TWINO Group 2020 Financials Now Available; Ready for Brokerage License in Latvia

TWINO Group’s Consolidated Financial Statement for year 2020 is out and we are excited and proud to share that a record-high net profit of EUR 7.4 million was reached, which is an increase of 28% compared to the previous year.

TWINO Group CEO Anastasija Oleinika comments that

TWINO’s overall financial indicators for 2020 were equivalent to its 2019 results, which is an impressive achievement, bearing in mind the global economic challenges created by the pandemic, which spared no one”.

In 2020, Group income reached EUR 61.6 million, which is an increase of 30.2% compared to 2019, and issued loans totaled EUR 158 million.
Since its foundation in 2009, TWINO Group has already issued loans with a total value of EUR 1.4 billion.
Investors funded EUR 138 million worth of loans in year 2020, with the total amount now having reached EUR 843 million since the inception of the platform in 2015.
Over the past year, TWINO Investment Platform continued to successfully attract new investors. By the end of the year, the number of identified platform investors had increased to 23,729, which is 20% more than the previous year.
In 2020, the company continued its preparations for becoming a licensed investment broker, to transform TWINO Investment Platform into a regulated company this year. TWINO is in the final stage of obtaining its investment broker’s license, and favorable feedback has been given by the Latvian regulator, which means that the license will be received in the coming days.

To see TWINO Group’s Consolidated Financial Statement for the year 2020, please follow the link here. Also, a short overview of the results is available on the TWINO Blog.