Swan, an embedded finance and Banking-as-a-Service provider, has raised a €37m Series B funding round.
In brief:
-Paris-based Swan was founded in 2019 by Nicolas Benady, Mathieu Breton and Nicolas Saison.
-Swan helps companies embed banking features such as accounts, cards and payments without having to hold the necessary licenses or technology. It currently has over 100 customers and 150 employees.
-This new funding round follows Swan’s €16m Series A round led by Accel in 2021 and €5m seed round in 2020.
What does this mean?
“Swan is on a mission to build the leading tech-driven bank in Europe. The simplicity and scalability of our BaaS technology is what drives our success,” Swan’s CEO Nico Benady said.
