November is here and I hope you are doing as well as possible during this time of uncertainty. We are continuously keeping a close eye on existing and possible limitations set by governments of the countries we operate in and have developed an action plan that would be initiated if negative trends were to emerge with the second wave of the COVID-19 pandemic. An important part of the action plan focuses on the TWINO Group’s liquidity management and the safety of investor funds, thus we have already accumulated a significant cash buffer. In addition to that, the action plan focuses on such key areas as employee safety and loan portfolio quality management.

TWINO Group’s activities

• I am happy to introduce you to our new TWINO Ventures project – Lubana Park – a 14’500 m2 flex space (in Baltic states known as a stock office) development in Riga, Latvia. This Venture is already listed on our platform and comes with a 12-month term, an interest rate of 10% p.a. and is backed by a first ranking mortgage. Please adjust your Auto-Invest portfolios accordingly so you wouldn’t miss this opportunity. More details about the project are available on our website.
• Our banking partners have introduced some changes in their requirements for incoming payments, thus we kindly ask you to make sure that you are entering your investor’s number in the payment reference as Investor No XXXXXX when adding funds to your TWINO account. You can find the investor’s number by clicking the Add funds button on the Dashboard page – it is specified under Payment reference. This will help both us and our banking partners process your payments faster.
• Armands Broks, the founder of TWINO Group, recently shared his thoughts on the demands enforced on banks and how the changes have impacted the financial sector of Latvia. Check out the full article on our blog.

In case of any specific questions do not hesitate to contact us.