Peer-to-Peer lender Twino has announced that it has funded €100million of consumer loans across nine European markets. The platform has seen investment from more than 6,300 active investors from over 30 different countries, with 26% from Germany, 12% from the UK and 11% from the EE and Latvia.
Twino has seen a significant uptick in UK investors over the past 12 months, with December 2016 seeing a six times year-on-year increase in British investor numbers. UK investors funded the highest value of loans in December,.
The €100million milestone comes shortly after Twino’s expansion into Russia in December 2016, which marks the first time that a peer-to-peer lender has listed Russian consumer loans for investors.
Jevgenijs Kazanins, CEO of Twino, said, “Funding €100million of loans from our peer-to-peer platform in such a short space of time is a major milestone for TWINO. It demonstrates that in a volatile investment environment, investors are increasingly looking to diversify their portfolios and boost returns.