Swaper Review: How to Invest in Swaper

Swaper is a p2p investment platform for unsecured short-term consumer loans. It is based in Estonia, but most of its borrowers are from Spain, Poland, and Denmark. You can invest a minimum of 10 EUR and earn an annual interest rate of between 14% and 16%. Swaper has features like a buyback guarantee, an auto-invest tool, and a secondary market where you can sell your loan. Swaper is a free-of-charge investment platform. In this article, we are going to review Swaper and show you how to invest in it.

Swaper Review: Quick Facts

  • Swaper is a p2p investment platform for consumer loans. It is based in Estonia.
  • You can invest a minimum of 10 EUR and earn an average annual interest rate of 14%.
  • Swaper has features like a secondary market, auto-invest tool and their loans are backed up by a buyback guarantee.

Who Can Invest in Swaper?

Swaper peer-to-peer lending mainly targets European investors. Companies and individual investors can invest in Swaper. Therefore, if you want to invest in the platform, you must be:

  • A resident of the European Economic Area
  • Have a bank account in any of the member states
  • Be at least 18 years old

Go to Swaper Website

How Swaper Works

Swaper is a technology company at its core. The company provides a platform where investors like you can make loans and earn an annual interest.

There are three sides of Swaper. These sides are the technology (Swaper), lenders, and originators. Swaper provides a platform that connects the lenders and the originators. It does all the due diligence and allows the platform to work.

Unlike many other peer-to-peer companies, Swapper does not have many originators. Instead, it uses one company, known as Wandoo Finance Group to do the originations. An originator is tasked with finding loans and doing due diligence. This ensures that the loans are safe for ordinary investors to put their funds. Finally, investors can then allocate money in these loans.

Wandoo Finance Group
Wandoo Finance Group.

How to Invest in Swaper

Investing in peer-to-peer platforms like Swaper is relatively easy. All you need to do is to ensure that you meet the qualifications. In this case, you must be from one of the several countries in the European Economic Area to become an investor. You must also be above 18 years old and have a bank account.

If you meet these qualifications, you need to create your free account. You can do this on the sign up page.
After you sign up, you will need to verify your details. First, you will need to verify your email address. Second, you will need to submit your ID and physical address. This is required for the company to avoid money laundering.

After this, you need to deposit funds into your account. You can deposit the funds in dollars, euros, and sterling. You can use online banks like N26, Wise and Revolut to despoit funds into the account.

Finally, you need to select the loans you want to invest in manually. Alternatively, you can let the system select investments for you. To do this, you need to tell the system a few things such as:

  • Your expected annual return.
  • Maximum investment in one loan.
  • Loan term in months.
  • Loan country.
  • Don’t invest if the balance is below a certain limit
  • Reinvest
  • Remaining available balance.

As we always recommend, it is always important for you to read the terms and conditions before you invest. You can read Swaper’s terms and conditions here.

Swaper Features

Swaper has free-of-charge investment features that are accessible to all investors.

Buyback Guarantee

All loans on Swaper come with a buyback guarantee. This means that investors are assured of getting compensated in case the borrower cannot repay the loan. If the borrower cannot repay the loan, you will be compensated for the amount you have invested and the interest you would have earned during the loan period. Buyback takes effect if the borrower is late in repayment of the loan for more than 30 days.
 

Auto Invest Feature

Swaper also has an auto-invest feature that allows investors to select loans to invest in on autopilot. The investor can set a criterion which the system will be used to select a loan to invest in. For instance, the investor can set a certain interest rate, country, or loan duration and the system will automatically select loans that meet those conditions.
 

Secondary Market

Swapper also has a secondary market where investors can sell their loans before maturity. You can sell a part of the loan or the full amount. This feature allows one to easily move funds and also exit the platform easily for those who would want to. You will not be charged any fee when you sell your loan in the secondary market.
 

Swaper Mobile App

Swaper has a mobile app available on Google Play Store that you can use to invest. You can use the mobile app to track your investments, get push notifications and adjust account settings. You can also create auto-invest portfolios through the app.
 

What are the Benefits of Investing in Swaper Loans?

There are several benefits that you get from investing in Swaper loans. Some of these benefits are:

  • Fast-growing company. Swaper is one of the fastest-growing peer-to-peer companies. The company’s cumulative investments have grown from €20M in 2017 to more than €117 million.
  • Diversifying your income. Investing in Swaper allows you to diversify your earnings. It is also a good way of making passive income.
  • Loyalty bonus. Swaper has a loyalty bonus. You get a 2% bonus when you deposit €5,000.
  • Buyback guarantee. Swaper buys back your loan if the borrowers default on their obligations.
  • Good returns. Swaper offers a fixed return of 12%, which is above average.
Pros of investing in Swaper
Advantages of investing in Swaper.

Cons

  • Only operational in Europe
  • Has only one loan originator; Wandoo

Swaper Supported Countries

You can invest or borrow from Swaper if you are from within the European Economic Area. You need to have a bank account in one of the supported countries.

Is Swaper Safe?

Swaper is a safe and secure investment platform. Swaper was started in 2016 and became profitable in 2019. Also, Swaper loans are secured with a buyback guarantee. However, just like any investment, there are risks associated with investing.

Swaper has “Excellent” ratings of 33% on Trustpilot. Investors like the platform for its transparency and its auto-invest feature that makes it easy to earn a passive income. However, some investors complained of non-disclouser about its loan originator, Wandoo Finance.

Swaper Alternatives

You can invest in these other investment platforms as an alternative to Swaper.

Swaper Review Summary

Swaper investment platform cones with features like a buyback guarantee on loans to secure investors’ funds, and an auto-invest tool to select loans to invest in on autopilot. You can invest as low as 10 EUR on the platform. It is a free-of-charge investment platform. It also has a secondary market where an investor can sell their investment portfolio before maturity. However, the downside of Swaper is that it is only available in Europe and has only one loan originator; Wandoo.

Go to Swaper Website

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Crispus is a finance professional with more than a decade experience in the industry. Over the years, Crispus has written in-depth articles on leading platforms like CCN, Marketwatch, and Seeking Alpha. He also runs a Forex education and managed account company called WestEndFx.