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TWINO’s First Year: 2,500 Investors Fund $24.6 Million in Loans


European marketplace lending startup TWINO today turns one-year-old and has some impressive metrics to celebrate its first birthday.

Since launch, $24.6 million in loans have been funded through the Latvia-based company’s platform, which boasts a 13.92% average rate of return. TWINO has paid out $363,000 in interest to its community of investors, which currently totals 2,500 active users based in 29 countries.

TWINO debuted its marketplace that offers investors access to unsecured consumer loans from Denmark, Poland, and Georgia at FinovateEurope 2016 in London. The company differentiates its platform by promising to buy back the principal and interest of a loan if it is delinquent for 30 days or more.

TWINO released the following infographic detailing the metrics of its year-one successes: