EU – Baltic States, EU – CIS, Financial Services, Latvia

Before that, the company had a share capital of EUR 2,800.

Twino also has a subsidiary in Latvia, SIA OC Finance that issues non-banking loans under the Opencredit and Moneza brands.

Financial services company Twino started operations in Latvia in 2009 (prior to that the company had other official names, and before reorganization its name was SIA Finabay).

Twino Group companies issue consumer loans in Latvia, Poland, Czech Republic, Russia, Georgia, Denmark, Mexico and, starting this year, also in Spain and Kazakhstan.

For operations abroad, the company uses the following brand names: NetCredit, InCredit, Moneza, eZaem.

The company also maintains peer-to-peer lending marketplace Twino where investors can invest in consumer loans issued by Twino Group companies in Poland, Georgia, Denmark, and Russia.

Armands Broks is the sole owner of Twino.