Frequently asked questions

Swapinga is a fintech and mobility company dedicated to helping taxi cab drivers and, coming soon, taxi moto drivers own their vehicles and grow their income. We partner with YEGO and multiple trusted banks to connect drivers with financing options. Swapinga does not provide financing itself—we facilitate the application process to make it easier for you to access opportunities through our partners.

Swapinga acts as a bridge between you and financing options from our partner banks. When you apply through our platform, we pass your application to the banks we work with. If approved, the bank will contact you directly to finalize the financing. Swapinga does not handle any money or financial transactions—our role is to simplify the connection process.

For our current pilot program, which includes 100 Toyota Corolla Levin PHEV vehicles, you must be an existing YEGO driver to apply. This is part of our partnership with YEGO. Stay tuned for updates on taxi moto financing opportunities coming soon!

No. Swapinga is not a financial institution and does not provide loans or financing. All financing is arranged and provided by our partner banks. We only help you apply and connect with these banks.

Swapinga does not collect any payments or deposits. If your financing is approved, the bank will require a deposit (typically 20% of the vehicle cost, ranging between 3.6M and 4MRWF depending on the vehicle). You will pay this directly to your own bank account or to the car sales company’s account, as instructed by your bank. No Swapinga employee will ever ask you to deposit money into any account.

When you apply through Swapinga, we guide you through submitting your information and documents to our partner banks. Once submitted, the bank takes over.

‍Within 7 business days, the bank will contact you for any additional questions or documents.

‍The full financing process may take 2 weeks to 1 month, depending on the bank’s timeline. Swapinga facilitates the initial steps, but the bank handles all approvals and agreements

The bank determines the exact documents required for financing. Typically, this includes your Driver’s License and, if you own your current taxi, your Carte Jaune (Yellow Card). Swapinga will help you understand what to submit, but the final requirements come from the bank.

No, owning your current taxi is not a requirement. However, if you do own it, you may be able to sell it after loan approval and use the proceeds toward your deposit, subject to the bank’s agreement.

Financing terms, such as interest rates and repayment schedules, are set by the bank, not Swapinga. The bank will provide these details directly to you upon approval. Swapinga has no control over or involvement in these terms.

The bank will notify you directly if your application is approved. Swapinga submits your application but does not make approval decisions—that’s entirely up to the bank.

You can still start your application through Swapinga, but incomplete documents may delay the process or impact your eligibility. The bank will let you know if anything else is needed.