We are excited to bring you some fantastic news today. Our Annual Report for the year 2022 is completed – audited and published.
Feel free to explore the comprehensive 2022 Annual Report of Swaper Platform OÜ here. It offers a detailed overview of the year’s results, achievements, ongoing initiatives, and our future goals. While we encourage you to dive into the document at your own pace, we’ve also provided a brief summary of key highlights below.
In terms of financial performance, our business has seen a development. The revenues for the year 2022 reached 2.36 million EUR, showing growth from 2.15 million EUR in 2021. We are pleased to report a gross profit margin of 29%, marking a slight increase from 28% in 2021.
For the year 2022, the earnings before interest, taxes, depreciation, and amortization (EBITDA) amount to 189 thousand EUR, surpassing the figure of 160 thousand EUR in 2021. Additionally, we have generated a net profit of 130 thousand EUR, compared to 114 thousand EUR in the previous year. The total funds provided by platform users have increased to 13.37 million EUR, demonstrating the continued growth of the Swaper Platform (12.22 million EUR in 2021).
While our primary objective remains unchanged — to increase the number of loans available for funding in a safe and secure manner — we’re actively engaged in bringing new loan originators and products to the platform. This is a meticulous process involving a comprehensive legal review and due diligence to ensure the addition of potential partners aligns with our standards.
“Swaper is strong and performing well. Management is working to continue increasing the number of loans offered for funding by onboarding more suitable loan originators and there will be some news about it beginning of next year. Another important focus is the development of the platform and maintaining the satisfaction of the platform users with the Swaper services.” CEO of Swaper Indrek Puolokainen.
Meanwhile, we have plans for the continuous enhancement of our website and mobile application. We are also committed to delivering excellent customer service to ensure the satisfaction and happiness of our users. Should you have any inquiries regarding the financial statement or any other matter, please don’t hesitate to reach out.