Twino Review
Platform Overview
Platform Age
Founded In Latvia
Total Volume
Since Inception
Registered Investors
Across Europe
Monthly Volume
Average (Last 12M)
Company Background
Founded in 2009 in Latvia, Twino launched its investment platform in 2015, establishing itself as one of the pioneers in European P2P lending. The company operates under AS TWINO Investments, which received an investment brokerage license from the Latvian financial authorities in September 2021, making it MiFID II compliant and adding institutional credibility to its operations.
Twino has experienced numerous management changes throughout its history, which some analysts view as a sign of organizational instability. With approximately 543 employees across various offices, the company maintains a substantial operational infrastructure despite these leadership fluctuations.
Recent data shows some concerning trends. In February 2025, the platform raised âŦ2.28 million, representing a significant 44.51% decrease compared to the same month in the previous year. Over the last 12 months, Twino facilitated âŦ33.66 million in investments, which still represents an 11.73% increase compared to the previous 12-month period.
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Investment Focus
Short-term consumer loans primarily from Poland, with recent exit from Asian markets including Vietnam and the Philippines. Also offers real estate investment securities in Latvia.
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Expected Returns
10-13% for consumer loans and 4-8% for real estate investment securities. Actual reported returns by investors average between 9-11%.
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Regulatory Status
MiFID II regulated with investor compensation protection up to âŦ20,000 through the National Bank of Latvia (Latvijas Banka).
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Key Risks
Geographic concentration in Poland, regulatory uncertainties, and over âŦ4 million in investor funds still frozen in Russia.
Standout Features
MiFID II regulated with investor compensation up to âŦ20,000
Low âŦ1 minimum investment per loan
Daily interest accrual calculation
Real estate investment securities option
Safety & Risk Analysis
Key Risk Factors
- Geographic concentration in Polish market following exit from Asian markets
- Over âŦ4 million of investor funds frozen in Russia with limited recovery efforts
- Regulatory uncertainty with Polish market operations (workaround using credit card products)
- History of financial struggles and management changes
Regulatory Status
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Licensed investment brokerage regulated under MiFID II
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Supervised by Latvijas Banka (National Bank of Latvia)
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Mandatory suitability assessments for investors
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Regulatory workaround in Polish market using credit card products
Investor Protection
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Investor compensation protection up to âŦ20,000
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Segregated bank accounts for investor funds
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No buyback guarantee system for loans
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Investor funds frozen in Russia since 2022
Platform Stability
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Long operating history since 2009
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âŦ1.1B+ total loan volume processed
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44.51% decrease in recent monthly volumes
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History of financial difficulties and management changes
MiFID II Protection Benefits
Investor Compensation
Protection up to âŦ20,000 in case of platform insolvency or failure
Segregated Accounts
Investor funds held separately from operational accounts
Suitability Assessment
Mandatory evaluation of investment knowledge and experience
Regulatory Oversight
Supervised by National Bank of Latvia
Returns Analysis
Polish Consumer Loans
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Short-term bullet loans
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Monthly interest payments
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Principal returned at maturity
Real Estate Securities
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Latvian rental properties
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Dividend-based yield
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âŦ100 minimum investment
| Investment Type | Advertised Return | Actual Return | Delay Rate | Default Rate |
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| Polish Consumer Loans | 10-13% | 9-11% | 11% | 1% |
| Real Estate Securities | 4-8% | 5-7% | N/A | 0% |
| Historical Average (All Products) | Up to 12% | 9.21% | — | — |
đ Performance data based on platform statistics and independent investor reports from 2024-2025. Historical averages reported by long-term investors show consistent returns around 9.21% over several years.
Investment Calculator
Total Investment Value
Recommended Strategy
Based on Twino’s risk profile, a mixed portfolio approach with emphasis on the newer real estate offerings may present a more balanced risk-reward profile.
Getting Started
Create Your Account
Register using your email address and set up a secure password. The process is straightforward and takes only a few minutes.
Complete MiFID II Assessment
As a regulated platform, Twino requires completion of a knowledge and experience assessment to determine investment suitability.
Verify Your Identity
Submit verification documents to comply with KYC regulations. This typically includes ID verification and proof of address.
Add Funds
Transfer funds via bank transfer. Twino accepts payments from EU bank accounts with no deposit fees.
Start Investing
Choose from available loan listings or set up auto-invest to automate your investment strategy. Start with as little as âŦ1 per loan.
âšī¸ Important Information
- MiFID II assessment is mandatory and may restrict access to certain investment products based on your experience level
- Initial verification typically takes 1-2 business days
- Bank transfers generally process within 1-2 business days
- Non-EU investors may face additional verification requirements
Russia Exposure Analysis
Russia Exposure Summary
Twino has over âŦ4 million of investor funds frozen in Russia. The platform no longer offers new Russian loans, but this substantial outstanding amount represents a frozen portion of many investors’ portfolios.
Current Situation
Following geopolitical developments in 2022, Twino suspended operations in Russia, leaving investor funds tied up in outstanding loans. Despite no longer offering new Russian loans, the platform has been criticized for limited transparency regarding recovery efforts and the status of these frozen assets.
Recovery Efforts
According to investor reports, Twino has made limited efforts to recover these funds, with minimal communication about potential resolution pathways. The company faces significant challenges with currency conversion restrictions and financial sanctions that complicate any repatriation of capital from Russia.
Impact on Investors
Uncertain Recovery Timeline
No clear timeline for when or if investors will recover these funds
Portfolio Impact
Some investors have significant portions of their portfolios locked in these assets
Limited Transparency
Minimal detailed reporting on recovery efforts or asset status
Regulatory Implications
Despite MiFID II status, no regulatory solution has been identified
â ī¸ New investors should be aware that while this issue doesn’t affect new investments, it raises questions about the platform’s risk management practices and transparency in crisis situations.
Investment Features
Auto-Invest
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Customizable investment criteria
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Loan type and term filtering
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Return rate preferences
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Portfolio diversification options
Secondary Market
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Sell investments before maturity
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No secondary market fees
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Limited pricing control
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Variable liquidity depending on market conditions
User Experience
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User-friendly dashboard
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Intuitive investment process
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Detailed reporting and analytics
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Mobile-responsive design
Fee Structure
No Investor Fees
No charges for registration, deposits, withdrawals, or investments
Free Secondary Market
No fees for buying or selling loans on the secondary market
No Currency Conversion Fees
Investments denominated in euros with no conversion charges
No Early Exit Penalties
No penalties for selling investments before maturity
Daily Interest Calculation
Twino calculates interest on a daily basis, providing several benefits to investors:
More precise earnings tracking with daily accrual
Clear visibility into portfolio performance
Optimized compound growth potential
Immediate interest calculations on new investments
Market Comparison
Platform Comparison
| Feature | Twino | Mintos | Peerberry | EstateGuru |
|---|---|---|---|---|
| Maximum Returns | 13.00% | 14.00% | 14.50% | 12.00% |
| Minimum Investment | âŦ1 | âŦ10 | âŦ10 | âŦ50 |
| Regulatory Status | â MiFID II | â ECSP | â | â License |
| Investor Protection | â âŦ20,000 | â âŦ20,000 | â | â |
| Buyback Guarantee | â | â 60 days | â 60 days | â |
| Secondary Market | â Free | â 0.85% fee | â | â 2% fee |
| Market Diversification | Limited (Poland) | 30+ Countries | Multiple Markets | 8 Countries |
Top Alternatives
Mintos Best Diversification
- â ECSP Regulated Platform
- â 30+ Countries Exposure
- â 60-Day Buyback Guarantee
Peerberry Highest Returns
- â Group Guarantee
- â Easy-to-Use Platform
- â Strong Track Record
EstateGuru Real Estate Focus
- â Property-Backed Loans
- â Low LTV Ratios
- â Licensed Platform
đ Twino’s Market Position
Twino occupies a unique position in the P2P lending landscape with several distinguishing factors:
- Regulatory Advantage: One of the few MiFID II regulated P2P platforms offering investor compensation protection
- Lower Entry Barrier: âŦ1 minimum investment is among the lowest in the industry
- Historical Presence: Operating since 2009, making it one of the veteran platforms in European P2P lending
- Limited Diversification: Current focus on Polish consumer loans represents reduced geographic diversification compared to competitors
- Regulatory Uncertainty: Workaround for Polish regulatory changes creates additional risk compared to more diversified platforms
Frequently Asked Questions
Twino operates under a MiFID II investment brokerage license supervised by the National Bank of Latvia (Latvijas Banka). This provides several important protections:
- Investor compensation protection up to âŦ20,000 in case of platform insolvency
- Segregated bank accounts that keep investor funds separate from company operational finances
- Mandatory suitability assessments to ensure investments are appropriate for your knowledge level
- Regular regulatory oversight and compliance requirements
Note that these protections don’t cover normal investment risks like borrower defaults or market conditions.
Twino has over âŦ4 million of investor funds frozen in Russia following geopolitical developments in 2022. Key points:
- The platform no longer offers new Russian loans
- Recovery efforts have been limited according to investor reports
- Communication about recovery status has been criticized for lack of transparency
- These assets remain frozen with no clear timeline for resolution
For new investors, this issue doesn’t directly affect new investments but raises questions about the platform’s risk management practices.
Twino offers several safety factors, but also presents significant risks:
- Safety Factors: MiFID II regulation, investor compensation protection, segregated accounts, long operating history, and daily interest calculations
- Risk Factors: Geographic concentration in Poland, regulatory uncertainty with Polish workarounds, lack of buyback guarantees, funds frozen in Russia, and a history of financial difficulties
Like all P2P investments, your capital is at risk. Twino’s safety profile is mixed, with strong regulatory protections balanced against significant operational challenges.
Twino offers some of the lowest minimum investment requirements in the industry:
- Consumer Loans: âŦ1 minimum per loan
- Real Estate Securities: âŦ100 minimum investment
This low entry barrier makes the platform accessible for testing or starting with a small portfolio. The âŦ1 minimum also allows for significant diversification across many loans even with a modest investment amount.
Withdrawals on Twino follow this process:
- Available funds can be withdrawn at any time from your account dashboard
- Withdrawals are processed to the same bank account you used for deposits
- Processing typically takes 1-2 business days
- There are no withdrawal fees
- If you need to access invested funds before loan maturity, you can try selling them on the secondary market
Funds invested in active loans are not available for withdrawal unless sold on the secondary market first.
Final Verdict
Key Takeaways
- Twino presents a complex investment proposition with significant strengths and weaknesses
- MiFID II regulation provides valuable investor protections not found on many P2P platforms
- Competitive returns of 10-13% on consumer loans and 4-8% on real estate investments
- Geographic concentration in Poland and regulatory workarounds create elevated risk
- The âŦ4+ million in frozen Russian assets raises concerns about risk management
Recommended For
- Investors who prioritize regulatory protection
- Those seeking competitive returns with some regulatory oversight
- Investors who value the âŦ20,000 investor compensation protection
- Those who want to start with very small amounts (âŦ1 minimum)
- Investors interested in a mix of consumer loans and real estate
Consider Alternatives If
- You prioritize geographic diversification
- You’re concerned about regulatory uncertainty
- You prefer platforms with buyback guarantees
- You’re risk-averse or new to P2P lending
- You’re worried about the platform’s financial stability
Conclusion
Twino presents a mixed investment proposition in 2025. The platform offers several compelling advantages: a regulated status with investor protection mechanisms, attractive potential returns, a user-friendly interface, and a long operational history in the P2P lending space.
However, these strengths must be weighed against significant concerns: geographic concentration in Poland, regulatory uncertainty, funds frozen in Russia, and a history of management changes and financial challenges. The platform’s exit from Asian markets and workaround of Polish regulations further illustrate the evolving risk landscape.
For investors considering Twino in 2025, a cautious approach would be advisable. Those attracted by the regulated status and competitive returns might consider allocating only a small portion of their overall P2P portfolio to this platform, focusing on the newer real estate offerings which may present lower regulatory risk than the Polish consumer loans. Diversification across multiple P2P platforms remains essential to mitigate the specific risks associated with Twino’s current business model.
Given the availability of other regulated platforms with more diversified loan offerings and fewer legacy issues, many investors might determine that alternative P2P platforms present a more favorable risk-return profile than Twino in the current environment.
Ready to Make Your Own Decision?
Visit Twino’s platform to learn more and form your own opinion
* Terms and conditions apply. Investment involves risk of capital loss. Past performance does not guarantee future returns. Always conduct your own due diligence before investing.
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