Swaper investors have earned €6.5m in interest to date
Estonia-based peer-to-peer lending marketplace Swaper added 29,343 new loans to its platform last month, bringing the total number to 1,426,778.
Swaper investors funded nearly €11.68m (£10m) of loans in July and earned interest of €6.5m to date, according to the latest update from the firm.
Total cumulative investments grew to €429.8m.
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Swaper, which launched in October 2016, connects investors across Europe – including from the UK – with short-term consumer loan opportunities in central and Eastern Europe.
The platform allows users to transfer any currency to their Swaper account, as it accepts all currencies. However, payments received in currencies other than euros or pounds will be automatically converted to the user’s base currency.
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In June, the platform added 28,171 new loans to its platform, while its investors funded nearly €10.91m worth of loans.
Swaper reported a net profit of €114,000 in its latest published annual results for 2021, on revenues of €2.15m.
Read more: Estonia’s Swaper sees €10m funded in April