Swaper Platform’s 2024 Annual Report is Out Now!

We are pleased to announce that Swaper Platform OÜ’s 2024 Annual Report has been audited and filed with the registry. It provides a detailed overview of our 2024 financial performance, major developments, and strategic initiatives.

Below are key figures and highlights from 2024 — giving you a concise view of how Swaper fared over the past year.

📈 2024 at a glance — Financials & Platform Growth

  • In 2024, consolidated revenues reached €4.43 million, up from €2.97 million in 2023.

  • Gross profit (after cost of sales) was €805,897, compared to €739,641 in 2023.

  • Our gross profit margin declined to 18% in 2024 (2023: ~25%), reflecting increased investments and expanded operations.

  • Net result for the year was a loss of €57,864, compared to a loss of €119,667 in 2023.

Users, Loans & Volume — Platform Adoption Accelerates

  • By December 31, 2024, the total funds provided by platform users grew to €32.7 million (2023: €14.8 million).

  • Active platform users increased by 17% year-over-year. The number of new active users roughly doubled compared to the start of the year.

  • In 2024, cumulative funded loan volume on Swaper reached €760 million, a 50% increase compared to the prior year.

  • The volume of new loans issued in 2024 was 69% higher than in 2023.

  • Interest paid out to users increased by 52%; by end of 2024 cumulative interest paid reached €10.7 million.

 

Strategic Development — New Business Model via Subsidiary

One of the major milestones in 2024 was the full implementation of a new business model via our subsidiary SW Finance OÜ, which holds a license from the Estonian Financial Intelligence Unit. This strategic move allows us to originate business loans and broaden the scope of our offering beyond the existing marketplace.

This expansion strengthens the Swaper ecosystem and enriches the variety of earning opportunities available to our users.

Our Focus — Sustainability, Risk Management & User Experience

Despite the net loss, we remain committed to sustainable growth, strict risk management, and long-term stability. As detailed in the report, Swaper continues to actively manage liquidity and credit risk, maintain compliance with KYC/AML standards, and ensure that the business remains aligned with EU regulatory norms.

Our priorities for the upcoming years include:

  • Expanding the number and diversity of loans available for funding, by partnering with reliable loan originators.

  • Enhancing the platform and improving user experience.

  • Continuing to offer a secure and transparent environment for our community of investors.

We encourage you to read the full Swaper Platform OÜ’s 2024 Annual Report for a comprehensive understanding of the company’s performance, financial statements, risk framework, and plans for the future.

As always, feel free to reach out with any questions or requests for clarification.

We look forward to another year of growth, innovation, and value creation together.

Your Swaper Team