Reports in English?
Yes
reputable auditor?
Yes
accordance with IFRS?
Yes

Twino Income

Profit:

SIA Twino Financial Reports

Period Profit Assets Equity Debt Debt to Equity Audited by Published
2020 € 0.2m € 32.2m € 3.6m € 28.6m 7.9 BDO ASSURANCE SIA
2019 € 4.4m € 44.0m € 4.5m € 39.5m 8.7 BDO Assurance SIA
2018 € 3.7m € 52.8m € 0.9m € 51.8m 56.0 BDO Assurance SIA
2015 Aug - 2016 Dec € -1.7m € 50.3m € 6.1m € 44.2m 7.2 BDO Audit SIA

Twino Group Consolidated Financial Reports

Period Profit Assets Equity Debt Debt to Equity Audited by Published
2020 € 3.6m € 53.2m € 16.5m € 36.7m 2.2 BDO Assurance SIA
2019 € 5.8m € 66.3m € 20.5m € 45.8m 2.2 BDO Assurance SIA
2018 € 8.7m € 65.0m € 15.5m € 49.6m 3.2 BDO Assurance SIA
2017 € -10.6m € 51.5m € 9.7m € 41.7m 4.3 BDO Assurance SIA
2016 € -1.7m € 57.1m € 20.4m € 36.6m 1.8 BDO Audit SIA

Who Controls Twino?

The sole owner of Twino is Armands Broks.

Twino Business Model

TWINO offers to purchase Claim rights against borrowers. All of the loans on the platform are issued by TWINO's daughter companies, hence TWINO is profiting from the spread between the interest rates charged to the borrowers and paid to the investors.