{"id":2929,"date":"2025-12-02T15:14:39","date_gmt":"2025-12-02T13:14:39","guid":{"rendered":"https:\/\/swaper.com\/blog\/?p=2929"},"modified":"2025-12-02T15:17:04","modified_gmt":"2025-12-02T13:17:04","slug":"swaper-platforms-2024-annual-report-is-out-now","status":"publish","type":"post","link":"https:\/\/swaper.com\/blog\/en\/swaper-platforms-2024-annual-report-is-out-now\/","title":{"rendered":"Swaper Platform\u2019s 2024 Annual Report is Out Now!"},"content":{"rendered":"<p data-start=\"221\" data-end=\"452\">We are pleased to announce that&nbsp;<a href=\"https:\/\/swaper.com\/assets\/reports\/annual-report-2024.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Swaper Platform O\u00dc\u2019s 2024 Annual Report<\/a> has been audited and filed with the registry. It provides a detailed overview of our 2024 financial performance, major developments, and strategic initiatives.<\/p>\n<p data-start=\"454\" data-end=\"568\">Below are key figures and highlights from 2024 \u2014 giving you a concise view of how Swaper fared over the past year.<\/p>\n<h2 data-start=\"570\" data-end=\"623\">\ud83d\udcc8 2024 at a glance \u2014 Financials &amp; Platform Growth<\/h2>\n<ul data-start=\"625\" data-end=\"1283\">\n<li data-start=\"625\" data-end=\"755\">\n<p data-start=\"627\" data-end=\"755\">In 2024, consolidated revenues reached <strong data-start=\"666\" data-end=\"683\">\u20ac4.43 million<\/strong>, up from \u20ac2.97 million in 2023.<\/p>\n<\/li>\n<li data-start=\"756\" data-end=\"880\">\n<p data-start=\"758\" data-end=\"880\">Gross profit (after cost of sales) was <strong data-start=\"797\" data-end=\"809\">\u20ac805,897<\/strong>, compared to \u20ac739,641 in 2023.<\/p>\n<\/li>\n<li data-start=\"881\" data-end=\"1046\">\n<p data-start=\"883\" data-end=\"1046\">Our gross profit margin declined to <strong data-start=\"919\" data-end=\"926\">18%<\/strong> in 2024 (2023: ~25%), reflecting increased investments and expanded operations.<\/p>\n<\/li>\n<li data-start=\"1047\" data-end=\"1148\">Net result for the year was a <strong data-start=\"1181\" data-end=\"1200\">loss of \u20ac57,864<\/strong>, compared to a loss of \u20ac119,667 in 2023.<\/li>\n<\/ul>\n<h2 data-start=\"1285\" data-end=\"1341\">Users, Loans &amp; Volume \u2014 Platform Adoption Accelerates<\/h2>\n<ul data-start=\"1343\" data-end=\"2115\">\n<li data-start=\"1343\" data-end=\"1498\">\n<p data-start=\"1345\" data-end=\"1498\">By December 31, 2024, the total funds provided by platform users grew to <strong data-start=\"1418\" data-end=\"1435\">\u20ac32.7 million<\/strong> (2023: \u20ac14.8 million).<\/p>\n<\/li>\n<li data-start=\"1499\" data-end=\"1681\">\n<p data-start=\"1501\" data-end=\"1681\">Active platform users increased by <strong data-start=\"1536\" data-end=\"1558\">17% year-over-year<\/strong>. The number of new active users roughly doubled compared to the start of the year.<\/p>\n<\/li>\n<li data-start=\"1682\" data-end=\"1841\">\n<p data-start=\"1684\" data-end=\"1841\">In 2024, cumulative funded loan volume on Swaper reached <strong data-start=\"1741\" data-end=\"1757\">\u20ac760 million<\/strong>, a 50% increase compared to the prior year.<\/p>\n<\/li>\n<li data-start=\"1842\" data-end=\"1955\">\n<p data-start=\"1844\" data-end=\"1955\">The volume of new loans issued in 2024 was <strong data-start=\"1887\" data-end=\"1914\">69% higher than in 2023<\/strong>.<\/p>\n<\/li>\n<li data-start=\"1956\" data-end=\"2115\">\n<p data-start=\"1958\" data-end=\"2115\">Interest paid out to users increased by <strong data-start=\"1998\" data-end=\"2005\">52%<\/strong>; by end of 2024 cumulative interest paid reached <strong data-start=\"2055\" data-end=\"2072\">\u20ac10.7 million<\/strong>.<\/p>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2939 aligncenter\" src=\"https:\/\/swaper.com\/blog\/wp-content\/uploads\/Swaper-2024-report-graphs.png\" alt=\"\" width=\"733\" height=\"677\" srcset=\"https:\/\/swaper.com\/blog\/wp-content\/uploads\/Swaper-2024-report-graphs.png 733w, https:\/\/swaper.com\/blog\/wp-content\/uploads\/Swaper-2024-report-graphs-300x277.png 300w\" sizes=\"auto, (max-width: 733px) 100vw, 733px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2 data-start=\"2117\" data-end=\"2177\">Strategic Development \u2014 New Business Model via Subsidiary<\/h2>\n<p data-start=\"2179\" data-end=\"2540\">One of the major milestones in 2024 was the full implementation of a new business model via our subsidiary SW Finance O\u00dc, 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.<\/p>\n<p data-start=\"2542\" data-end=\"2708\">This expansion strengthens the Swaper ecosystem and enriches the variety of earning opportunities available to our users.<\/p>\n<h2 data-start=\"2710\" data-end=\"2774\">Our Focus \u2014 Sustainability, Risk Management &amp; User Experience<\/h2>\n<p data-start=\"2776\" data-end=\"3136\">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.<\/p>\n<p data-start=\"3138\" data-end=\"3186\">Our priorities for the upcoming years include:<\/p>\n<ul data-start=\"3187\" data-end=\"3574\">\n<li data-start=\"3187\" data-end=\"3343\">\n<p data-start=\"3189\" data-end=\"3343\">Expanding the number and diversity of loans available for funding, by partnering with reliable loan originators.<\/p>\n<\/li>\n<li data-start=\"3344\" data-end=\"3441\">\n<p data-start=\"3346\" data-end=\"3441\">Enhancing the platform and improving user experience.<\/p>\n<\/li>\n<li data-start=\"3442\" data-end=\"3574\">\n<p data-start=\"3444\" data-end=\"3574\">Continuing to offer a secure and transparent environment for our community of investors.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3581\" data-end=\"3763\">We encourage you to read the full <a href=\"https:\/\/swaper.com\/assets\/reports\/annual-report-2024.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Swaper Platform O\u00dc\u2019s 2024 Annual Report<\/a> for a comprehensive understanding of the company\u2019s performance, financial statements, risk framework, and plans for the future.<\/p>\n<p data-start=\"3765\" data-end=\"3848\">As always, feel free to reach out with any questions or requests for clarification.<\/p>\n<p data-start=\"3850\" data-end=\"3933\">We look forward to another year of growth, innovation, and value creation together.<\/p>\n<p data-start=\"3935\" data-end=\"3951\">Your Swaper Team<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We are pleased to announce that&nbsp;Swaper Platform O\u00dc\u2019s 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 \u2014 giving you a concise view of how Swaper fared over the past [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2556,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Swaper Platform\u2019s 2024 Annual Report is Out Now! - Swaper Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/swaper.com\/blog\/en\/swaper-platforms-2024-annual-report-is-out-now\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Swaper Platform\u2019s 2024 Annual Report is Out Now! - Swaper Blog\" \/>\n<meta property=\"og:description\" content=\"We are pleased to announce that&nbsp;Swaper Platform O\u00dc\u2019s 2024 Annual Report has been audited and filed with the registry. 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