We’re glad to share a Swaper annual report to inform our investors and partners about our business results in 2019. The audited annual report has been prepared in accordance with Estonian financial reporting standards.
In this annual report, you can find our financial statement from last year (income and financial position, cash flows, equity, and liabilities) and separately from the financial figures, you can also read comments from the management, including our response to the COVID-19 and the future outlook for operations in the upcoming years.
During 2019, we have achieved strong growth in business volumes, expanded our team and operations, and have significantly improved our investment marketplace. Here are the key figures to highlight: Our platform users amount has increased by 73% exceeding 3544 active investors.
The number of new loans funded reached 125.5 million EUR, meaning it has doubled compared to the previous year.
In line with the increase of the loans funded, the interest paid in 2019 increased by 23%, bringing the cumulative interest paid to 1.6 million EUR.
“2019 was a good year for Swaper and we are glad to share our financial report. In addition to notable financial results, the past year also brought us two fintech awards which are both achieved thanks to our great cooperation with our business partners, hard work of our team, and ongoing support of our investors. Going forward, we will continue to focus on working closely with our investors and partners to deliver even greater and valuable investment experience,” says Danija Misus, the Platform Lead at Swaper.
Despite it’s difficult to predict the uncertainties arising from the coronavirus pandemic and its effects on Swaper, we will continue focusing on growing both sides of our marketplace.
Increasing loan volumes, improving our web and mobile app, and delivering excellent customer support - these are the key areas we are going to work on in the upcoming months. We’re also planning to continue cooperating closely with our current and prospective loan originators to introduce new services to our investors.
We are going to give more updates on our financials on a regular basis so keep on visiting our blog, follow our Facebook or LinkedIn page. In the meantime, if you have any questions or comments, do not hesitate to get in touch with us email@example.com.