Here’s a recap of November 2024 key numbers and developments.
Market updates
The Polish market just got more exciting!🎉 TWINO Group’s Fincard Sp. z.o.o. has been granted a national payment institution license by the Polish Financial Supervision Authority (KFN), with the decision finalized on November 22.
This license provides payment rights comparable to those of a bank, opening doors to significant growth opportunities in payment services and e-commerce, as well as the possibility of expanding beyond Poland.
Over its two years of operation, Fincard has achieved remarkable results, demonstrating strong growth and strategic development. In 2023, the company’s net profit reached €7.27 million, with a gross portfolio totaling €33 million as of today.
We’ll be sharing more about this milestone soon and what it means for the company’s growth and future plans.
Moreover, we have launched a special year-end Cashback campaign for investments in Loans, which offers you a 2% cashback bonus on any new investments in Polish loan securities! Simply enroll in the campaign, invest in Polish loan securities on the primary market by December 31st, and claim your bonus. Learn more and enroll here:
Other updates
Working hours during December. Please be aware that during the Christmas and New Year holidays, the TWINO customer support team will have limited availability. We will be on holiday from December 23 to 26 and again from December 28 to January 1. This also means a delay in payment processing, so please plan your funding and withdrawal transactions accordingly. Regular operations will resume on January 2, 2025.
Despite these adjustments, the TWINO platform will remain fully accessible throughout. You can still reach out during holidays, and we will ensure a prompt response on the next business day.
Thank you for your understanding, and we wish you a joyful holiday season!🎄
Update on war-affected loans. Please see the latest summary below:
