P2P Lending in Sweden

April 26th, 2020
4 minutes read

The Swedish Market for Crowdlending

According to data from the latest report by Cambridge Centre for Alternative Finance on alternative finance and crowdfunding in Europe, Sweden had a total funding volume of €266.1 million in 2018. In 2017, Sweden had a total funding volume of €196,1 million, which placed the country as the seventh-largest country in the region after the UK, France, Germany, the Netherlands and Italy. However, if we exclude the UK, Sweden was represented in the top 3 in both real estate crowdfunding, equity-based crowdfunding, and P2P property lending. Out of the total Swedish alternative finance funding volume in 2017, € 77.1 million or 39.3% came from peer-to-peer lending (in Sweden also often known as crowdlending).

Best Peer-to-Peer Lending Platforms in Sweden

Here, you will find a list of the best peer-to-peer lending platforms in Sweden. When choosing the best peer-to-peer lending sites in a country we consider a variety of factors that you can find in the Methodology below.

Logo of Savelend
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More P2P Lending Platforms in Sweden

Below, you will find a list of the remaining peer-to-peer lending platforms located in Sweden. If a new platform has been launched since this article was published and you do not see it here, please feel free to submit the platform by using the submit formula.

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Crowdfunding and Alternative Finance in Sweden

A valuable source of data to visit for a view on the historical development of alternative finance and crowdfunding in Sweden is the Cambridge Centre for Alternative Finance, who published their first report on the European market for alternative finance in 2015. In 2020, the institute published its first global report on alternative finance, which included a total of 1,227 unique firms with 2,322 firm-level observations. Here, eight firms were registered as domestic firms and 15 were registered as foreign-based platforms operating in Sweden. The report primarily covers the four main types of crowdfunding: lending-based crowdfunding, equity-based crowdfunding, reward-based crowdfunding and donation-based crowdfunding. Because the report uses survey data the latest data available is from 2018.

The total Swedish market for alternative finance in 2018 was €266.1 million up from €196.1 million in 2017, which corresponds to a growth rate of 35.7%. In 2017, the market in Sweden grew by an impressive 127.8%, %. In 2017, the market in Sweden grew by an impressive 127.8%, so despite the double-digit growth in 2018, it represents a slight slowdown compared to earlier years. In the figure below, you can see the market development in Swedish crowdfunding and alternative finance from 2015-2018.

Graph of the development in Alternative Finance in Sweden from 2015 to 2018

Statistics About Crowdlending in Sweden

In the period 2015-2018, a study published by Christoph Bertsch and Carl-Johan Rosenvinge from the Swedish Central Bank (Sveriges Riksbank) shows a total origination volume from P2P lending in Sweden of SEK 4.4 billion. The numbers include data from the 8 largest peer-to-peer platforms in Sweden. The development is shown in the figure below, which uses data from the Swedish Central Bank.  

Graph of the development in P2P Lending in Sweden from 2015 to 2018

The platforms included in the study were: Lendify, Brocc, Savelend, Trine, Toborrow, Kameo, Tessin, and the now-bankrupt TrustBuddy. TrustBuddy filed for bankruptcy in October 2015, which is likely to explain the sharp drop we see in the second half of 2015.

Taxation on Peer-to-Peer Loans in Sweden

In Sweden, the interest earned from peer-to-peer loans is taxed as regular capital income (30%) just as e.g. interest earned on a saving account. The platform will often help you report your return and automatically withdraw 30%. If you have had any interest expenses in the income year, it is possible to get a tax deduction on the interest earned through crowdlending. It is also possible to offset a loss against your profits.

You can find a brief guide on how to make your tax declaration here. If you are interested in learning more about how P2P lending and crowdfunding is taxed in Sweden, you might also find these directions from the Swedish Tax Agency worth a read.

Regulation on Crowdlending in Sweden

Since there is still a lack of common rules for crowdfunding in the European Union, regulation of peer-to-peer in Sweden is based on national legislation though this might change in the foreseeable future as the European Commission in March 2018 presented a proposal for a regulative framework on crowd and P2P finance as part of their Fintech Action Plan. As for now, most peer-to-peer lending platforms in Sweden are registered as payment institutions (betalningsinstitut), as this covers a broader range of activities, but some are also registered as financial institutions (finansiellt institut).



At P2PMarketData we are dedicated to providing an unbiased overview of the Peer-to-Peer Lending market and platforms. Among other, in our mission to bring more transparency to the market for online lending we track over 70 platforms funding volumes.

When choosing the best platforms in a country we have considered a variety of factors such as:

  • Number of investors
  • Minimum investment requirement
  • Historical annual returns
  • Diversification opportunities
  • Reinvestment opportunities
  • Educational and informational offerings
  • Platform fees
  • Total capital invested
  • Features (such as secondary market and automatic investing)
  • General transparency (the difficulty of finding who the owners are, how they make money on the platform (fees), terms & conditions and more)
  • Management team

We also look into the company’s online reputation (for example customer reviews, news, complaints, average monthly searches and social media).