P2P Platform

Swaper Review

Swaper Review: Is it good? Don't invest before you read this!

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Viru väljak 2, 10111 Tallinn Estonia

Review result

4.2 of 5


Basic Information Basic Information

Founding Date:
May 2019
Funded Loans:
Investor Protection:

Interest & Red Flags Interest & Red Flags

Minimum Interest Rate:
Maximum Interest Rate:
Average Interest:
Red Flags:

Loans Loans

Minimum Investment:
Minimum Investment Term (Months):
Maximum Investment Term (Months):
Loan Originators:
Payday Loans:
not available
Personal Loans (Consumer Loans):
Business Loans:
Real Estate Loans:
Other Loans:
Worst Rating:
Best Rating:

Features Features

Manual Investing:
not available
Automatic Investing:
not available
Buyback Guarantee:
not available
Secondary Market:
not available
Tax Report:
not available
not available

Fees Fees

Investing Fee:
Deposit Fee:
Withdraw Fee:
Accounting Management Fee:
Secondary Market Selling Fee:
on Swaper loans can be only sold on the secondary market.
Secondary Market Buying Fee:

What is Swaper?

Infographic: how does Swaper work

Swaper is a P2P platform from Tallinn, Estonia, founded in 2016.

On Swaper, only P2P loans are offered by loan brokers (loan originators) that belong to Wandoo Finance Group.

By definition, this makes Swaper a P2P marketplace.

However, since only the loan brokers from one company offer loans, in our opinion Swaper is a simple P2P platform.

Since its inception, the platform has funded more than €365 million worth of loans, making it one of the mid-sized P2P platforms in Europe.

How does Swaper make money?

Swaper makes money through the commissions charged to loan brokers by Wandoo Finance Group.

This is the only way of income at the moment, as the use of the platform is free for investors.

Who owns Swaper?

Although the platform is so closely associated with Wandoo Finance Group, it does not hold any shares in Swaper.

As far as we found out, Swaper is 100% owned by Chief Operating Officer (COO) Marina Tyulinova.

Swaper is not supervised by any official financial market regulator, which usually dispels any doubts about its seriousness.

Nevertheless, we would rate Swaper as a reputable platform.

There are two reasons in particular for this.

First, the platform has successfully financed loans worth more than €365 million, which would not be possible at all without a serious and legal business model.

And second, it mainly brokers the loans from Wandoo Finance Group, which is an established FinTech company.

How does Swaper work?

If you want to invest on Swaper, you first need to register as an investor and deposit money into your account.

You can make a money deposit via a usual bank transfer and, by the way, with the first deposit you also confirm the account to which you can withdraw money in the future.

For investing in loans, the platform requires a minimum investment of 10 € and you can choose to invest manually or automatically via Auto Invest.

On Swaper you can only invest on the primary market (initial issuance of loans), as unfortunately there is no secondary market (loans from other investors) offered.

How can I invest on Swaper?

On Swaper you have the possibility to choose each loan you want to invest in individually.

This can be especially useful if you are just starting to invest and do not want to wait for Auto Invest to invest for you.

The platform offers you the Auto Invest feature to automatically invest in loans.

The following settings are possible:

  • Interest rate,

  • Investment per loan,

  • term,

  • term of the auto invest,

  • Loan status (Current, Extended and Delayed),

  • credit intermediary,

  • types of credit (short term, mortgage, leasing) and

  • Buyback (Yes or No).

Auto Invest makes a good and tidy impression.

All the important settings we would like to see in an automatic investment function are present.

What are the warning signals to be aware of with Swaper?

At the current time, we have not noticed any warning signals with the platform.


Review result Review result

with all advantages & disadvantages

Safety (40.00%)


Gewichtigung: Age: 40.00%, Funded Loans: 40.00%, Regulation: 20.00%.

Age: 4 Years
4.00 / 5

The platform is older than 3 years, which is why only a low risk of failure of the platform can be assumed.

Funded Loans: €418,093,772.00
4.00 / 5
Regulation under-average
0.00 / 5

The platform is not officially regulated. This means the platform is not subject to ongoing monitoring by an independent third party.

Interest and Risk (40.00%)


Gewichtigung: Average Interest: 50.00%, Red Flags: 50.00%.

Average Interest: 14.00%
4.44 / 5

over-average over-average The average interest rate is comparatively much higher than other platforms.

Red Flags: 0
5.00 / 5

over-average over-average The platform has no red flags that investors should pay attention to.

Features (20.00%)


Gewichtigung: Automatic Investing: 20.00%, Buyback Guarantee: 20.00%, Secondary Market: 20.00%, Tax Report: 20.00%, App: 20.00%.

Automatic Investing under-average
5.00 / 5
Buyback Guarantee under-average
5.00 / 5
Secondary Market under-average
5.00 / 5
Tax Report under-average
5.00 / 5
App under-average
5.00 / 5

Gesamtpunktzahl: 4.2 of 5

Hinweis: Although we take every care to ensure the accuracy of the information and the representative example, no warranty can be given with regard to the correctness, accuracy, timeliness, reliability and completeness of the content. All information is based on the available information from the provider.

Last updated on 22 July 2023