Twino has launched a cashback marketing campaign on Polish mortgage securities to have a good time one 12 months of operations within the nation.
All investments made between 15 Could and 21 Could 2023 will earn a two per cent cashback bonus, which might be paid out inside 10 working days after the tip of the marketing campaign, on 2 June 2023.
Twino started working with Polish originator Fincard in Could 2022, which specialises in shopper lending. Fincard issued its first digital bank card final 12 months, and since then it has seen rising demand from each buyers and debtors.
“There was a rising demand from our native shoppers because the begin of our operations,” mentioned Izabela Sienkiewicz, managing director of Fincard.
“As of now, Fincard has issued over 62,000 playing cards to the Polish shoppers, and the whole issuance in credit score traces has grown by on common 10 per cent every month throughout 2023.
Learn extra: Alternatives in mainland Europe for UK buyers
“As of finish of April our gross portfolio was €17.5m (£15.21m), but we count on it to develop to €20m by the tip of the quarter.
“With the present tempo of the expansion it’s estimated that the online revenue of the corporate ought to attain round €4m by the tip of the 12 months.”
Earlier this 12 months, Twino launched a brand new vary of mortgage phrases and charges on its Polish mortgage securities having acquired permission from the regulator.
The Latvia-based funding platform’s mortgage phrases vary from three to 12 months, with corresponding charges now supplied at between eight and 14 per cent.
The cashback deal is on the market to all buyers who add cash both to their handbook investing or auto make investments accounts throughout the subsequent week.
Learn extra: Twino buyers earned 10.4pc in April