# European P2P leader TWINO expands to Central Asia and begins listing Kazakhstan loans
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-07-20
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: TWINO: European P2P Lender Diversifies with Kazakh Loans
Meta Description: Invest with TWINO, the first EU peer-to-peer lender offering Kazakh loans with 11% return rate and BuyBack Guarantee. Join 9,000 investors today!
URL: https://financedigest.com/european-p2p-leader-twino-expands-to-central-asia-and-begins-listing-kazakhstan-loanshtml

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- Latvian peer-to-peer lender offers investors the chance to further diversify portfolios with Kazakh consumer loans, the first European peer-to-peer lender to do so
- TWINO also today announces a new milestone of €150m loans funded through its platform since inception

TWINO, one of the Europe’s leading peer-to-peer lending platform, today announces that it has begun listing short term loans via its Kazakhstan originator- allowing its investors to further diversify their investment portfolios. Kazakhstan represents the sixth country listed on the peer-to-peer lender’s [platform and the first time a European](https://www.financedigest.com/uber-executive-says-european-taxis-joining-platform.html "Uber executive says European taxis joining platform") peer-topeer lender has expanded to Central Asia.   The Kazakh loans have duration of one month and will offer investors a [return rate](https://www.financedigest.com/workspace-says-utilisation-rates-boosted-by-post-lockdown-return-to-office.html "Workspace says utilisation rates boosted by post-lockdown return to office") of 11% per annum. The loans will be covered by TWINO’s [industry leading](https://www.financedigest.com/virtual-cards-will-help-lead-the-travel-industry-into-a-post-pandemic-boom.html "Virtual cards will help lead the travel industry into a post-pandemic boom") BuyBack Guarantee, which protects investors from borrower default risk.

The move to Kazakhstan coincides with TWINO’s [peer-to-peer platform celebrating over €150m worth of loans](https://www.financedigest.com/peer-to-peer-lending-how-to-use-p2p-lending-for-loans-and-investments.html "Peer-to-Peer Lending: How to Use P2P Lending for Loans and Investments") funded since inception in 2015. The platform is [listing loans across a number of European](https://www.financedigest.com/analysis-european-retailers-are-on-investors-naughty-lists-this-christmas.html "Analysis-European retailers are on investors’ naughty lists this Christmas") countries – including Latvia, Poland, Russia, Georgia, Spain and now Kazakhstan. It has returned a total of more than €2.7 [million in interest to investors during this time](https://www.financedigest.com/coca-cola-hbc-flags-one-time-195-million-hit-from-russian-operations.html "Coca-Cola HBC flags one-time 5 million hit from Russian operations"), averaging a return of around 12%. It has more than 9,000 active investors, \[12.5%\] from the UK.

Its parent company, TWINO Group, which is entirely self-funded to date, has issued more than €440 million of consumer lending since it was founded in 2009. Its [consumer lending arm launched operations in Kazakhstan in August](https://www.financedigest.com/german-eu-harmonised-consumer-prices-up-8-8-y-y-in-august.html "German EU-harmonised consumer prices up 8.8% y/y in August") 2016 and, since then, has issued over €2 million of loans.  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 P2P platform to expand to.

“The Kazakh [market is rapidly developing consumer](https://www.financedigest.com/analysis-jpmorgan-goldman-bet-on-tech-to-crack-uk-consumer-market.html "Analysis: JPMorgan, Goldman bet on tech to crack UK consumer market") lending environment. Our [investors will have access to premium yields](https://www.financedigest.com/shares-choppy-u-s-yields-fall-as-investors-digest-fed-minutes.html "Shares choppy, U.S. yields fall as investors digest Fed minutes") of around 11%, along with all the protections offered by TWINO, including our BuyBack Guarantee.

“We’re also proud to have celebrated our €150m funding milestone just two years after we started. We’ve generated a significant return for our investors during this time period and we continue to grow quickly [across Europe](https://www.financedigest.com/white-bullets-piracy-demonetising-programmes-drastically-reduce-ad-revenues-to-piracy-websites-across-europe-analysis-finds.html "White Bullet’s piracy demonetising programmes drastically reduce ad revenues to piracy websites across Europe, analysis finds") and beyond.”


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