Twino issued less securities in July
Twino issued €1.15m (£982,000)-worth of securities in July, a substantial drop from €2.7m issued in May.
The European peer-to-peer lending platform’s latest statistics revealed an average interest rate of 10.7 per cent in July, compared to 11.26 per cent in May – the last month it released statistics.
Twino attracted just seven investors between May and July, bringing its user base up to 22,143.
Read more: Twino removes cap on manual lending
The platform also revealed that it has now recovered 25.57 per cent of loans affected by the Russia-Ukraine war. Its loan originator LLC MCC “Makro’ had an initial exposure of €6.89m and has now recovered €1.76m.
Additionally, Twino said it made improvements to the platform’s functionality last month, based on customer feedback. It has introduced a new format for an income statement, which breaks down the income generated from various investment products and provides a more transparent view of returns. The new statement can be viewed under the ‘reports’ section of investors’ Twino profile online.
The update follows Twino’s recent launch of real estate securities, which diversifies the platform into equity investments.
Unlike its core debt offering, RE Securities are equity-based financial instruments offering investments in short-term rental properties.
The platform is offering a five per cent cashback bonus to celebrate the launch of the product.
Read more: Twino changes Polish loan terms and rates
