Swaper Review
Return Rate 4
Overall Safety 3
Asset Security 2
Time in Business 4
Lazy Investor Rating 5

12%+ Annual Returns Available Investing In Short Term Euro Currency Loans

Summary 3.6 good

Swaper Review

Last Updated on 26th August 2020 by Mark

12% Annual Returns Available Investing In Short Term European Loans. – Swaper P2P Review. Is Swaper Safe? Find Out!

My Lending Experiences & Actual Investment Returns Published Monthly Below.


What is Swaper?

Swaper is a European short term Peer to Peer Lender, providing loans to consumers around Europe. 

With loan terms from a few days up to 12 months (however most are between 14 – 30 days), and offering easy, hands-off returns of around 12%. They are an excellent option for diversification when investing in short term Euro currency loans.

Swaper P2P also offer a “buyback guarantee” on most of their loans, which means it will buyback loans and repay principal and interest if payments are delayed more than 30 days.

Swaper is owned by the Wandoo Finance Group who is a professional IT systems developer. Wandoo also originates loans and uses the Swaper platform to publish pre-funded consumer loans for Peer to Peer investment. Wandoo Finance Group employs more than 100 people and has developed and launched over 30 financial services and IT ecosystems in Europe and North America.


My Experience with Swaper so far

I have only been investing with Swaper P2P for a short time, however I have been watching them for over a year so I feel like I know them quite well. Swaper is another great option for short term Euro capital storage. Personally I invest in loans up to 12 months in length, but typically most are still under 30 days.

All loans on Swaper currently come with a 12% yield. My current XIRR is a little over 9% but it is still climbing. I expect it to be up around 12% in the next few weeks. XIRR on short term loans can vary up and down depending on defaults and how long buybacks take to kick in.

Since I first invested with Swaper, I have not needed to touch anything as far as settings are concerned. Their auto-invest system works well and funds seem to stay invested making for low cash drag.

Latest Update 

So far capital has been easy to withdraw from the Swaper platform as it is repaid, and most of it arrives in my bank account the next day. I’m not concerned about Swaper as a company, but short term, unsecured payday & personal loans will be the first to default if this lockdown is sustained and people can’t work. So I’m not sure how much pressure mass defaults would put on Swaper.

My Swaper Strategy

As most of the loans on Swaper are short term, unsecured loans; I’ve decided to switch off reinvestment for now and withdraw capital as it is paid back in order to reduce exposure.  Once I get to about 50% of my original investment, I’ll reassess. 




Visit The Swaper Website





The Obvious Investor – Easy-Info Table© – Swaper Review

Overall Rating*:3.6 out of 5 stars (3.6 / 5)
Who can invest:  
Loan Currencies:Fifty Euros - 50 Image
Estimated Return:Up to 13%
My Actual Return
(Per Lender):
My Calculated XIRR:10.71%
Risk Rating*:5/10 - Medium    5 out of 10 stars
Early Exit:Yes
Loans can be sold on secondary market.
Min. Investment:€10
Deposit Funds:Bank account (SEPA Transfer).
Typically 1 -2 days.
Manual Invest:No
Lending To:Borrowers (through originator)
Loan Types:Payday/Consumer Loans.
Loan Security:No.
Provision Fund:No provision fund.
See review for "Buy Back Guarantee"
Loans Amortize:No. Short Term (30 day) Loans.
Time to Invest:Fast: large loan book.
Time to Mange:None (auto-invest).
Lender Fees:No.
Payments Received:Monthly, weekly. Various times.
Amount Lent:€80 million+
Number of Investors:2,500+
Loan/Dflt Stats:Not Published.
Location:    Riga, Latvia
Email:[email protected]
Telephone:+372 6000393
Cashback**:See Current Offers >>
How to Sign Up**:Sign Up Here!

Last Updated on 26th August 2020 by Mark





Swaper is part of the Wandoo Finance Group. The Peer to Peer platform was launched in October 2016 in Riga, Latvia.

In the 3 or so years the Swaper P2P platform has been up and running, it has lent out over 80€ million Euros from 2,500 investors to consumers in 5 countries. Swaper currently provides consumer loans to consumers in Poland, Georgia, Denmark, Spain & Russia



Swaper is not regulated as the UK Peer to Peer lenders are by the FCA, however they are actively scrutinized by the Latvian government and also they will need to adhere to European financial laws.

With many of the European lenders, investors look more at the history and strength of the lender to assess the safety of the investments. Instead of relying on a regulator.


Signup Process – Swaper Review

Opening an account with Swaper is relatively easy. Just the usual ID & anti money-laundering checks.

They typically need a copy of your passport or ID card and a utility bill or bank statement to show your current address will also be required.

Residents of any EU country can signup with Swaper. You’ll also need a Euro currency bank account with IBAN number.

If you don’t currently have a Euro bank account, take a look at this post I did on Currency Exchange and Moving Money which might give you a few ideas.

Swaper Signup Screenshot - Swaper Review

 Swaper Signup Screenshot 3 Swaper Signup Screenshot 2


Swaper Signup Screenshot 4.1


Deposits & Withdrawals

Deposits and withdrawals are made by bank transfer (SEPA transfer so IBAN number required). 

You will be provided with the relevant bank details when you go to the deposits screen.

Deposits usually show up in your account the next working day depending on what time you send it, worse case 2 days. 

Withdrawals are only to a verified bank account, and typically take 1 – 2 business days.


Swaper Deposit Funds Screenshot - Swaper Review



Time to Become Invested – Swaper Review

Swaper P2P has a large loan book provided from its parent company and loan originator Wandoo Finance Group. Once you’ve set up your auto-invest strategy (the only option with Swaper, no manual invest) it usually takes just a few hours for your capital to get distributed in to loans. I have seen reinvestment take a couple of days but typically it does not take that long.


Who are we lending to?

Swaper is a true Peer to Peer Lending Platform. Lenders are lending directly to borrowers. Loan agreements are directly between the lender and the borrower. Swaper just acts as a middle man, managing loans, payments and debt collection etc.

Similar to Mintos, Robocash & Grupeer – Swaper itself doesn’t originate the loans.  The Swaper platform is just used to present the loans for individual lenders to invest in. 


Loan Types

Swaper provides mostly short term (14 – 30 days) consumer loans. These types of loans can be for anything from a personal payday loan, to auto-finance and everything in-between. Most are payday loans it appears from my lending thus far.


Loan Security – Swaper Review

Typically there is no loan security with short term consumer loans, so we’re reliant on the Swaper buyback guarantee to make sure we receive our capital and interest back in the event of defaults.


Default Rates – Swaper Review

Swaper don’t publish their default rates. However speaking with them, it appears that the average is between 12% to 14% which is really high. However this is normal for the payday loan industry and is easily covered by the spread between rates charged to consumers, and the rates paid to investors.

If you look at your investments at any point in time, you’ll see a fairly large percentage of loans are overdue. This is typical with short term loans though so I don’t worry about it as it is all taken care of with the Swaper buyback guarantees. 

Swaper My Investments Screenshot - Swaper Review




As most of the loans on Swaper P2P are less than 30 days in duration, they do not amortize as they are basically paid back in full at the end of the term. 

Amortization is the paying off of debt with a fixed repayment schedule in regular installments over time. It reduces the risk of the loan compared to a non-amortizing loan in which nothing is received until the end of the loan period, or only interest is received monthly, and then the capital repaid at the end of the loan period.


Selling Loans and Withdrawing Capital

You can sell loans on Swaper by clicking on the arrow from the loans listing page. This will present a popup asking how much of the loan you would like to sell.

Swaper Sell Loan Popup Screen

Remember though that most of the loans are less than 30 days long, so unless you’re in a huge rush, just turn off the auto-invest feature and wait for the loans to be repaid.


Diversification – Swaper Review

Diversifying capital into loans is easy. The auto-invest diversifies your capital automatically based on the settings you give them, so you decide the amount you put into each loan.


Provision Fund

There is technically no provision fund with Swaper.  However the previously mentioned “Swaper buyback guarantee” really helps to put more confidence in Swaper loans.


Tax Free Innovative Finance ISA (IFISA)

No tax free account options with Swaper.


Website – Swaper Review

The Swaper P2P Website is simple but effective. It’s fairly easy to figure out where everything is and how to set up auto-invest portfolios. 

Swaper Main Account Screen - Swaper Review


Return Rates

Swaper return rates are very reasonable for a Euro lender. Their website says all loans are 12% but I often see a bit more. You’ll notice on the screenshot above, the the rate indicated is 12.68% with an XIRR of 9.26% which is low because the account is new and will increase as more payments come in. It should get to 12%+ within a couple of months. This is right up there with Grupeer, Robocash and Mintos, and the loans are only for 30 days, which gives easier access to capital if needed. 


My Personal Swaper Investment Strategy

My Investment strategy with Swaper is simple. I just choose all countries & loans which offer a buyback guarantee (which is all of them currently), and set the interest rates between 12% and 22%. Basically I just accept the default settings, except I set the loan period to 12 months (even though most loans are less than 30 days). I also don’t buy delayed loans as that would be silly in my opinion. Some people don’t buy extended loans either, I think however that as long as the borrower is paying, I am earning interest. The fact that a borrower needed a little more time to pay is not a huge issue.

I make the portfolio size larger than the amount I have invested to make sure interest is reinvested as it comes in.


Swaper Auto-Invest Screenshot 1


Swaper Review – Summary

Swaper is certainly a viable platform for lending out Euros for short term access. Their return rates are very good for auto-invest loans with little to no time required to manage, and short term capital access. 

The Swaper buyback guarantee and the size of the Wandoo Finance Group in my opinion it makes Swaper one of the safer Euro lenders out there.

I intend to increase my investment in Swaper as I get to know them better. I have no hesitation investing in Swaper as part of my diversified Euro portfolio, and I can definitely recommend them as part of an overall investment strategy. 



Thumbs Up Points for Swaper P2P

Thumbs Up

  • Part of Larger Group – being part of the larger and profitable Wadoo Finance Group gives Swaper P2P extra stability. 

  • Unique Diversification  – focusing on consumers in many different countries in Euro currency. Makes for good diversification out of business loans.

  • Good Returns – 12% for loans in Euros with (mostly) 30 days access is a decent rate.

  • Auto-Invest – auto-invest options are nicely configurable enabling hands-off investment.

  • Buyback Guarantee –  the “Swaper buyback guarantee” will buy back the loans if they are delayed more than 30 days, therefor making investments safer. 



Thumbs Down Points for Swaper

Thumbs Down

  • No Regulation – may make Swaper a riskier proposition, however having a good history, and being part of the larger Wandoo Finance Group helps to lower the risk.

  • Currency Risk – investing in a currency other than your home currency can have it’s own inherent risks if it falls. If your home currency is Euros then this is not an issue.

  • No retirement account – for interest free investing.


Visit The Swaper Website



Risk Factor – 5/10 – Medium

5 out of 10 stars

Low to Med Risk Traffic Light


Is Swaper Safe? I consider Swaper P2P to be in the medium risk category.

Even taking in to consideration Swaper is part of the larger Wandoo Finance Group, which is profitable, it is still an unregulated business in a foreign (to many people) county.


Who Can Invest with Swaper?


Residents of EU countries can invest with Swaper. Contact Swaper for more information


Swaper Cashback Offers, Promo Codes & Signup Links**

No offers currently.

Click here to check for new Swaper cashback offers >>

Go to Swaper’s website & open an account >>



Similar Lenders to Swaper

Mintos, Grupeer, Robocash

Last Updated on 26th August 2020 by Mark



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* My opinions, reviews, star ratings and risk ratings are based on my personal investing experience with the company being reviewed. These ratings are personal opinions and are subjective. You should do your own research before investing any capital and not base investments solely on the opinions published on this site. 

**  Some of the links on this website are affiliate referral links. When you click on these links, I can sometimes receive a commission, at absolutely no cost to you. This helps me to continue to offer new reviews and monthly portfolio updates here on my website. I don’t receive commissions from all lenders and it has no effect on my ongoing opinions on lenders. Income on my investments and capital preservation are my main motivations.

Platforms reviewed on this website I am currently investing with, or I have invested with in the past. You can see with full transparency on my Lending Portfolio Returns page which lenders I am invested with (or have previously been invested with) at any point in time. I am not paid a fee by any of the companies to write reviews, so the reviews are unbiased and purely based on my own personal experiences.

Please read my full website Disclaimer before making investment decisions.

Last Updated on 26th August 2020 by Mark


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