Twino removes cap on manual lending
Twino has removed the investment cap on its manual investments following a suitability and appropriateness assessment.
The European peer-to-peer lending platform said that by removing the limit on manual investments, it is offering “more freedom and flexibility when creating your portfolio.”
Twino is also reviewing the limits on its auto-invest accounts, in order to ensure that investors are making decisions which are better aligned with their risk appetite and tolerance.
The updates were made during May 2023. Twino also reported that last month, investors earned an average interest rate of 11.26 per cent – up from the 10.4 per cent average interest earned in April.
“Loan securities typically exhibit different market behaviour compared to traditional investments like stocks and bonds,” said chief executive Helvijs Henšelis.
Read more: Twino changes Polish loan terms and rates
“When the stock market experience declines, loans are less likely to be influenced by the same triggers.”
The total value of the securities issued in May was €2.7m (£2.31m), and investors earned €159,973 in interest.
This means that to date, Twino has originated just over €1.039bn in cumulative investments.
In a blog post to investors, Twino said that more than €1.5m of war-affected loans have already been repaid, representing 22.55 per cent of the outstanding total.
Read more: Twino launches cashback deal on Polish loans