P2P lender extends European focus

Jessica Nangle

July 6, 2017

TWINO, the peer-to-peer lending platform, has begun short-term loans via its Kazakhstan originator.

Kazakhstan represents the sixth country listed on the peer-to-peer lender’s platform and the first time a European peer-to-peer lender has expanded to central Asia.

The Kazakh loans have a one month duration and a return rate of 11% per annum, and the loans will be covered by TWINO’s industry leading BuyBack Guarantee which protects from borrower default risk.

New standards at the double amid double standards elsewhere

Jevgenijs Kazanins, peer-to-peer platform lead at TWINO, said: “The expansion to Kazakhstan is a hugely important milestone for us and we’re proud to be the first European peer-to-peer platform to expand to Central Asia.”

The platform is listing loans across a number of European countries including Spain, Russia and Poland, averaging a return of around 12%.

TWINO also has more than 9000 active investors from the UK.

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