This is already our 10th weekly update, where I tell you the latest news in the TWINO Group. We are pleased with the trends that we are seeing both on the investor and the lending sides. The investor sentiment is returning to the normal levels with more and more investors increasing their investment portfolios. At the same time, the borrower loan repayment culture is improving as well. We have targeted higher quality customers lately, which was possible due to multiple adjustments in our credit risk scoring modules during March.
TWINO Group’s activities
- We have improved our Payment Guarantee. Starting from now on, the Defaulted status for these loans will be triggered on 61st date past due (DPD) not on 31st as until now. You will benefit from the fact that you will be able to sell these loans for a longer period, namely until 61st DPD. Moreover, this means that both BuyBack and Payment Guarantees are now aligned.
- We are restarting to issue new loans in Kazahstan, as we see that the situation in the country is improving. Nevertheless, for now, the volumes will remain low and its performance will be monitored very closely.
- Good repayment trends in all countries where we made some adjustments during March. For example, as we limited our sales volumes by issuing loans to higher-quality customers, we managed to significantly decrease (50%) the first payment default ratio in Poland. This gives us the confidence that we are on the right track.
- Just wanted to remind you that our first social fundraising campaign is still looking for your donations. You can donate starting from just €1. We have chosen to collaborate with the Children’s Clinical University Hospital in Latvia and for each euro donated by you, TWINO will match the donation with an additional €1.
- Proud of our TWINO Group CEO Anastasija Oleinika being listed as one of the most influential women in European Tech by Sifted, the Financial Time backed new media outlet.
In case of any specific questions do not hesitate to contact us.
