Anyone investing in P2P loans with a buyback guarantee (which I guess is everyone here) should take this as a wake up call. Twino is the best in class in terms of structural protection in the BBG, since every loan is guaranteed by the parent company. Without the parent's guarantee it would be a shaky enterprise indeed since apparently over 80% of the originators may not be financially viable as independent entities. Imagine how you'd feel investing in a company like Twino where the BBG were given only by each country's local originator. Actually, you don't have to imagine since it exists and is called Mintos. And also Iuvo Group, Robocash, etc.
Post by southseacompany on Nov 15, 2019 12:06:12 GMT
JamesFrance , the increase in accumulated loss stems from the group's losses in 2017. The company has since turned around and posted a nice profit in 2018, so the title of this thread is now clearly out of date.
Twino's transformation is actually impressive, as it has gone in a couple of years from being completely dependent on Georgia to no longer originating any loans there (although I admit it has now become rather dependent on Russia). That displays a level of resiliency shared by few other LOs in the industry.