The last month of 2020 has begun and I hope that you are already excited about the holidays. With December being a shorter month when it comes to business days, everyone here at TWINO is doing their best to conclude the year as a success.

TWINO Group’s activities

• Speaking of success – November brought us great investment growth volumes with € 12.6 million worth of loans financed on our platform, making it our best month since March. Thank you for putting your trust in TWINO by increasing your investments!
• At the end of October, I shared with you that TWINO has opened a new bank account with Baltic International Bank (BIB) to improve transaction processing. BIB has proven to be a good fit for us, and we have decided to move all EUR currency transactions solely to this bank. For those of you funding your TWINO accounts via our Swedbank account – please note that the Swedbank account will be deactivated as of December 30th, 2020. The new bank details are available on our Deposit funds page.
• Many of you have requested this and we have listened – in a few weeks we will launch a new secondary market where you will be able to sell your investments with a discount or markup. In preparation for the changes, we have already divided investments into shares on the Individual Investments page. This means that an investment in 1 loan can be displayed as several loan shares if several parties have been involved (ex: some part of the loan is bought from TWINO, some is resold by another investor). More information will follow.
• TWINO Group CEO Anastasija Oleinika met up (virtually) with finance and P2P blogger Denny Neidhard from Re:Think P2P-Kredite to discuss TWINO financials and profitability, investment brokerage company license, Covid-19 impact on business operations, and other important matters. Watch the interview to find out more.
• As promised before, Vol. 1 and Vol. 2 of the TWINO investor survey results are published! I’m happy to share that more than 80% of investors are confident in the way they are managing their investments on TWINO. A more detailed overview of the survey results will be published on our blog next week.
• We are moving to a new office soon (of course, when it’s safe to meet once again)! The legal address of our headquarters in Latvia is changing to Dzirnavu street 42, Riga, LV-1010, which will also be the location of our physical office when we move to the new premises.