Swaper's auto-invest screen looks great

Swaper review – Stable returns for short-term loans

Swaper’s overview

Swaper allows to invest in short-term (one month) individual loans. All these loans yield 12% annually and are covered by a buyback guarantee. For very large portfolios (€ 5,000 or more), the interest rate is increased to a very nice 14%.

My opinion on Swaper

Like Robocash, Swaper will mostly appeal to short-term investors; for longer durations, many platforms offer higher returns. Overall, Swaper looks like a better choice than their direct competitor Robocash, thanks to the better ergonomics and translation. Moreover, as the platform finally managed to increase the overall loans volume, the cash drags that regularly plagued the platform seem to be a thing of the past.

Swaper is also a great choice for investors who plan to invest at least € 5,000; indeed, the Loyalty bonus will grant them a 14% interest rate, making this platform extremely competitive !

Detailed ratings

Performance

Swaper‘s interest rates are 12% yearly, which is only interesting for very short investors.

Loans liquidity

The loans volume on the platform finally seems to match investors’ demand.

Reporting

The available reporting is rather basic, but will be enough for most investors.

Buyback guarantee

The buyback guarantee usually triggers after 30 days, a rather short delay.

Website ergonomics

The platform is straightforward to use.

Swaper’s pros & cons

Pros

  • The platform is easy to use
  • Opportunity to invest for a very short duration
  • For large portfolios, the 14% interest rates is excellent

Cons

  • For longer durations, most competitors offer better returns

Loans characteristics

Loans duration

Short-term : one month or less

Loans kinds

Individual

Minimal investment

€ 10

Buyback guarantee

Buyback guarantee available

Currencies

EUR – Euro

Overview of Swaper’s loans

For most investors, the loans offer a uniform 12% interest rate for a 1-month duration; there are also a few longer-term loans on the platform. Borrowers are located in various European countries :

  • Spain
  • Poland
  • Denmark
  • Georgia
  • Russia

As mentioned above, the interest rate is bumped to 14% for portfolios larger than € 5,000.

Loans volume

For a while, Swaper had troubles handling the amount of money deposited on the portal, thus I often found myself with a large idle account balance. That was my main concern about this company, and the reason why the sum I invested there was is rather low.

Fortunately, the situation has improved gradually; as I’m updating this article in summer 2019, all my funds are invested and there are enough loans available to invest manually.

Swaper's loans list
Swaper's loans list

Buyback guarantee

The delay for buyback guarantee used to depend on the loan duration; now, it’s 30 days for all loans. This is a shorter delay than most competitors.

Both principal and accrued interest are covered by the guarantee.

Platform’s features

Early exit

Early exit available

Investing methods

Auto-invest

Manual investing

Secondary market

While the short-term nature of most loans make it rather unnecessary, there’s a secondary market available, should you want to resell your loans. There’s no fee involved.

Manual investing

For a long time, investing manually at Swaper was impossible. Indeed, although the feature existed, there was simply no loan available to invest in; all new loans immediately got bought by auto-investors.

With an increased loans supply, it’s finally possible to pick up loans manually; however, the auto-invest is so simple to use that there’s little point in doing so.

Auto-invest

The auto-invest feature is really easy to configure.

One minor annoyance though, actually also found in ViaInvest‘s website is the color scheme used for toggles. Surprisingly, a red toggle actually means “on”. I really can’t figure why they don’t use more classical checkboxes instead !

Apart from that, this screen is extremely readable, as you can see in this screenshot :

Swaper's auto-invest screen looks great
Swaper's auto-invest screen looks great

Website’s ease of use

Languages

English, German

Funding methods

Account funding and funds withdrawal

Website’s design and ergonomics

Swaper‘s website is pleasant to use and works well, thanks to a limited set of features.

There’s also an app available for Android and iPhone; I didn’t try it out yet.

Available languages & translations quality

Swaper‘s English translation is great.

Reporting

The website offers common reporting features such as investments list or account statement. Some of this data is downloadable as an Excel file.

Documentation

The FAQ is rather complete, and seems to have been expanded recently.

Support

There’s a live chat available, and it’s possible to get in touch with Swaper by e-mail. I sent them questions several times and their answers were always both prompt and precise.

Communication from the platform​

Swaper will send a weekly account summary, as well as a monthly newsletter.

Actual performance of my Swaper portfolio

12,07%

At the end of October 2019, the XIRR for my Swaper portfolio was 12,07%.

Now that all my funds are invested, this performance is very close to its theoretical value of 12%.

Don't hesitate to read my most recent crowdlending portfolio review for detailed platforms performance comparison as well as historical performance.

Portfolio creation date

I created my Swaper portfolio in February 2017.

Swaper's main competitors

For a detailed comparison of the different p2p-lending marketplaces, check out this article.

Swaper's facts & figures

Location

Marupe, Latvia

Founded in

2016

Number of investors

2,420

Loans amount financed

€ 79,839,596

As of October 2019

Who can invest at Swaper

To become an investor you need to be at least 18 years old, be a resident of a European Economic Area (EEA) country and have a bank account in a bank situated in an EEA country. An individual is recognized as a resident if he or she is a citizen, has a residence permit or is registered as a tax payer in an EEA country.

Swaper FAQ

Disclosure

Please note that this review may contain affiliate links. It means that I will earn a commission if you decide to invest after clicking through the link – at no additional cost to you, of course -. Please understand that I have experienced all of these companies, and I recommend them because they are helpful and useful, not because of the commissions I make if you decide to invest through my links.

10 thoughts on “Swaper review – Stable returns for short-term loans”

    • Hi Jørgen !

      Currently all my funds are invested, but a few days ago there was still a little amount available. I’ll check back again during the month and update my review accordingly !

      Thanks to your comment I just discovered your blog, and will be checking Robocash – although to be frank I don’t have any additional fund to try them our right now 🙁 –

      Have a nice day !

      Jérôme

      Reply
  1. Hi Jérôme. Good to hear that your funds are invested. I actually like Swaper quite a lot. If you have any problems with cash drag feel free to contact me. I have not had a single day where my money has not been invested. You might need to change your auto-invest setup. I wrote a small guide in my Swaper review.

    Reply
    • Well, with the 2% additional interest rate, Swaper may actually become very interesting – provided one is ready to invest 5000€ in order to get the Loyalty bonus-.

      It actually pained me that there were not more loans available in their platform, so I would be pleased if the situation improved !

      Reply
  2. Hi, recently it is hard to find loans in Swaper. I speak for a portfolio of about 1k euro. Can someone share his/her experience?

    Reply
    • Hello Barbarosa, is the situation still the same? do you recommend opening an account with Swaper for diversification purposes? will it need much follow-up?

      Reply
      • Hi Claude,

        My current experience with Swaper is than the loans supply has increased and currently all my funds are invested. Once you’re done configuring auto-invest, there’s really nothing more to do, especially as Swaper’s offer basically never changes. I don’t even remember changing my settings once since I registered !

        Reply
  3. Hi,
    Are you currently experiencing cash drag again? I started to invest a couple of weeks ago on Swaper with a 1K€ portfolio to try out first and see if it makes sense to put 5 K€ there to get the extra 2% (+ get some returns in the Mintos drop in interest rate context) and my initial deposit needed between 1 and 2 days to be invested. However, after some early repayments the reinvestment took 3 full days for… less than 150 euros…and only after i increased the maximum amount per loan from 50 € to 150€ so i actually only managed to reinvest in 1 loan.. I read in some other blogs that increasing the number of AI strategies (but it makes no sense otherwise on Swaper since all loans have same interest rate, are short terms and belong to the same group of LOs) or increasing the maximum amount per loan could help on Swaper so i have done both even if i don’t like much the later..
    Nice blog btw 🙂

    Reply
    • Hi Julien,

      Thanks for the compliment ! I just checked my Swaper account and indeed have idle funds again, something that didn’t happen in the last months. Maybe it’s an effect of the current bonus campaign, as many investors sign-up in order to enjoy the additional 2% !

      The “multiple auto-invest” trick used to work well, but now I think that we can only setup one auto-invest portfolio.

      Reply
  4. Yes I thought about the potential effect of the bonus campaign, and actually saw that the offer is extended for one month more. I missed it even though it was already in place.. 🙁
    I watched recently an interview of the CEO done by an investor in their premises and she was saying they have growing supply in loans and that’s why they started to adverstise and launched this campaign. https://www.youtube.com/watch?v=2UJLoS29mCc

    You can still set up several AI portfolio (I did it) but i have no idea if that actually has an impact.

    Reply

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