EIB grants €17 million loan to Finnish phone refurbisher Swappie

The European Investment Bank (EIB) has approved a €17 million loan to Swappie, Europe’s largest iPhone refurbisher. This funding aims to enhance the quality and efficiency of smartphone refurbishing, extending device lifespans, reducing electronic waste, and enabling more consumers to lower their carbon footprints.

The loan, guaranteed by the InvestEU program, underscores EIB’s commitment to promoting the circular economy and supporting the European Green Deal.