My Swaper experience: Top returns and high transparency!

Achieving reliable returns of between 14 and 17 per cent? Sounds like an unrealistic dream for investors? Today I’m going to introduce you to the provider Swaper in more detail, some important data, more about risk and potential returns and my Swaper experience with my own portfolio!

77/100

Points

Return: 14-16% interest

Investors: over 21,000

Only with this link: 2% bonus interest

TO THE PROVIDER*

What actually is Swaper

Since 2016, Swaper has reliably offered its investors a return of between 14 and 17 per cent annually on consumer loans. If you’ve been around for a while, you may remember the provider that I took a closer look at a few years ago.

• With Swaper, you can invest in P2P or peer-to-peer loans
• This is crowdlending
• You lend your money and receive interest in return
• Here you can count on fixed interest rates by investing in unsecured personal loans

At the time, I criticised Swaper’s transparency, which they have worked on to this day. In the meantime, they have become much more transparent and can show their real profitability with audited annual reports, for example. It is therefore time to take another look at the provider and assess whether the project is worthwhile for investors.

Swaper is a P2P platform that is of interest to investors who do not want to commit themselves for too long but still want to earn high interest rates. The short terms are around 30 days for consumer loans from Spain and Poland.

Depending on how much you invest, you can earn between 14 and 16 per cent interest on passive income with P2P loans per year. You can get the 16 per cent if you take advantage of their loyalty programme.

The platform was launched at the end of 2016 and has been offering high interest rates since the start. If you had theoretically invested 1,000 euros at that time, you would have made a return of over 150 per cent with the 14 per cent annual interest over 7 years thanks to the compound interest effect and would have ended up with a sum of around 2,500 euros.

In the last 30 days (as of February 2024), the provider’s loan volume totalled 19 million euros. This shows how strongly Swaper has developed, from a few hundred thousand euros in financing volume to up to 19 million euros in one month.

The most important data at a glance

Auto-Invest

The Auto-Invest function is called ‘Custom Invest’. Once we are on the dashboard, we can click on ‘Edit’ and then see the setting options.

Here, for example, we can choose from how many per cent return we want to invest or how much we want to invest per loan. In my opinion, this is rather unimportant for providers such as Swaper, as it depends on the parent company Wandoo and its profitability whether the investment works in the end.

Whether you invest 100 euros in 10 loans or 1,000 euros in one loan is rather irrelevant, as all loans come from the same company. There are no other providers on the website, which is why it makes no difference from my point of view.

You can also set the term, which is very important. You can voluntarily set up to 6 months. In practice, as we have already seen, it is more likely to be one month.

• You can then select that everything should be invested and run until you deactivate Autoinvest
• Then you should select ‘Yes’ for the ‘BuyBack’ option
• Further criteria such as the loan types, the loan status and the lender are available to you
• At the end, you save your settings and your Autoinvest is up and running without you having to do anything

You can also invest manually if you wish. You will find the ‘Invest manually’ button at the bottom right. However, you will rarely find the option to do this here, as most people leave their auto-invest running. You can edit your auto-invest settings at any time or deactivate them if you wish.

Swaper risk: How secure is the platform?

The provider itself is not regulated. However, it is worth noting that the parent company Wandoo Finance is regulated, which should also be taken into account.

The parent company also plays an important role when it comes to risk. Since 2020, I have criticised the lack of transparency of the parent company. A lack of transparency is also linked to profitability and risk, as it is difficult to make an assessment.

Now, however, there appear to be positive changes here. Wandoo Finance has published its audited annual financial statements for 2022 and the unaudited figures up to November 2023. This is a decisive step towards transparency, which is why I personally invested another 1,000 euros.

In order to assess the security, let’s take a look at some financial figures. The Wandoo Group made a gross profit of 2.1 million euros in the first 11 months of 2023, as can be seen in the published reports. This means that they have almost doubled their gross profit compared to the previous year.

After deducting expenses, this resulted in a profit of 300,000 euros, compared to a loss of around 850,000 euros in the previous year, which represents a positive development. The parent company cites the loss due to the coronavirus pandemic as the reason for this.

• The net loan portfolio has also increased significantly from EUR 6.9 million in 2022 to EUR 10.7 million in 2023
• But where does this rapid increase come from? The reason is institutional investors, who have invested more and more money
• Major investors are also showing interest and believe in the platform’s further growth

Since its foundation in 2016, the company has raised equity totalling 11 million euros and debt capital of 7 million euros.

In principle, there are definitely risks involved in investing in Swaper. However, you also have the chance of a very high annual return of 14 to 16 per cent, which has definitely paid off in the past.

Attention! In addition to this high potential return, improved transparency is a decisive factor for me. The figures are promising and are now published regularly, which is a clear step forward and makes the provider attractive.

• There is no currency risk here, as you can trade in euros
• There is also the fundamental risk of unsecured loans
• These are loans that are not secured by a property or equipment, for example
• To this end, the platform offers secured and unsecured loans so that the investor has a choice

What also increases security is the repurchase option offered by the provider. If loans are not paid and the debtor is more than 60 days in arrears, Swaper can buy back the loan.

77/100

Points

Return: 14-16% interest

Investors: over 21,000

Only with this link: 2% bonus interest

TO THE PROVIDER*

My Swaper experience

We can log in on the homepage and then see the dashboard and the active auto-invest of my portfolio. I recently invested another 1,000 euros and now have a total investment of 1,718 euros.

I have already earned 343 euros in interest, but have already withdrawn 675 euros. You can also see that my return is currently 15.63 per cent per year.

Good to know: The terms vary between a minimum of 10 and a maximum of 30 days. These are therefore very short loan terms, which is an advantage for many investors as you don’t have to tie up your money for long.

It is also possible to click on the individual loans and sell them at any time without a discount if an investor wants to get out of the investment. If in doubt, it is therefore possible to quickly become liquid again. You can also take a closer look at the payment plan and the details of the loan by clicking on the relevant loan.

In the past, I have criticised Swaper for its lack of transparency. I now see positive changes, which is why I have invested an additional 1,000 euros and now have a total investment of over 2,000 euros. I will continue to keep an eye on the provider in the future and look out for changes.

However, the provider currently appears very transparent and can provide convincing reports that are published at regular intervals. The attractive potential returns and short terms are also positive, which is why you don’t have to tie your money to an investment for long.

• If you would also like to invest, you can easily register and be verified on the Swaper homepage
• Registration is completed when you have confirmed your identity
• An identity document is required for this
• You can upload a copy of your ID or passport for this purpose

You can then upload money to your account using a bank transfer. Incidentally, the minimum investment amount is 10 euros. This shows that you can also try out the platform with a smaller contribution. You can then open the auto-invest and build up your personal strategy.

Conclusion: Swaper experience: Attractive return opportunities for investors

Swaper was opaque for several years, but has changed significantly. It should be appreciated that up-to-date figures and reports are published regularly so that investors can take a closer look at the data and gain an overview.

I myself have now been able to gain a few years of experience with swaps and have invested a total of EUR 2,000 with an average return of over 15.63 per cent per year. The short terms, which are usually around 30 days, are popular with investors.

Investing is very easy with the auto-invest function: just take the time to make certain settings and adapt them to your strategy. For example, you can select the desired return, the maximum amount per loan or the term. Your investment is then fully automated!

So far, Swaper has always paid punctually and reliably and can convince with attractive potential returns of 14 to 16 per cent. The interest shown by institutional investors also speaks in favour of increasing trust in the provider, which is a positive sign for private investors.

77/100

Points

Return: 14-16% interest

Investors: over 21,000

Only with this link: 2% bonus interest

TO THE PROVIDER*