Swaper

Swaper operates a resale marketplace lending platform, which means it aggregates pre-funded loans from partner organisations (loan originators) and re-sells them to investors. Swaper is managed by Swaper Platform OÜ, based in Estonia. It's not regulated by any supervisory authority.

Swaper allows you to provide funding to individuals by investing in short-term personal loans. Swaper only serves lenders, so you can’t apply for a loan directly on the platform.

At Swaper, you can invest in projects denominated in EUR starting from €10. You can also set up an auto-invest feature and buy and sell loans on a secondary market.

Swaper separates investors’ funds from the platform company assets but doesn’t have a wind-down plan in place to ensure minimal damage in case the platform goes out of business. It discloses statistics about its funded loans on a dedicated public page and shares its monthly funding volumes with P2PMarketData.

Swaper was launched in 2019 by Wandoo Finance. Wandoo Finance is a fintech company providing a scope of financial services, including consumer loans and IT ecosystems for the financial industry which has operated since 2016.