SWAPER Opinions 2024 Review

swaper reviews 2019

Swaper is a marketplace for loans from Latvia created in October 2016 and owned by Wandoo Finance Group , which uses this platform to publish the P2P loans it grants to its clients so that investors in crowdlending can participate in them.

With a 12% basic return with Buyback (and an extra 2%, that is 14% net for balances greater than 5,000 euros) … how is it possible that this P2P Lending platform is not better known and is not in the TOP lists? of each and every one of the bloggers and thematic websites of P2P loans?

Stay, because we tell you EVERYTHING right now in our MEGAReview 🙂

Swaper is like a dream for the investor in crowdlending: a comfortable platform, simple to use and with a very high profitability (12% – 14%) in loans 100% issued with a Buyback Guarantee … But as in any dream, the awakening and facing reality (in this case, the scarcity of loans) can be a hard experience. “
ATTENTION: at present we believe that there are better options to invest in high profitability crowdlending with Buyback. Here we comment the ones that sharing characteristics with Swaper surpass it in benefits

✰ MINTOS: Undisputed leader of European crowdlending by size and diversification, with more than 50 originators, hundreds of thousands of loans to choose from and returns of around 12%.

What is Swaper Statistics and Global Data

scam swapping or profitable

Swaper has all the classic winning ingredients of the good Latvian platforms: high yield loans, buyback and a very simple interface to use. Since its creation in 2016, it has managed to amass more than 60 million euros of financed volume, which makes it a relatively large platform, at the same time for other very good platforms such as Crowdestate , Peerberry or Robocash .

cash drag swaper

In addition, its average return of 12% and with the possibility of reaching 14% with the loyalty bonus for investors with more than 5,000 euros invested places it in the high range of the performance spectrum of crowdlending platforms, above the average and at the level of others like Grupeer or Fast Invest … then … where is the problem? … what is the problem?

Let’s summarize it with two words and an image below …

Swaper Cash Drag

cash drag that is

CASH DRAG is an English term that we can translate freely as “dead money” and is a phenomenon that occurs in crowdlending platforms when we have money ready to invest in our account … but there are no loans available to do so, drastically decreasing our average profitability because that dead money gives us 0% profitability.

In Swaper, unfortunately, the demand vastly exceeds the supply, and practically always there are no free loans available to invest as in the example of the image above.

If it were only a specific problem, this fact would be nothing more than a small setback from time to time, but in Swaper, the cash drag is the norm, not the exception, and it takes several years like this …

We have to understand that in the end Swaper is nothing more than the P2P arm of Wandoo Finance Group and that its offer is conditioned by the loans that its parent company issues. It is praiseworthy that they do not want to publish loans from other Originators over those who do not have direct control … but from the point of view of the investor it is very frustrating to have large amounts of money stopped very often despite the potential of the platform.

First Steps in Swaper

registry swaper

The registration in Swaper is standard with respect to other European lending P2P platforms, and requires filling out an initial questionnaire, uploading the relevant identification documents and making the first transfer to the bank account indicated to us.

Requirements to create an investor account in Swapper

+ Any person of legal age (over 18 years of age) can invest in Swaper …

+ … Be a citizen of any country in the European Economic Area (EEA)

Steps to Open an Account in Swaper Crowdlending

➊ Fill in the initial registration form.

➋ Upload the requested documentation, including a copy of the DNI or Passport and bank or service receipt showing our address.

➌ Make the bank transfer to the account number indicated with the concept indicated by Swaper.

Deposits How to add funds to our Swaper account

To add funds to our Swaper account we will have to do it by bank transfer. Swaper works with the Swedish investment bank Swedbank, and will provide us with an account number and a reference to make our transfer. In the approximate term of one or two business days, we will have the money in the platform ready to be invested.

Swaper Loyalty Bonus – Cashback Promocode

Swaper has an unfortunately very infrequent mechanism in crowdlending platforms, which is the LOYALTY BONUS, (Bonus for loyalty), a magnificent initiative that awards a + 2% additional return to all investors who have a balance of 5,000 euros or more on the platform for 3 consecutive months.

The Bonus is granted automatically when you meet the conditions indicated, and allows us to access loans at 14% with Buyback … A point in favor for Swaper! … if not for the scarcity of loans rampant

How Swaper Commissions Work

Swaper has absolutely NO commission for the investor. It is a platform “0,0” WITHOUT commissions, as we like in TodoCrowdlending.com 🙂

How to Invest in Swaper in 2024

In Swaper we have 2 main ways to invest. In the following sections we will describe each of them:

✰ Manual Investment from just 10 euros per loan.

✰ Automatic Investment through the functionality of Autoinvest.

Manual Investment Swaper Analysis – Most Important Parameters

swaper analysis

➊ Loan Status

The STATUS is the situation in which the loan is located. Basically there are 3 options:

* CURRENT (per day): when the borrower is up to date with payments and everything goes according to the expected repayment schedule.

* DELAYED (delayed): when the borrower has not paid any of the installments within the indicated period.

* EXTENDED (prolonged): When the platform and the borrower have agreed to a prolongation of the agreed loan.

➋ Country

At Swaper we have no less than 5 different countries to invest in, which include Poland, Denmark, Georgia, Russia and Spain.

➌ Interest Rate

The annualized interest rate that we will receive in this loan. In Swaper we do not have to break our heads a lot … All loans come with a “flat rate” of 12%

➍ Term

Time in days until the end of the loan. In some modalities there is the possibility that Swaper and the borrower agree to an extension of the same, which would give rise to the EXTENDED status, as we discussed in the first section.

Swapper How Autoinvest Works (Automatic Investment) – Step by Step Tutorial and Configuration

autoinvest swapping

Swaper presents one of the Autoinvert features that are easier to use and configure. Here we show you everything you need to get it ready in 13 steps.

➊ Define the maximum portfolio size up to 10,000 euros. It does not have much impact, here we must indicate a large enough amount that exceeds the amount we have in Swaper and / or what we plan to add in the short term.

➋ Define the validity period of the Autoinvest. eye! this is NOT the duration of the loans, but a kind of expiration date in which the Auto Invert is automatically turned off. We can define that it is operative a maximum of 36 months (3 years).

➌ Define the minimum and maximum interest rate we want. In this case we recommend leaving it blank, because in Swaper the interest is fixed and common for all operations. Right now it’s 12%

➍ Establish the maximum investment per loan. Here the logical thing is to indicate the minimum possible amount, that is, 10 euros.

➎ Establish the minimum loan size in which we are willing to invest. Quite irrelevant, we leave it blank.

➏ Establish the terms in which we are willing to invest. A minimum and maximum term in months will be indicated. If we leave it blank, by default we will see 0 of minimum and 13 of maximum. Each investor must decide the configuration that best suits their style, but we must bear in mind that in Swaper more than in any other platform we are not interested in putting too many obstacles to Auto Invest in order not to limit the operations in which we can invest .

➐ We will then tell the system the minimum amount of free money available that we want to keep in mind. The Auto Invest will not be executed if the minimum available money falls below this value.

➑ We select the countries in which we want to invest from the list provided by Swaper (Spain, Georgia, Russia, Denmark and Poland).

➒ In this button we indicate to the system if we want to reinvest. If affirmative to expiration of an operation, capital and interest will be reinvested in new operations according to our criteria.

➓ In this button we will tell the AI ​​if we want to invest in extended loans. Normally here we indicate NO, but given the shortage of operations in Swaper and the existence of Repurchase Guarantee, we can consider indicating YES.

➊➊ In this button we indicate to Autoinvert if we want to invest in delayed loans. Again, in other platforms this would be a NO safe, in Swaper we could consider a YES.

➊➋ To finish we will accept the terms and conditions and …

➊➌ Press the SAVE button … Everything is ready!

Secondary Market Swapping and Liquidity

swaper secondary market

Swaper has a secondary market to make our holdings liquid. To access it, we will simply go to MY INVESTMENTS and from there we will select the loan that we want to sell and the price at which we want to sell it.

Depending on the supply and demand and the price that we have raised, our sales operation will succeed quickly or not.

Buyback Buyback Swapping Guarantee

All Swaper loans have Buyback (Repurchase Guarantee) and their operation is quite standard with respect to what we are used to in platforms such as Mintos, etc.

In Swaper, the Repurchase Guarantee covers capital and interest and is activated at 30 days from the non-payment of the loan by the borrower in the short-term loans and the 60-day loan for the longer-term credits.

Wandoo Finance Group – Swaper Crowfunding Originators

Swaper is a P2P platform dependent on a matrix Originator , in the style of Viainvest , that is, instead of agglutinating a series of different credit Originators, all the originators are subsidiaries of the same business group, in this case Wandoo Finance Group.

wandoo swaper

Wandoo is a Latvian technology systems development company specializing in the financial sector, with more than 100 employees and more than 30 business initiatives launched since its inception in March 2016.

Swaper Crowdlending Cash Withdrawals

Swaper allows withdrawals from 10 euros and without any cost to the investor . Usually these operations are processed very quickly, and in one or two business days we will have the money back to our bank account

Is Swaper safe? Risks and Regulation

swaper is safe

Swaper is a company registered in Latvia with number 40203005445 since July 2016 and subject to the laws of that country and of the European Union in terms of business and service relations to its customers.

Like the other platforms in crowdlending, investing in P2P loans in Swapping can be a very profitable activity, but not without risk, some of which we indicate below:

Risk of Lack of Liquidity

One of the issues that we have to assess in all our investments in crowdlending is the liquidity of the same, which in many cases is linked to the maturity of the operations in which we participate.

Swaper is NOT an exception in this sense, but it has a secondary market that allows us to sell our shares without cost at any time, which gives the platform more liquidity, although we must take into account that this is not synonymous with that we can sell our loans instantly at the price we want.

Risk of non-payment of loans by borrowers

The risk of default on the part of the borrowers is one of the most relevant in any P2P loan platform.in Swaper this risk is greatly mitigated thanks to the Buyback mechanism or Repurchase Guarantee.

In case a borrower is delayed more than 30 or 60 days – it depends on the loan – to pay their fee, Swaper will buy us the operation and we will receive our principal + the interest owed as if nothing had happened.

Bankruptcy risk of one of the Originators

In the case of Swaper, as well as other cases such as Viainvest , all originators depend on the same parent company (the aforementioned Wandoo Finance Group), with which this Originating Risk is transferred and converted directly into Platform Risk (bankruptcy case) of Swaper or its parent).

Bankruptcy Risk of the Platform

In the unlikely event that Swaper faces financial problems that result in a bankruptcy of the same, according to the FAQ platform, we would still be the owners of each of the shares of the loans we have , which in principle, we would only lose the Repurchase Guarantee coverage (we would continue to receive the loan payments per day).

In any case, from the platform they emphasize that this is a very unlikely scenario given that Swaper operates with a high margin between the interest it charges the borrowers and the interest it offers to investors , which is more than enough to cover operating expenses and possible defaults.

Web Swagger Ergonomics and Reports

Swaper has a minimalist website and very simple to use: it will not be a problem even for the novices in the world of Peer to Peer lending.

If we carry out the distance study in clicks for the most habitual operations that we usually carry out, we obtain the following results:

★★★ 3 clicks to invest in one of the loans.

★★ 2 clicks to see the status of one of the loans in which we have invested.

★★ 2 clicks to withdraw money.

Which is better than the average of the rest of crowdlending platforms. Very well!

Swaper Real Annual Return Expected

✰ Swaper has an average gross return of approximately 12 % , depending on the type of loan and the credit quality of the borrower

✰ Does not present management commissions, nor any other type of commissions for other basic operations.

✰ With a Buyback Guarantee on ALL your loans, there must be no loss of profitability due to non-payment.

✰ The estimated annual average net profitability, therefore, is 12% base less (0)% of losses and commissions = 12% net annual for a well-diversified portfolio in the long term , which is slightly above the average of platforms of crowdlending evaluated on this web.

Taxation Swaper SIA – Tax Retention and Taxation Tax

Swaper DOES NOT practice any withholding of interest earned on its platform. It is our responsibility to declare them in the IRPF / Annual Income Tax Return. Remember that the interests of crowdlending are taxed as return on movable capital. In case of doubts, please consult with a tax advisor.

Swapping P2P Lending – Contact Information and Customer Service

email swaper

Swaper is headquartered in Marupe, a suburb of the Latvian capital, Riga, and has a regular office hours from Monday to Friday in which we will attend (in English) any questions we ask them by phone +371 66155566

It also has a dedicated email: info@swaper.com . In our experience, Swaper quickly answers any question raised in a professional and efficient manner. Good customer service.

The Team behind the Company

swave iveta bruvele

On the Swaper website there is no detailed information about the specific key people in charge of the platform, so we are going to investigate a little more in the main positions of Wandoo Finance Group, Swaper’s parent company:

Iveta Bruvele – CEO

Iveta is the president and founder of Wandoo Finance and has more than 11 years of experience in the financial services area. Iveta has held many responsible positions in several financial services companies throughout his career and his key competencies include strategic planning, financial analysis, systems implementation, human resources management and marketing.

Elina Rasmane – COO

Prior to joining Wanoo, Elina has held positions as Product Manager and Business Developer in the areas of consumer loans and major financial investments, being in charge of product management from the scope definition to the launch in several countries .

Margarita Jankova – Business Development

Margarita has held several Project Management and Customer Service positions at some of the largest loan companies in Europe before joining Wandoo Finance. He has a great knowledge and experience in business development applied to several European markets.

In this space we will include a video of the company when it is available.

Is Swaper reliable? Opinion Forums, Networks, Aggregators …


Swaper has very good valuations both in the Trustpilot aggregator par excellence and in social networks, and usually presents good reviews in the European community of investors in crowdlending.

As a major highlight, the scarcity of loans is highlighted, as we have commented throughout this review , but there is no doubt that it is a serious and reliable company.

Our Personal Investment Strategy in Swapper

We only discuss details of advanced strategy on investment websites with 4 or 5 star rating.

Opinion Swaper 2024 – Final Conclusion

Swaper is like a dream for the investor in crowdlending: a comfortable platform, simple to use and with a very high profitability (12% – 14%) in loans 100% issued with a Buyback Guarantee … But as in any dream, the awakening and Facing reality (in this case, the scarcity of loans) can be a hard experience.

And, quietly we could be talking about a 5-star platform if it were not for the chances of having our money stopped are extremely high today , which makes, in practice, not a platform or the most profitable ( for that 0% that gives us the money stopped) or the most passive (for having to be aware of whether our money is invested or not).

Advantages of Swapping – Strong Points

➊ Lightweight platform, intuitive and very easy to use, designed for beginners in the P2P lending.

➋ 12% returns with Buyback, which can reach 14% with the loyalty bonus.

➌ Loans usually in the short term, backed by a solid group such as Wandoo Finance Group.

Weaknesses and Aspects to improve

➊ Worrying shortage of loans and associated cash drag persistent over time, which will surely reduce the profitability of our portfolio.

Alternatives to Swaper Review

As we commented at the beginning of this review, there are currently crowdlending platforms that offer returns that are as attractive as Swaper but do not suffer from the problems this shortage of credits has to invest.

Mintos , Grupeer and Fast Invest are obvious alternatives, along with other very good platforms such as Viainvest or Peerberry in case the short term is our strength.

Swaper Forum

Do you want to have a space to comment and share your doubts and experiences about this Latvian crowdlending platform? … Look no further, here below we enable the Swaper Forum so you can express yourself and ask freely … Write us your comment! 🙂

Review Date
Reviewed Item
Author Rating