Welcome to the latest P2P lending news. In this Twino Russia repayments update, recovery rates have jumped above 88%, sending significantly more money back to investors. Meanwhile, Devon closes a historic Crowdestate project, Reinvest24 explains missing payouts, Lendermarket introduces a new Spanish lender, and Nectaro and InRento reach new investment milestones.

Please note my disclaimer: I do not provide investment advice and I do not make any individual investment recommendations. This article reflects only my personal opinions and observations and is intended for informational purposes only. Investing in P2P loans and project financing involves risks, including the possibility of a total loss of your invested capital. Past performance is not a reliable indicator of future results. Links to investment platforms may be affiliate or promotional links (usually marked with *), meaning I may receive a commission if you sign up or invest through them. All content and ratings are created independently and are not influenced by any platform provider.

News #1: Twino Russia Repayments Update Shows Recovery Rate Above 88%

There has been a significant development in the Twino Russia repayments update within a short period of time. As recently as January, the recovery rate for the loan originator LLC MMC MAKRO stood at 71.99%. At that time, €4,957,837.85 had been recovered out of the original €6,886,329.02 in outstanding loans.

According to the latest Twino Russia repayments update, the total recovered amount has now reached €6,083,982, representing 88.35% of the original loan volume. Since January alone, an additional €1,126,144.15 has been returned to investors, increasing the recovery rate by 16.36 percentage points.

A key driver behind this jump appears to be the offer to repurchase Russian investments at a 20% discount. According to Twino, the offer was widely accepted by investors (Check P2P News CW 5). Initially, around €200,000 had been allocated for these buybacks. In the end, significantly more capital seems to have been deployed to facilitate additional repurchases.

Today, Russian loans only play a minor role in the Twino portfolio. The largest exposure now lies with Netcredit in Poland, representing more than €34 million in outstanding volume.

Apart from Russia, the only remaining major problem case is Vietnam, where investors will likely have to expect some level of capital loss. The remaining question is not whether losses will occur, but how large they will ultimately be.

News #2: Devon platform developer fully repays old Crowdestate projects

The real estate developer MJL Enterprises, the group behind the platform Devon*, has officially settled all outstanding obligations from two historical Crowdestate projects. The affected developments were Sprukstes and Mailīšu Street 13 in Riga. The borrower for both projects was SIA Valdemāra 143, a subsidiary of MJL Enterprises.

The original financing volume for the projects was approximately €1.15 million. However, a total of around €1.45 million has now been repaid to investors. This means that investors not only received 100% of their invested capital, but also all accumulated interest since 2021, plus an additional 3% penalty payment.

In addition, all outstanding invoices from Crowdestate and related legal costs were covered. According to MJL Enterprises, the repayments were made entirely from the company’s own funds, as well as ongoing revenues from the Jelgava project and other development activities. Importantly, no investor funds from the Devon platform were used for these repayments.

The problems surrounding these projects originated during the structural difficulties and eventual shutdown of the Crowdestate platform. According to MJL Enterprises, this experience ultimately became a key motivation for launching their own investment platform, Devon, which has since become increasingly popular among investors.

With these repayments completed, all investor funds from the affected Crowdestate projects are now considered fully returned.

News #3: Reinvest24 wind-down update explains missing investor payouts

The insolvent real estate platform Reinvest24 has once again contacted remaining investors, providing an update on the current wind-down process. According to the platform, operations remain focused exclusively on recovering funds from ongoing projects.

As part of this Reinvest24 wind-down update, the company cites the loss of its payment service provider as the main reason why investors have not received payouts. According to Reinvest24, complaints from certain investors submitted to authorities, payment providers, and supervisory bodies in 2025 triggered additional compliance and AML checks. Although the platform claims that no violations were found, the payment provider ultimately decided to terminate the business relationship.

As a result, Reinvest24 states that it is currently unable to process payouts to investors or receive funds from completed project sales.

From my perspective, however, this explanation does not fully match reality. My own withdrawal request from February 2024 is still marked as “pending” today. In my view, the platform’s core issue has been — and likely still is — a lack of liquidity rather than purely technical payment processing problems.

Reinvest24 says it is currently negotiating with a new payment service provider, although the platform expects significantly higher fees once a new arrangement is in place.

News #4: Lendermarket adds Spanish lender RapiCredit Iberica to the platform

P2P marketplace Lendermarket* has announced a new regulated loan originator: RapiCredit Iberica. The company focuses on microloans in Spain, adding another European market to the platform’s lending portfolio.

RapiCredit Iberica began operations in November 2025 and is based on the business model of RapiCredit Colombia, which has already been active in the Latin American market for several years. The goal is to provide short-term digital consumer loans to people who typically have limited access to traditional bank financing.

According to the company, the lending business will be scaled gradually. The plan is to issue around 10,000 loans in the first year, increasing to more than 400,000 loans annually by 2031. Credit risk assessment will be based on the typical elements used in digital lending models: identity verification, credit scoring, and employment data.

The underlying model was originally developed in the Colombian market and is now being adapted to Spain.

For investors on Lendermarket, loans from RapiCredit Iberica will be available with interest rates of up to 15%. However, it is worth noting that RapiCredit Iberica was only founded a few weeks ago. This is an important factor to consider when evaluating the investment opportunity.

Expanding an existing lending model into a new geographic market can create growth opportunities, but it also introduces additional risks — something many P2P investors have learned the hard way over the years.

News #5: Nectaro and InRento reach new investment milestones

Several P2P lending platforms also reported notable milestones in their funding history over the past week. One of them is Nectaro, which has now facilitated more than €50 million in total investments. The platform has been active since 2023 and continues to grow steadily.

Already in the previous year, investors collectively earned more than €1 million in profits. The average Nectaro portfolio currently stands at around €8,000 per investor.

Another platform celebrating a milestone is InRento, which recently surpassed €80 million in funded investments. This achievement was largely driven by a strong performance in 2025.

Investor profits increased significantly during that year, rising from €3.1 million to €7.3 million, more than doubling year over year. The volume of realized investments also expanded sharply, growing from €5.5 million to €24.25 million.

At the same time, the number of active investors increased by around 30%. Despite the platform’s rapid growth, InRento’s default rate still remains at zero. However, two projects from the same property owner are currently experiencing difficulties, and the final outcome of those cases remains uncertain (Check P2P News CW 8).