The crowdlending platform Swaper recently celebrated its 9th anniversary. To mark the occasion, it demonstrated a high level of transparency by publishing the audited annual reports for 2024 of its key partner, Wandoo Finance Group, and its own lending entity, SW Finance OÜ.
Since its creation, Swaper has posted impressive figures: more than €630 million in loans financed and more than €8.5 million in interest paid to its community of more than 7,500 investors.
But what do the financial audits really reveal? Let's dive into the numbers to assess the health of the ecosystem that supports your investments.
🚀 Wandoo Finance Group: A high-performance growth engine
Wandoo Finance is the main initiator of loans listed on Swaper. Its financial health is therefore crucial. The 2024 consolidated report is extremely positive in this regard.
- Explosive profitability : The group posted a net profit of €2.04 million in 2024. This is a spectacular increase of 392.5% compared to the €414,765 profit in 2023. This performance reflects effective management and strong demand in its markets (Poland, Spain, Romania).
- Massive revenue growth : Net revenue jumped 69.5%, from €20.5 million in 2023 to €34.7 million in 2024.
- A rock-solid balance sheet : The group's total assets climbed to €39.7 million, while equity reached €6.95 million, a sharp increase from €4.8 million in 2023.
- Global ambitions : Wandoo plans to continue its growth, explore new markets in Europe, the Caucasus, and South America, and continuously improve the efficiency of its operations.
The auditors' opinion is unqualified, confirming that the financial statements give a “true and fair” view of the group's situation. For investors, this means that Swaper's main source of loans is not only profitable but also in excellent financial health.
🌱 SW Finance OÜ: Swaper's rapidly expanding lending entity
SW Finance OÜ, established in July 2023, operates as Swaper's internal lending company. Its 2024 report, covering its first full year, shows the typical profile of a startup in the midst of an investment phase.
- Rapid growth : SW Finance OÜ's balance sheet has literally exploded. Total assets rose from €2.7 million at the end of 2023 to €16.6 million at the end of 2024. This growth is financed by a loan from its parent company (Swaper Platform OÜ) and by the sale of receivables on the marketplace.
- Results still in the early stages : For its first year, the company posted a net loss of €29,768. This loss logically resulted in negative equity of €46,196.
- Context and outlook : This situation is not unusual for an entity that is investing heavily to build its loan portfolio. The report specifies that operations in the following months are already profitable and that the equity situation should recover.
The auditors' opinion is also unqualified, validating the accuracy of the accounts. For investors, this shows an ongoing diversification strategy, whose return to profitability in 2025 will need to be monitored.
✅ Conclusion for investors
The publication of these two audits provides a clear and reassuring view of the Swaper ecosystem.
- Solid foundations : The financial health and impressive profitability of Wandoo Finance Group form the platform's foundation of security. This is the main driver of investor returns.
- Controlled diversification : The rapid growth of SW Finance OÜ demonstrates Swaper's strategic commitment to expansion. Although its start-up finances require monitoring, they do not present a systemic risk at this stage.
- Transparency as a sign of trust : Publishing these reports, including those of entities that are not yet profitable, is a sign of maturity and trust toward its investor community.
In conclusion, the Swaper ecosystem is built on solid financial foundations. Wandoo Finance's remarkable performance justifies confidence in the quality of the loans offered, making Swaper a serious and reliable player in the European crowdlending market.
Sources :
- SW Finance OÜ 2024 Annual Report Is Now Available
- Wandoo Finance Group: Audited Consolidated Annual Report for Year 2024