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 !
Swaper’s pros & cons
- Auto-invest is very easy to configure, even for beginner investors
- Opportunity to invest for a very short duration
- For large portfolios, the 14% interest rates is excellent
- For longer durations, most competitors offer better returns
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 :
As mentioned above, the interest rate is bumped to 14% for portfolios larger than € 5,000.
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.
Loans on the platform are issued by Swaper’s parent company Wandoo Finance Group. As their annual reports aren’t publicly available, we can’t assert how solid it is financially.
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.
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 at Swaper
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.
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 :
Website’s ease of use
Account funding and funds withdrawal
The initial account funding has to be made via SEPA transfer. The next transfers can be made via TransferWise if needed.
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.
The website offers common reporting features such as investments list or account statement. Some of this data is downloadable as an Excel file.
The FAQ is rather complete, and seems to have been expanded recently.
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
At the end of July 2020, the XIRR for my Swaper portfolio was 12,22%.
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
Number of investors
Loans amount financed
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.
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.