SW Finance OÜ 2024 Annual Report Is Now Available

We are pleased to announce that SW Finance OÜ’s audited Annual Report for 2024 has been submitted to the registry. This marks the company’s first full year of operations and highlights the significant steps taken to support the broader Swaper ecosystem through strategic lending activity and financial discipline.

We’ve summarised the key results and developments below to give you a quick overview of how SW Finance performed during its first full year.

Solid Growth in Lending and Revenue

SW Finance OÜ was established in July 2023 but in reality started its business operations in December 2023 with the aim of issuing business loans and supporting Swaper Platform OÜ’s expansion. 2024 marked the company’s first full operational year, during which it demonstrated a strong ability to scale and deliver consistent results.

Here are the main highlights:

  • Total loan receivables at year-end reached 14.64 million EUR.
  • Revenue (interest income) increased to 2.40 million EUR.
  • Gross profit reached 46,293 EUR.
  • Net result for the year was a loss of 29,768 EUR, which reflects deliberate investments in establishing sustainable operations and in 2025 the company is well profitable.

The loan portfolio was built through careful selection, with three companies receiving financing over the year. This measured approach aligns with the company’s risk-conscious strategy and long-term focus.

Stable and Responsible Lending Model

SW Finance OÜ operates exclusively in euros and works only with EU-registered companies. This approach ensures that the company’s risk exposure remains aligned with the European regulatory and economic framework.

A Growing Role in the Swaper Ecosystem

Throughout the year, SW Finance OÜ maintained close cooperation with Swaper Platform OÜ, helping to expand the range of opportunities available to users. The company remains committed to supporting this strategic partnership while continuing to enhance internal risk management and operational capability.

“Completing our first full financial year with a growing loan book and a disciplined financial framework is important. We remain focused on long-term growth and value creation,” said Indrek Puolokainen, Member of the Board of SW Finance OÜ

Looking Ahead

SW Finance OÜ has entered its second full year with a clear direction and a strong base for further development. While market conditions continue to evolve, the company is well-positioned to grow its role in the Swaper ecosystem by offering stable and structured business lending solutions.

We invite everyone interested to read the full 2024 Annual Report for a deeper look into the company’s performance and strategy.

Open the full 2024 Annual Report (PDF)

As always, feel free to contact our team at info@swaper.com if you have any questions or would like more information.

We look forward to the journey ahead with you.

Your Swaper Team