they are shielded from currency risk. The average age of TWINO’s UK investors is 38.
The €100m milestone comes shortly after TWINO’s expansion into Russia in December 2016, which marks the first time that a peer-to-peer lender has listed Russian consumer loans for investors.
Jevgenijs Kazanins, CEO of TWINO, said, “Funding €100m of loans from our peer-to-peer platform in such a short space of time is a major milestone for TWINO. It demonstrates that in a volatile investment environment, investors are increasingly looking to diversify their portfolios and boost returns.
“We continue to grow quickly and we expect to double our platform volumes to €200m over the course of 2017. We also expect to see increasing numbers of UK investors, particularly as UK interest rates remain low and currency volatility remains high.”
TWINO’s industry-leading buyback guarantee means that investors are protected against default, and the short-term nature of its loans means that funds can be withdrawn at short notice. Its advanced risk model means that it only lends to carefully-vetted, approved borrowers. Over 99% of its investors have chosen the buyback guarantee.
As of 31 December 2016, TWINO increased its equity capital to €7.7m, primarily due to consolidation of Group assets under the TWINO Group umbrella.
TWINO is the fastest-growing peer-to-peer lending marketplace in Europe. It offers investors the chance to earn premium returns from unsecured consumer loans across Georgia, Latvia, Denmark and Poland.
TWINO is safe, simple and transparent. Its industry-leading buy-back guarantee means that investors are protected against default, and the short-term nature of its loans means that funds can be withdrawn at short notice. Its advanced risk model means that it only lends to carefully-vetted, approved borrowers.
Since it was established in 2009, TWINO has originated over €420m of lending. The company launched its marketplace investment platform in 2015 and has since attracted over 6,300 investors from more than 30 countries, in particular from the Baltic countries, Germany, and Great Britain.