TWINO

TWINO is a debt and real estate investment platform based in Latvia. TWINO resells short-term consumer loans from Poland. The platform previously offered investments from Vietnam and the Philippines but ceased operations in those regions at the end of Q1 2024. The platform is now expanding into real estate investment securities in rental properties within Latvia. Since its inception in 2015, TWINO has attracted over 62,536 registered users and facilitated more than €1.09 billion in investments. In the past 12 months, TWINO has funded €35.47 million, averaging €2.96 million per month.^[1]

• TWINO offers short-term consumer loans in Poland and rental real estate properties in Latvia.
• Investments start at a minimum of €1 for consumer loans and €100 for real estate securities.
• TWINO currently offers consumer loans with effective annual interest rates ranging from 10% to 13%, paid monthly, and real estate securities with annual dividend yields ranging from 4% to 8%.
• The platform reports an 11% delay rate and a 1% default rate.

TWINO is a licensed investment broker regulated by the National Bank of Latvia, a platform that connects investors across the European Union and the European Economic Area with loan originators in Poland, and real estate projects for investment in rental properties in Latvia. TWINO offers two types of investments:

• Short-term consumer loans
• Real Estate investment securities

Consumer loans are available as investment instruments priced at €200,000, with an investment duration of up to 12 months. The minimum investment is €1. These debt instruments are structured as bullet loans, where interest is paid monthly, and the principal is returned at maturity. However, the loans are unsecured and do not come with a buyback guarantee.^[2]

Real estate securities range in value from €40,300 to €317,300 and have no specific duration. These investments are structured as shares, giving investors ownership in short-term rental properties. Investors earn annual dividends from rental income and may benefit from potential property appreciation upon selling. However, TWINO does not yet offer a resale option for these securities. The minimum investment for real estate securities is €100.^[3]

TWINO applies a 20% withholding tax on revenue and dividends for Latvian individuals. Tax residents of the European Economic Area (EEA) automatically receive a reduced rate of 5%, while non-EEA citizens must provide proof of tax residency to qualify for a reduced rate.^[4] The platform offers a secondary market where investors can exit their consumer loan investments early. TWINO also features an auto-invest option to queue new investments.

TWINO offers the following investment returns:

• Consumer loans annual interest rates ranging from 10% to 13%.^[5]
• Real estate securities annual dividend yields ranging from 4% to 8%.^[6]

The platform reports a delay rate of 11% and a default rate of 1%. Since its launch, TWINO has paid approximately €25.79 million in interest to its investors.^[7] Investors are not charged any fees. While details about borrower fees are not provided, they likely vary according to the loan originators’ terms. TWINO generates revenue by charging interest and commissions on lent capital.

TWINO is headed by founder and Chairman Armands Broks, who oversees the Supervisory Board’s responsibilities and guides the platform’s long-term strategy and business development. Non-executive Co-chairman Mārtiņš Mellēns contributes more than a decade of experience in global private equity and investment banking, providing strategic insights on trends, risks, and value creation. CEO Helvijs Henšelis is responsible for managing the company’s growth and operations, drawing on his background in strategic consulting.

The platform is owned by AS TWINO Investments, a joint stock company where the sole shareholder, founder and Chairman, Armands Broks, holds 100% of the shares. TWINO has raised approximately $8.12 million across two funding rounds. The most recent funding round was the Google Adopt a Startup Incubator/Accelerator, which took place on September 17, 2018, for an undisclosed amount.^[8]

TWINO operates through three legal entities, SIA FINNO, SIA TWINO Finance, and AS TWINO Investments, most published financial statements are audited by BDO Latvia. Over the past five financial years (FY), the platform’s after-tax profit has been volatile, with negative results in FY21 (-$172K) and FY23 (-$2.7K), while achieving notable positive figures in other years, including $4.43 million in FY19 and $220.6K in FY20. Despite these fluctuations, gross profit has remained positive and steady, ranging from $1.25 million to $5.8 million, with a strong rebound to $2.26 million in FY23 from lower figures in previous periods.^[9]

After obtaining its investment brokerage firm license in 2021, TWINO planned to launch its first equity crowdfunding campaign during the second half of 2022. The funds were intended to support new product introductions and expand brokerage services across Europe, but it seems the campaign has not come to fruition.^[10]

TWINO is expanding its real estate offerings with the recent launch of Dainas, a Latvian residential project providing studio apartments for Airbnb short-term rentals.^[11] However, the platform has ceased operations in Vietnam and the Philippines due to regulatory issues and is now focusing solely on consumer loans in Poland. The joint venture VAMO.vn with VIA SMS Group in Vietnam has ended, but loan repayments in the Philippines remain unaffected, with all securities backed by Philippine loans having been fully repaid.^[12]

1. P2PMarketData: “TWINO Statistics”
2. TWINO: “Invest - Loan Securities - Final Terms”
3. TWINO: “Invest - Real Estate Securities - Prospectus”
4. TWINO: “FAQ - What is the withholding tax rate on my income?”
5. TWINO: “Invest - Loan Securities - Rate”
6. TWINO: “Invest - Real Estate Securities - Expected Annual Return”
7. TWINO: “Statistics”
8. CB Insights: “TWINO”
9. TWINO: “Financials”
10. Alternative Credit Investor: “Twino to launch first equity crowdfunding round”
11. TWINO: “Blog - Update: July”
12. Alternative Credit Investor: “Via SMS and Twino joint venture exits Vietnam in lending clampdown”

TWINO is a debt and real estate investment platform based in Latvia. TWINO resells short-term consumer loans from Poland. The platform previously offered investments from Vietnam and the Philippines but ceased operations in those regions at the end of Q1 2024. The platform is now expanding into real estate investment securities in rental properties within Latvia. Since its inception in 2015, TWINO has attracted over 62,536 registered users and facilitated more than €1.09 billion in investments. In the past 12 months, TWINO has funded €35.47 million, averaging €2.96 million per month.^[1]

• TWINO offers short-term consumer loans in Poland and rental real estate properties in Latvia.
• Investments start at a minimum of €1 for consumer loans and €100 for real estate securities.
• TWINO currently offers consumer loans with effective annual interest rates ranging from 10% to 13%, paid monthly, and real estate securities with annual dividend yields ranging from 4% to 8%.
• The platform reports an 11% delay rate and a 1% default rate.

TWINO is a licensed investment broker regulated by the National Bank of Latvia, a platform that connects investors across the European Union and the European Economic Area with loan originators in Poland, and real estate projects for investment in rental properties in Latvia. TWINO offers two types of investments:

• Short-term consumer loans
• Real Estate investment securities

Consumer loans are available as investment instruments priced at €200,000, with an investment duration of up to 12 months. The minimum investment is €1. These debt instruments are structured as bullet loans, where interest is paid monthly, and the principal is returned at maturity. However, the loans are unsecured and do not come with a buyback guarantee.^[2]

Real estate securities range in value from €40,300 to €317,300 and have no specific duration. These investments are structured as shares, giving investors ownership in short-term rental properties. Investors earn annual dividends from rental income and may benefit from potential property appreciation upon selling. However, TWINO does not yet offer a resale option for these securities. The minimum investment for real estate securities is €100.^[3]

TWINO applies a 20% withholding tax on revenue and dividends for Latvian individuals. Tax residents of the European Economic Area (EEA) automatically receive a reduced rate of 5%, while non-EEA citizens must provide proof of tax residency to qualify for a reduced rate.^[4] The platform offers a secondary market where investors can exit their consumer loan investments early. TWINO also features an auto-invest option to queue new investments.

TWINO offers the following investment returns:

• Consumer loans annual interest rates ranging from 10% to 13%.^[5]
• Real estate securities annual dividend yields ranging from 4% to 8%.^[6]

The platform reports a delay rate of 11% and a default rate of 1%. Since its launch, TWINO has paid approximately €25.79 million in interest to its investors.^[7] Investors are not charged any fees. While details about borrower fees are not provided, they likely vary according to the loan originators’ terms. TWINO generates revenue by charging interest and commissions on lent capital.

TWINO is headed by founder and Chairman Armands Broks, who oversees the Supervisory Board’s responsibilities and guides the platform’s long-term strategy and business development. Non-executive Co-chairman Mārtiņš Mellēns contributes more than a decade of experience in global private equity and investment banking, providing strategic insights on trends, risks, and value creation. CEO Helvijs Henšelis is responsible for managing the company’s growth and operations, drawing on his background in strategic consulting.

The platform is owned by AS TWINO Investments, a joint stock company where the sole shareholder, founder and Chairman, Armands Broks, holds 100% of the shares. TWINO has raised approximately $8.12 million across two funding rounds. The most recent funding round was the Google Adopt a Startup Incubator/Accelerator, which took place on September 17, 2018, for an undisclosed amount.^[8]

TWINO operates through three legal entities, SIA FINNO, SIA TWINO Finance, and AS TWINO Investments, most published financial statements are audited by BDO Latvia. Over the past five financial years (FY), the platform’s after-tax profit has been volatile, with negative results in FY21 (-$172K) and FY23 (-$2.7K), while achieving notable positive figures in other years, including $4.43 million in FY19 and $220.6K in FY20. Despite these fluctuations, gross profit has remained positive and steady, ranging from $1.25 million to $5.8 million, with a strong rebound to $2.26 million in FY23 from lower figures in previous periods.^[9]

After obtaining its investment brokerage firm license in 2021, TWINO planned to launch its first equity crowdfunding campaign during the second half of 2022. The funds were intended to support new product introductions and expand brokerage services across Europe, but it seems the campaign has not come to fruition.^[10]

TWINO is expanding its real estate offerings with the recent launch of Dainas, a Latvian residential project providing studio apartments for Airbnb short-term rentals.^[11] However, the platform has ceased operations in Vietnam and the Philippines due to regulatory issues and is now focusing solely on consumer loans in Poland. The joint venture VAMO.vn with VIA SMS Group in Vietnam has ended, but loan repayments in the Philippines remain unaffected, with all securities backed by Philippine loans having been fully repaid.^[12]

1. P2PMarketData: “TWINO Statistics”
2. TWINO: “Invest - Loan Securities - Final Terms”
3. TWINO: “Invest - Real Estate Securities - Prospectus”
4. TWINO: “FAQ - What is the withholding tax rate on my income?”
5. TWINO: “Invest - Loan Securities - Rate”
6. TWINO: “Invest - Real Estate Securities - Expected Annual Return”
7. TWINO: “Statistics”
8. CB Insights: “TWINO”
9. TWINO: “Financials”
10. Alternative Credit Investor: “Twino to launch first equity crowdfunding round”
11. TWINO: “Blog - Update: July”
12. Alternative Credit Investor: “Via SMS and Twino joint venture exits Vietnam in lending clampdown”

TWINO is a debt and real estate investment platform based in Latvia. TWINO resells short-term consumer loans from Poland. The platform previously offered investments from Vietnam and the Philippines but ceased operations in those regions at the end of Q1 2024. The platform is now expanding into real estate investment securities in rental properties within Latvia. Since its inception in 2015, TWINO has attracted over 62,536 registered users and facilitated more than €1.09 billion in investments. In the past 12 months, TWINO has funded €35.47 million, averaging €2.96 million per month.^[1]

• TWINO offers short-term consumer loans in Poland and rental real estate properties in Latvia.
• Investments start at a minimum of €1 for consumer loans and €100 for real estate securities.
• TWINO currently offers consumer loans with effective annual interest rates ranging from 10% to 13%, paid monthly, and real estate securities with annual dividend yields ranging from 4% to 8%.
• The platform reports an 11% delay rate and a 1% default rate.

TWINO is a licensed investment broker regulated by the National Bank of Latvia, a platform that connects investors across the European Union and the European Economic Area with loan originators in Poland, and real estate projects for investment in rental properties in Latvia. TWINO offers two types of investments:

• Short-term consumer loans
• Real Estate investment securities

Consumer loans are available as investment instruments priced at €200,000, with an investment duration of up to 12 months. The minimum investment is €1. These debt instruments are structured as bullet loans, where interest is paid monthly, and the principal is returned at maturity. However, the loans are unsecured and do not come with a buyback guarantee.^[2]

Real estate securities range in value from €40,300 to €317,300 and have no specific duration. These investments are structured as shares, giving investors ownership in short-term rental properties. Investors earn annual dividends from rental income and may benefit from potential property appreciation upon selling. However, TWINO does not yet offer a resale option for these securities. The minimum investment for real estate securities is €100.^[3]

TWINO applies a 20% withholding tax on revenue and dividends for Latvian individuals. Tax residents of the European Economic Area (EEA) automatically receive a reduced rate of 5%, while non-EEA citizens must provide proof of tax residency to qualify for a reduced rate.^[4] The platform offers a secondary market where investors can exit their consumer loan investments early. TWINO also features an auto-invest option to queue new investments.

TWINO offers the following investment returns:

• Consumer loans annual interest rates ranging from 10% to 13%.^[5]
• Real estate securities annual dividend yields ranging from 4% to 8%.^[6]

The platform reports a delay rate of 11% and a default rate of 1%. Since its launch, TWINO has paid approximately €25.79 million in interest to its investors.^[7] Investors are not charged any fees. While details about borrower fees are not provided, they likely vary according to the loan originators’ terms. TWINO generates revenue by charging interest and commissions on lent capital.

TWINO is headed by founder and Chairman Armands Broks, who oversees the Supervisory Board’s responsibilities and guides the platform’s long-term strategy and business development. Non-executive Co-chairman Mārtiņš Mellēns contributes more than a decade of experience in global private equity and investment banking, providing strategic insights on trends, risks, and value creation. CEO Helvijs Henšelis is responsible for managing the company’s growth and operations, drawing on his background in strategic consulting.

The platform is owned by AS TWINO Investments, a joint stock company where the sole shareholder, founder and Chairman, Armands Broks, holds 100% of the shares. TWINO has raised approximately $8.12 million across two funding rounds. The most recent funding round was the Google Adopt a Startup Incubator/Accelerator, which took place on September 17, 2018, for an undisclosed amount.^[8]

TWINO operates through three legal entities, SIA FINNO, SIA TWINO Finance, and AS TWINO Investments, most published financial statements are audited by BDO Latvia. Over the past five financial years (FY), the platform’s after-tax profit has been volatile, with negative results in FY21 (-$172K) and FY23 (-$2.7K), while achieving notable positive figures in other years, including $4.43 million in FY19 and $220.6K in FY20. Despite these fluctuations, gross profit has remained positive and steady, ranging from $1.25 million to $5.8 million, with a strong rebound to $2.26 million in FY23 from lower figures in previous periods.^[9]

After obtaining its investment brokerage firm license in 2021, TWINO planned to launch its first equity crowdfunding campaign during the second half of 2022. The funds were intended to support new product introductions and expand brokerage services across Europe, but it seems the campaign has not come to fruition.^[10]

TWINO is expanding its real estate offerings with the recent launch of Dainas, a Latvian residential project providing studio apartments for Airbnb short-term rentals.^[11] However, the platform has ceased operations in Vietnam and the Philippines due to regulatory issues and is now focusing solely on consumer loans in Poland. The joint venture VAMO.vn with VIA SMS Group in Vietnam has ended, but loan repayments in the Philippines remain unaffected, with all securities backed by Philippine loans having been fully repaid.^[12]

1. P2PMarketData: “TWINO Statistics”
2. TWINO: “Invest - Loan Securities - Final Terms”
3. TWINO: “Invest - Real Estate Securities - Prospectus”
4. TWINO: “FAQ - What is the withholding tax rate on my income?”
5. TWINO: “Invest - Loan Securities - Rate”
6. TWINO: “Invest - Real Estate Securities - Expected Annual Return”
7. TWINO: “Statistics”
8. CB Insights: “TWINO”
9. TWINO: “Financials”
10. Alternative Credit Investor: “Twino to launch first equity crowdfunding round”
11. TWINO: “Blog - Update: July”
12. Alternative Credit Investor: “Via SMS and Twino joint venture exits Vietnam in lending clampdown”

TWINO is a debt and real estate investment platform based in Latvia. TWINO resells short-term consumer loans from Poland. The platform previously offered investments from Vietnam and the Philippines but ceased operations in those regions at the end of Q1 2024. The platform is now expanding into real estate investment securities in rental properties within Latvia. Since its inception in 2015, TWINO has attracted over 62,536 registered users and facilitated more than €1.09 billion in investments. In the past 12 months, TWINO has funded €35.47 million, averaging €2.96 million per month.^[1]

• TWINO offers short-term consumer loans in Poland and rental real estate properties in Latvia.
• Investments start at a minimum of €1 for consumer loans and €100 for real estate securities.
• TWINO currently offers consumer loans with effective annual interest rates ranging from 10% to 13%, paid monthly, and real estate securities with annual dividend yields ranging from 4% to 8%.
• The platform reports an 11% delay rate and a 1% default rate.

TWINO is a licensed investment broker regulated by the National Bank of Latvia, a platform that connects investors across the European Union and the European Economic Area with loan originators in Poland, and real estate projects for investment in rental properties in Latvia. TWINO offers two types of investments:

• Short-term consumer loans
• Real Estate investment securities

Consumer loans are available as investment instruments priced at €200,000, with an investment duration of up to 12 months. The minimum investment is €1. These debt instruments are structured as bullet loans, where interest is paid monthly, and the principal is returned at maturity. However, the loans are unsecured and do not come with a buyback guarantee.^[2]

Real estate securities range in value from €40,300 to €317,300 and have no specific duration. These investments are structured as shares, giving investors ownership in short-term rental properties. Investors earn annual dividends from rental income and may benefit from potential property appreciation upon selling. However, TWINO does not yet offer a resale option for these securities. The minimum investment for real estate securities is €100.^[3]

TWINO applies a 20% withholding tax on revenue and dividends for Latvian individuals. Tax residents of the European Economic Area (EEA) automatically receive a reduced rate of 5%, while non-EEA citizens must provide proof of tax residency to qualify for a reduced rate.^[4] The platform offers a secondary market where investors can exit their consumer loan investments early. TWINO also features an auto-invest option to queue new investments.

TWINO offers the following investment returns:

• Consumer loans annual interest rates ranging from 10% to 13%.^[5]
• Real estate securities annual dividend yields ranging from 4% to 8%.^[6]

The platform reports a delay rate of 11% and a default rate of 1%. Since its launch, TWINO has paid approximately €25.79 million in interest to its investors.^[7] Investors are not charged any fees. While details about borrower fees are not provided, they likely vary according to the loan originators’ terms. TWINO generates revenue by charging interest and commissions on lent capital.

TWINO is headed by founder and Chairman Armands Broks, who oversees the Supervisory Board’s responsibilities and guides the platform’s long-term strategy and business development. Non-executive Co-chairman Mārtiņš Mellēns contributes more than a decade of experience in global private equity and investment banking, providing strategic insights on trends, risks, and value creation. CEO Helvijs Henšelis is responsible for managing the company’s growth and operations, drawing on his background in strategic consulting.

The platform is owned by AS TWINO Investments, a joint stock company where the sole shareholder, founder and Chairman, Armands Broks, holds 100% of the shares. TWINO has raised approximately $8.12 million across two funding rounds. The most recent funding round was the Google Adopt a Startup Incubator/Accelerator, which took place on September 17, 2018, for an undisclosed amount.^[8]

TWINO operates through three legal entities, SIA FINNO, SIA TWINO Finance, and AS TWINO Investments, most published financial statements are audited by BDO Latvia. Over the past five financial years (FY), the platform’s after-tax profit has been volatile, with negative results in FY21 (-$172K) and FY23 (-$2.7K), while achieving notable positive figures in other years, including $4.43 million in FY19 and $220.6K in FY20. Despite these fluctuations, gross profit has remained positive and steady, ranging from $1.25 million to $5.8 million, with a strong rebound to $2.26 million in FY23 from lower figures in previous periods.^[9]

After obtaining its investment brokerage firm license in 2021, TWINO planned to launch its first equity crowdfunding campaign during the second half of 2022. The funds were intended to support new product introductions and expand brokerage services across Europe, but it seems the campaign has not come to fruition.^[10]

TWINO is expanding its real estate offerings with the recent launch of Dainas, a Latvian residential project providing studio apartments for Airbnb short-term rentals.^[11] However, the platform has ceased operations in Vietnam and the Philippines due to regulatory issues and is now focusing solely on consumer loans in Poland. The joint venture VAMO.vn with VIA SMS Group in Vietnam has ended, but loan repayments in the Philippines remain unaffected, with all securities backed by Philippine loans having been fully repaid.^[12]

1. P2PMarketData: “TWINO Statistics”
2. TWINO: “Invest - Loan Securities - Final Terms”
3. TWINO: “Invest - Real Estate Securities - Prospectus”
4. TWINO: “FAQ - What is the withholding tax rate on my income?”
5. TWINO: “Invest - Loan Securities - Rate”
6. TWINO: “Invest - Real Estate Securities - Expected Annual Return”
7. TWINO: “Statistics”
8. CB Insights: “TWINO”
9. TWINO: “Financials”
10. Alternative Credit Investor: “Twino to launch first equity crowdfunding round”
11. TWINO: “Blog - Update: July”
12. Alternative Credit Investor: “Via SMS and Twino joint venture exits Vietnam in lending clampdown”

TWINO is a debt and real estate investment platform based in Latvia. TWINO resells short-term consumer loans from Poland. The platform previously offered investments from Vietnam and the Philippines but ceased operations in those regions at the end of Q1 2024. The platform is now expanding into real estate investment securities in rental properties within Latvia. Since its inception in 2015, TWINO has attracted over 62,536 registered users and facilitated more than €1.09 billion in investments. In the past 12 months, TWINO has funded €35.47 million, averaging €2.96 million per month.^[1]

• TWINO offers short-term consumer loans in Poland and rental real estate properties in Latvia.
• Investments start at a minimum of €1 for consumer loans and €100 for real estate securities.
• TWINO currently offers consumer loans with effective annual interest rates ranging from 10% to 13%, paid monthly, and real estate securities with annual dividend yields ranging from 4% to 8%.
• The platform reports an 11% delay rate and a 1% default rate.

TWINO is a licensed investment broker regulated by the National Bank of Latvia, a platform that connects investors across the European Union and the European Economic Area with loan originators in Poland, and real estate projects for investment in rental properties in Latvia. TWINO offers two types of investments:

• Short-term consumer loans
• Real Estate investment securities

Consumer loans are available as investment instruments priced at €200,000, with an investment duration of up to 12 months. The minimum investment is €1. These debt instruments are structured as bullet loans, where interest is paid monthly, and the principal is returned at maturity. However, the loans are unsecured and do not come with a buyback guarantee.^[2]

Real estate securities range in value from €40,300 to €317,300 and have no specific duration. These investments are structured as shares, giving investors ownership in short-term rental properties. Investors earn annual dividends from rental income and may benefit from potential property appreciation upon selling. However, TWINO does not yet offer a resale option for these securities. The minimum investment for real estate securities is €100.^[3]

TWINO applies a 20% withholding tax on revenue and dividends for Latvian individuals. Tax residents of the European Economic Area (EEA) automatically receive a reduced rate of 5%, while non-EEA citizens must provide proof of tax residency to qualify for a reduced rate.^[4] The platform offers a secondary market where investors can exit their consumer loan investments early. TWINO also features an auto-invest option to queue new investments.

TWINO offers the following investment returns:

• Consumer loans annual interest rates ranging from 10% to 13%.^[5]
• Real estate securities annual dividend yields ranging from 4% to 8%.^[6]

The platform reports a delay rate of 11% and a default rate of 1%. Since its launch, TWINO has paid approximately €25.79 million in interest to its investors.^[7] Investors are not charged any fees. While details about borrower fees are not provided, they likely vary according to the loan originators’ terms. TWINO generates revenue by charging interest and commissions on lent capital.

TWINO is headed by founder and Chairman Armands Broks, who oversees the Supervisory Board’s responsibilities and guides the platform’s long-term strategy and business development. Non-executive Co-chairman Mārtiņš Mellēns contributes more than a decade of experience in global private equity and investment banking, providing strategic insights on trends, risks, and value creation. CEO Helvijs Henšelis is responsible for managing the company’s growth and operations, drawing on his background in strategic consulting.

The platform is owned by AS TWINO Investments, a joint stock company where the sole shareholder, founder and Chairman, Armands Broks, holds 100% of the shares. TWINO has raised approximately $8.12 million across two funding rounds. The most recent funding round was the Google Adopt a Startup Incubator/Accelerator, which took place on September 17, 2018, for an undisclosed amount.^[8]

TWINO operates through three legal entities, SIA FINNO, SIA TWINO Finance, and AS TWINO Investments, most published financial statements are audited by BDO Latvia. Over the past five financial years (FY), the platform’s after-tax profit has been volatile, with negative results in FY21 (-$172K) and FY23 (-$2.7K), while achieving notable positive figures in other years, including $4.43 million in FY19 and $220.6K in FY20. Despite these fluctuations, gross profit has remained positive and steady, ranging from $1.25 million to $5.8 million, with a strong rebound to $2.26 million in FY23 from lower figures in previous periods.^[9]

After obtaining its investment brokerage firm license in 2021, TWINO planned to launch its first equity crowdfunding campaign during the second half of 2022. The funds were intended to support new product introductions and expand brokerage services across Europe, but it seems the campaign has not come to fruition.^[10]

TWINO is expanding its real estate offerings with the recent launch of Dainas, a Latvian residential project providing studio apartments for Airbnb short-term rentals.^[11] However, the platform has ceased operations in Vietnam and the Philippines due to regulatory issues and is now focusing solely on consumer loans in Poland. The joint venture VAMO.vn with VIA SMS Group in Vietnam has ended, but loan repayments in the Philippines remain unaffected, with all securities backed by Philippine loans having been fully repaid.^[12]

1. P2PMarketData: “TWINO Statistics”
2. TWINO: “Invest - Loan Securities - Final Terms”
3. TWINO: “Invest - Real Estate Securities - Prospectus”
4. TWINO: “FAQ - What is the withholding tax rate on my income?”
5. TWINO: “Invest - Loan Securities - Rate”
6. TWINO: “Invest - Real Estate Securities - Expected Annual Return”
7. TWINO: “Statistics”
8. CB Insights: “TWINO”
9. TWINO: “Financials”
10. Alternative Credit Investor: “Twino to launch first equity crowdfunding round”
11. TWINO: “Blog - Update: July”
12. Alternative Credit Investor: “Via SMS and Twino joint venture exits Vietnam in lending clampdown”