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Swaper’s P2P Marketplace Guarantees Returns

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Latvia-based Swaper seeks to make P2P investing as simple as possible. The company offers European investors access to unsecured consumer debt in Poland and Georgia, and has plans to expand its reach across the globe. What’s unique about Swaper is that every loan comes with a buyback guarantee. That means that even if a borrower fails to pay back a loan on time, the investor still receives their principal plus interest on the loan.

Founded in 2016, the company’s CEO, Iveta Brūvele, and COO, Elīna Rasmane, debuted the Swaper mobile app at FinovateEurope 2017. The Portfolio Invest feature of the app lets users invest in a single click. And because they can access their investments from their smartphone, users can control their portfolio anywhere and anytime.

Company facts

  • Originated 6,430 loans worth €1.3 million and saw investments from 161 active investors in November of 2016
  • Offers buyback guarantee
  • Boasts interest rates of 12% to 14%

(above) Iveta Brūvele (CEO) and Elīna Rasmane (COO) debut Swaper on the FinovateEurope stage in London

We interviewed Swaper CEO Iveta Brūvele (pictured) after FinovateEurope for a quick look at Swaper and its future plans.


Finovate: What problem does Swaper solve?

Brūvele: The main difference from other investment opportunities is the high income that we offer our investors. The second is the BuyBack guarantee that is available for all loans on our platform. These two Swaper values are constant, and our aim is to keep them constant so investors can be sure that rules are not going to change, and they will receive the interest rate and the BuyBack guarantee that was promised.

The Swaper mobile app solves availability and easy usability problems too– we are the first of our closest P2P marketplace competitors who have launched a mobile app, and 80% of our customers use it.

Finovate: Who are your primary customers?

Brūvele: Investing on Swaper now is available to private individuals and companies from the European economic area. Our largest markets for now are Germany, Latvia, Spain, Austria, and Great Britain. And we also have plans to widen our customer base to other countries outside the EEA.

Finovate: How does Swaper solve the problem better?

Brūvele: Swaper was launched with the idea to build better financial products and to offer many different financial products. For now our company offers loans and investing options, but we are not going to stop at this. In the near future we are going to present new products. One of our most important advantages is our extensive experience in the financial services area– everyone on our team has gathered huge experience working in a financial sector.

Finovate: Tell us about your favorite implementation of your solution.

Brūvele: I would say that it is our mobile app. Actually, the application itself is a step forward– according to the number of users we see, it was exactly what investors needed.
And the coolest feature in the app is definitely the slider that allows users to invest in a single click. Because all the loans offered for investments have the same interest rate and BuyBack guarantee, it doesn’t matter which loans the user invests in. That’s where the idea of the slider was born– after investors choose the amount and term, in just one click it’s done!

Finovate: What in your background gave you the confidence to tackle this challenge?

Brūvele: It is our team. Our team is very experienced in the fintech field, so we had no doubt we could build awesome financial products. Many of us have worked in different banks across the Europe as well as in the financial services area. The idea of knowing that we can do better is what unites us. And we really want to do better. Our main goal is to make financial services more understandable, available and suitable for the rhythm and technologies of modern life.

Finovate: What are some upcoming initiatives from Swaper that we can look forward to over the next few months?

Brūvele: We are going to launch two to three new loan products that will be offered as investments on Swaper. After a few months we will also offer our customers new financial products besides lending and investing options. Furthermore we are already working on new features for the Swaper mobile app.

Finovate: Where do you see Swaper a year or two from now?

Brūvele: Of course we have huge ambitions. And we are going to accomplish them, because our advantage is our experience in the financial area and we launch products and services much faster than our competitors do. We want to keep that rapidity and flexibility. We are going to be an international company that offers a wide range of available and contemporary financial services all around the world.

Iveta Brūvele (CEO) and Elīna Rasmane (COO) debut Swaper on the FinovateEurope stage in London