Tallinn-based Swaper, a marketplace platform offering to buy the claim rights for loan receivables and earn passive income, recently shared key platform updates.
By the end of last month, Swaper investors earned a cumulative of 6.42M Euros worth of interest.
In June 2023, the number of new loans added to the Swaper platform was 28,171, which means that the total number of loans grew to 1,397,435, and the total cumulative interest “equaled 418.1M Euros.”
Swaper further noted in a blog post that platform investors funded nearly 10.91M Euros worth of loans last month.
You may access a more thorough overview on their Statistics page.
In June, Swaper has also published an explainer, titled “P2P Marketplaces: Promoting Financial Inclusion and Democratizing Investment Access.”
As explained in the update shared by Swaper:
Peer-to-peer (P2P) marketplaces are streamlining investment access while boosting financial inclusion by “bringing borrowers and investors together.”
These platforms aim to “offer accessible and adaptable funding, eschewing conventional intermediaries and streamlining regulatory procedures.”
Individuals are able to “get access to credit and investment opportunities through P2P marketplaces, promoting economic growth and expanding investment portfolios beyond conventional options.”
P2P marketplaces are “changing how consumers access financial services and increasing prospects for global financial engagement as they continue to develop.”
As noted by its management, Swaper is a marketplace platform offering “to buy the claim rights for loan receivables where you can earn up to 16% annually.”
According to the firm, this process is simple, easy and “transparent.”
Since launching in 2016, they claim to have “demonstrated exponential growth and have raised among top investing players in Europe.”
To date, Swaper has “exceeded 390+M EUR in cumulative investments.”
Their Android and iOS apps aim to “provide feasible and easily-accessible solutions to meet the different needs of their investors.”
In addition, Swaper says it “has multiple innovative features, such as Auto-Invest Portfolio, BuyBack, Loyalty Bonus and more.”