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Swaper’s 2023 Annual Report is Out Now!

We are happy to announce that Swaper Platform OÜ’s 2023 Annual Report has been audited and submitted to the registry. It gives a thorough overview of the past year’s financial results, accomplishments, and strategic initiatives.

We’ve highlighted some key numbers and achievements below to give you a quick glimpse of how Swaper performed in 2023.

Significant Growth in User Engagement and Loan Volume

Swaper had an outstanding year in 2023, showcasing steady growth across key financial metrics. Here are the highlights:

  • Revenues grew to 3 million EUR, a notable increase from 2.35 million EUR in 2022.
  • The total funds provided by platform users increased significantly to 17.38 million EUR in 2023, up from 13.37 million EUR in 2022. This demonstrates the continued trust and engagement from our users as we expand our platform.
  • Our gross profit margin for 2023 was 26%, a slight decrease from 29% in 2022, as we made strategic investments to enhance the platform.
  • Net outcome for the year was a 101k EUR loss, down from a profit of 130k EUR year before, which was mainly due to the investment works into the new business model launched in December.



2023 was a year of growth, not just in numbers but also in Swaper’s strategic development. One of the biggest achievements was the successful introduction of a new business model in December. This was accomplished through the creation of a new subsidiary, SW Finance OÜ, which received a license from the Financial Intelligence Unit. This expansion allows us to offer more diverse opportunities for our users, adding another layer to the Swaper experience.

Continued Focus on Loan Availability and User Satisfaction

Our primary goal remains unchanged: to increase the number of loans available for funding in a secure and stable environment. Throughout 2023, we focused on building relationships with reliable loan originators to ensure a steady flow of loans.

“Swaper’s continued growth is a testament to our team’s dedication and users’ trust to use our services. We are actively working to increase more suitable range of earning opportunities for our users. The current, 2024 year is already promising even more exciting developments, including enhancements to our platform and services,” said Indrek Puolokainen, CEO of Swaper.

Enhancing the Swaper Experience

As always, we remain committed to improving our platform and mobile app to better serve our users. Throughout the year, we introduced several updates aimed at improving the user experience and plan to continue these efforts into 2024. Our customer service remains a top priority, ensuring that every interaction you have with Swaper is seamless and helpful.

We hope you take the time to review the full Annual Report and explore Swaper’s performance and initiatives in greater detail. If you have any questions or need further clarification, feel free to contact our team.

You can read the full 2023 Annual Report here.

We look forward to another exciting year of growth, innovation, and success with you!

Your Swaper Team