Swell

Swell
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 46.6 M
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
€ 9.4 M
Buyback obligation A credit enhancement given by the lending company or other entity to the Issuer for a particular Set of Notes. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued, outstanding or late interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
With a buyback obligation
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
10%
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
9.1%
Website:
swell.mx
Founded:
2010
Employees:
38
Joined Mintos:
April 2021
Loan Types: The type of linked assets the lending company has issued.
Car loan Car loan
Countries: Countries in which the linked assets were issued by the lending or rental company.
Currencies: Currencies in which investment opportunities from the company are offered.
EUR
Annual percentage rate charged to borrowers:
16%-40%
Outstanding investments: Total volume of outstanding and available investments from this company on Mintos. Updated daily.
€ 802 452

Recent News

12.04.2021

Swell, a new lending company from Mexico, launches on Mintos
All News

About

Swell is a car and secured business loan lender in Mexico. The vision of the lending company is to provide financing to Small and Medium Enterprises (SMEs) and to promote job opportunities and the equitable distribution of wealth in Mexico. Swell’s approach and understanding of the various industries have allowed the company to configure financing options that are aligned with the economic objectives of their client.

Swell is based in Guadalajara, Mexico, with a team of 32 employees servicing more than 200 clients. Swell is also a member of the Association of Multiple Purpose Financial Companies in Mexico (ASOFOM). 

Presentation

Presentation

Last Updated: 30.06.2021

Financials

Financials

Last Updated: 25.07.2022

Loan Agreement

Loan Agreement

Last Updated: 12.07.2022