Twino Review
What we like
What we don't like
Key facts
- Interest rates are good - typically 8 to 12%
- Most loans receive a buyback guarantee or payment guarantee
- The website performs well and is user friendly
- Investors can invest in either Euros or British pounds
- Loans from 6 countries are available
- Twino is one of the larger platforms operating in Europe
- Website is available in English and German
- The account offered is simple and it does not require much time to keep funds invested
- Twino is not transparent about the overall financial condition or structure of the Twino group
- A high percentage of loans default. Investors are reliant on Twino being able to honour the buyback and payment guarantees
- Very little information is provided about the borrowers
- The quality of data about default rates and recoveries is inadequate
- Interest rates offered have been falling
- It can be difficult to successfully purchase loans using the auto-invest feature
- Twino charges their borrowers interest rates of around 150% p.a
- Some of the loans are in countries with high risk profiles, such as Russia and Kazakhstan
- Loan types - unsecured personal loans
- Collaterals - None
- Protection fund? - No, but Twino offers payment guarantees and buyback guarantees
- Autobid available? - Yes
- Secondary market? - Yes, although investors cannot set the price
Our views on Twino
To read our latest rating score of Twino, click here.
As of December 2020, Twino has still not published any consolidated financial information for either 2019 or 2020. We really don’t think that delay is acceptable, particularly for a company like Twino that has suffered big losses and significant restructurings in the past. Until the company improves its financial disclosures, we think that there are better options available in European P2P right now.
Our legal page contains disclosures and the full terms and conditions of the use of the ExploreP2P site.
Thanks for this review, I’ll give a shot to Twino to diversify my portfolio
Twino Reports for 2019:
https://www.twino.eu/en/about/financials
among the key fact about Twino you say:
Secondary market? – Yes, although investors cannot set the price.
in fact, the investor does not have the option to select Primary or Secondary because all the loans are thrown into one pot, where the Auto invest portfolios work, and the manual investors. this is why if you refresh the available loans page small loans appears of a few euros sometime because someone just sold his investment, and they disappear within seconds because of the active auto invest portfolios. You cannot know about new loans on the platform, and it seems that the same loans are changing hands between old and new investors
Twino released today their audit financial statement for 2015/2016.
It is available in this url: https://www.twino.eu/files/Twino_FS_2015_2016-signed-en.pdf
Curious to know what is your reaction to this statement