FinovateEurope 2017 / Swaper
Presenter Profile:
How they describe themselves: Swaper is a marketplace where we offer customers from European economic area to invest in consumer loans, which are issued in Georgia and Poland. Swaper offers fixed interest rate for all investments- 12%, additionally for our loyal customers 14%. Company takes all the risk on itself, offering investors BuyBack guarantee for all loans, what means that in case if loan has not been repaid by borrower on term, investor still receives all invested amount and interest. In future we are planning to add more countries and more products (for example, long term loans) to be available for investments on Swaper.
How they describe their product/innovation: Swaper P2P Marketplace is developed together with investors by collecting their suggestions and feedback, what lead us to develop more sophisticated ways to make investments. It’s become easier and faster to deal with the investment world. We have made investments more accessible by moving investing to mobile devices with our new Mobile app. It gives investors ability to have online control over investments anywhere and anytime. Our “Portfolio Invest” feature gives possibility to invest just by one click. Thanks to the research of investors needs, we’ve launched the product that’s more contemporary and suitable for nowadays investor’s lifestyle.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B)
Contact
Bus. Dev.: Iveta Brūvele, CEO, iveta@swaper.com, +371 20229222
Press & Sales: Zane Sizova, Project Manager, zane@swaper.com, +371 26119522
Website: swaper.com
HQ: Riga, Latvia
Founded: July 2016
Product Demoed: Swaper
Product Launch: October 2016
Metrics: Swaper was launched on 5th of October. First customers and marketing activities were started in the beginning of November, what means that first full month of operations was November. Results of November are following: Total amount of Loans originated in November 1 285 975 EUR (number of loans originated in November: 6429), from which 751 667 EUR were offered for investments on Swaper. Total amount of investments on Swaper in November is 302 850 EUR from 161 active investors. First month’s results show our potential to be one of the leading P2P marketplaces in the nearest future.
Presenters: Iveta Brūvele (CEO), Elīna Rasmane (COO)
- Key Executives
Iveta Brūvele (CEO)
Key Stats
- Key Investors
Swaper is owned by Wandoo Finance Group (privately held company- www.wandoofinance.com)
- Key Customers
Swaper is trusted already by more than 160 investors from Germany, UK, Scandinavia, Baltics, Benelux and other European countries.