Peer-to-Peer Lending Insights: What’s Shaking the Industry in Week 39 of 2024
- As the South East Asia business is handled by TWINO*, the announcement last week was not surprising.
- Because I remember it was also said about Vietnam that there were no problems to be expected, but that was not true.
- It should also be noted that TWINO's Philippines portfolio is only about a third of that of Vietnam.
As the South East Asia business is handled by TWINO*, the announcement last week was not surprising. Philippine lender VAMO Lending has ceased operations. Although TWINO assures that there should be no problems with the remaining payments, investors are still cautious after the more than sloppy completion of the Vietnam investment. So could there be further losses for TWINO investors?
Absolutely yes. Because I remember it was also said about Vietnam that there were no problems to be expected, but that was not true. So if you want to be on the safe side, you should now sell your shares of the Philippines. If you want to gamble, buy it 🙂
It should also be noted that TWINO’s Philippines portfolio is only about a third of that of Vietnam. According to the latest figures, it was only EUR 855,000 and only that 2% of the entire TWINO portfolio. So a failure wouldn’t really shatter the earth. But still, as so often, it’s negative news for TWINO.
If you would like to know more about TWINO, then you can read the basics in my TWINO experiences. The platform offers a general registration bonus of EUR 20 * from an investment of EUR 100, ie 20% cashback!
A division of the TWINO portfolio in August 2024.
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