Based in Latvia, Twino is a recent P2P lending platform that seems to be a great alternative to popular P2P platforms that are only available to US citizens. Twino is, to the best of my knowledge, open to everyone. Twino is particularly interesting to me because, according to them, they will buy out loans from investors (principal amount and interest for the investment period) if they become 30 or more days overdue: see here (“All about investments” -> “Does TWINO guarantee the repayment of investment?”). To the best of my knowledge there are not many P2P lending platforms doing this.

The company presents itself as “Europe’s fastest growing P2P lending marketplace offering 10% annual return with the safety of the BuyBack Guarantee”, as you can see in the description on their Facebook page. In 2015, Twino’s markting team announced a plan for expansion, which started with the domination of the Baltics and then expansion to Northern Europe. Twino generates a risk analysis for each borrower using its platform, but I don’t know the specifics yet – I will get to know the platform as I invest.

Twino, let me tell you: you just started to conquer market in southern Europe as well, as I became an investor. 🙂 I started to use Twino this month (with €250 as I wanted to test the platform first and you can only get to test it after transferring money). I will progressively increase my account there, probably to €5K till the end of 2016, and load it the next years to match something between 5 and 10% of my net worth (I plan on compounding the interest as well). I have started to invest in short-term loans but I will gradually shift to long-term loans as I test the platform. So far, I have been buying small notes (up to €15) and I must say that I absolutely love the platform and the costumer service. My loans have interest rates of 10%-12%, so I expect my net ROI (after taxes) to be 7%, which is really awesome!

If Twino.eu sounds like a good alternative to you, stay tuned – I will report on my experience with the platform.