Newsfeed

From $Twino:

Key Figures:

An update from $Twino regarding the investment brokerage company license:

Lursoft reports that $Twino has a tax debt of 85 878.03 EUR, but hard to verify it: "Currently, due to technical reasons, the current information on tax debts in the SRS Publication Database www6.vid.gov.lv/NPAR is incomplete. Those interested who urgently need up-to-date data on tax debts, please contact us by writing to [email protected]. Sorry for the inconvenience."

From #BulldogP2P: War between Russia and Ukraine could spoil the P2P party.

From $Twino 2019 report: "In the year end 31 December 2019, the Company's operating result was a profit of 4,435 thousand euros. As indicated in Note 34 to the financial statements, the result of the income statement for 2019 was significantly affected by non-recurring income in the amount of 8,256 thousand, the recurrence of which is not expected in the foreseeable future. Also, the Company's current liabilities as at 31 December 2019 exceed its current assets by 2,480 thousand euros. We also draw attention to the uncertainty of the economic environment related to the spread of the new coronavirus described in Note 33 of the financial statements. The scale of uncertainty, as well as the described in the previous paragraph, makes it difficult for the Company's management to forecast the development of the Company's operations in the near future."

MenadiM experience with $Twino: "a short term loans can become a 7 months loan"

Bulldog P2P experience with $Twino. In short - avoid loans with currency exposure.

$Twino does not accept payments from Revolut anymore: "Unfotunately our banking partner Baltic International Bank (BIB) informed us that they no longer accept incoming payments from the e-money institution Revolut as it did not respond to the bank's KYC/AML requests about several incoming transactions. In accordance with the internal procedures of BIB, as well as the recommendations of the Financial and Capital Market Commission of Latvia, the bank cannot receive transactions from financial and payment institutions that repeatedly ignore interbank requests. To add funds to your TWINO account we kindly ask you to make a payment from your bank account in a licensed EEA bank or from a Transferwise Borderless account if you have one, as the bank still accepts Transferwise payments."

$Twino still has not published financial report for 2019, but according to their Oct 9th blog post: "a net profit of 4.4 million" was achieved for 2019. blog.twino.eu/twino-operated-with-a-profit-of-4-4-million-euro-in-2019/