A Look Back at Swaper’s 2023

Welcome to the inaugural blog post of Swaper for 2024! As we wrap up warmly to face the cold January winds, it’s time to look back and plan ahead. The new year invites us to embrace fresh starts and new opportunities.

In this post, we’re excited to share with you our latest numbers and a comprehensive look back at our achievements from the past year. Join us as we embark on this exciting journey into 2024!

2023 in numbers

In 2023, we added 367 393 new loans to our platform and the total of all lifetime loans grew to 1.6 million. Last year, our investors earned 2.04 million EUR in interest, which is 43% higher than the year before. The total cumulative investments grew to 507 million EUR.

Also, in the previous year, we welcomed 800+ new investors to our platform.

We encourage you to visit our updated statistics page, where you’ll find comprehensive and detailed graphs offering insights into loan statuses.

Updates in Swaper

Swaper Platform has unveiled a new product – business loans – provided through cooperation with Wandoo Finance Group. This addition will contribute to the ongoing availability of loan supply on the platform. Business loans will feature consistent terms, including:

  • a 14% interest rate, while our loyal users continue to benefit from a competitive 16%;
  • the loan term remains unchanged – 30 days;
  • if the borrower is 60 days late in repaying the loan, your funds and interest earned will be repaid as usual.

In addition to the new product Swaper Platform is actively collaborating with new loan originators, and we have already initiated work with Wandoo Finance Group to onboard a loan originator from Romania, where they started operations a year ago. Explore further details here.

Keep up with our blog

In 2023, we published several posts on our blog. We touched on various topics, offering insights and reflections. Our commitment to diverse and engaging content made the blog a go-to source for information. Here’s a quick recap of some topics:

See the full blog here.

Last year, we embarked on a journey to understand your needs better through a Customer Survey. The insights gained are now available for you to dive deeper here.

As we move forward, we are dedicated to the ongoing improvement of our website and mobile application. Rest assured, we will keep you informed about every step we take in this journey.

Your involvement is key to enhancing the Swaper experience in 2024 and we extend a heartfelt thank you to each of you for your trust and support. Your involvement and feedback are invaluable to us.

Wishing you all a happy, healthy, and abundant 2024!

Your Swaper Team