Interesting updates from peer to peer lending platform Twino.
As I had mentioned in an earlier blog post I have been investing now on the TWINO peer to peer lending platform for around 4 months and in this time I have had some ups and also downs. However things have now stabilised and I have my game
plan set with my lending here.
Today I received an update by email from Twino about the platform in general and it has some quite exciting updates in it.
In January Twino reached a major milestone in the peer to peer lending world by funding a total of €100 million lent out by investors through their platform, this is even more incredible based on the fact that there are only 6635 active investors! Quite an achievement and it really goes to show that Twino is growing. In January alone €12,522,120 worth of loans were funded which is around 12% of the total reached in the two years that the platform has been around and it is hoped that the magic €200million will be reached this year.
Now as exciting as it is that Twino has reached such a huge milestone, for me personally the most exciting part of the update is that this month (February) there should be loans listed from Spain. That's right Twino have a loan originator in Spain and will be listing some of these new loans on the investor market for us to snap up. These loans will be of a short duration, up to a month and will be covered by the buyback guarantee. It will be great to see what sort of return investors will get on these loans but I hope for between 13-15%. To be honest though just having extra loans to invest in will be great as the market has been a little quiet recently and I have had some funds waiting in the holding account.
Anyway that is the end of this blog post, I just wanted to share with you readers what I deemed to be some quite exciting news. I look forward to reading and answering any of your comments.
Happy investing.
plan set with my lending here.
Today I received an update by email from Twino about the platform in general and it has some quite exciting updates in it.
In January Twino reached a major milestone in the peer to peer lending world by funding a total of €100 million lent out by investors through their platform, this is even more incredible based on the fact that there are only 6635 active investors! Quite an achievement and it really goes to show that Twino is growing. In January alone €12,522,120 worth of loans were funded which is around 12% of the total reached in the two years that the platform has been around and it is hoped that the magic €200million will be reached this year.
Now as exciting as it is that Twino has reached such a huge milestone, for me personally the most exciting part of the update is that this month (February) there should be loans listed from Spain. That's right Twino have a loan originator in Spain and will be listing some of these new loans on the investor market for us to snap up. These loans will be of a short duration, up to a month and will be covered by the buyback guarantee. It will be great to see what sort of return investors will get on these loans but I hope for between 13-15%. To be honest though just having extra loans to invest in will be great as the market has been a little quiet recently and I have had some funds waiting in the holding account.
Anyway that is the end of this blog post, I just wanted to share with you readers what I deemed to be some quite exciting news. I look forward to reading and answering any of your comments.
Happy investing.
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