Estonia’s Swaper sees €10m funded in April

Estonia-based peer-to-peer lending marketplace Swaper has announced that its investors funded €10m (£8.7m) of loans in April, which it deemed “a significant milestone”.

It added 29,440 new loans to its platform in April, which is 393 more than in March, according to a blog post on its website.

Swaper, which launched in October 2016, said its investors had earned cumulative interest of €6.1m by the end of April.

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“This is a significant milestone for us, and we couldn’t have achieved it without the support of our valued investors,” Swaper said. “We appreciate your trust in us and are excited to see what the future holds for Swaper.”

Swaper connects investors across Europe – including from the UK – with unsecured, short-term consumer loan opportunities in central and Eastern Europe, for as little as €10. It accepts investments in either euros or sterling.

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The platform has 5,761 active investors, according to its statistics page.

Swaper reported a net profit of €114,000 in its latest published annual results for 2021, on revenues of €2.15m.

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