Twino, a European peer to peer lender, has announced the launch of “Twino ventures” an offering that is said to provide high yield, secured loans.
In a release, Twino said the loans will allow investors to participate in real estate projects “carefully selected by a specialist real estate partner, working alongside Twino’s investment experts, led by founder and former CEO, Armands Broks.”
Twino said the new vertical is due to “rapidly growing interest” for high yield in different asset classes. The secured loans are said to generate annual returns of up to 12%.
The new loans listed on the platform will be granted by Twino to business ventures that are already proven in the market, or to pre-selected real estate development projects, which will then be repaid to investors when the projects are finalized and sold, according to the company.
Real estate is expected to be the first sector for Twino Ventures with additional offerings to be added in the coming years.
Of note, Twino recently launched operations in Vietnam under the brand name VAMO, in partnership with VIA SMS Group. Twino said it expects to continue its expansion in South East Asia during 2020.
“Twino Ventures is a testament to that, through this project, we’re offering our investors the diversification key for any mature portfolio alongside market-leading returns,” said Lasovskis.
Since inception, Twino reports over €1 billion in originated loans. Twino currently operates in; Poland, Russia, Latvia, Kazakhstan, and Vietnam.