Total amount raised
€100 Million
Latest funding date
1/1/2025
Location
Swan has participated in five funding rounds, attracting investment from notable venture capital firms such as Accel, Creandum, and Eight Roads Ventures. The platform offers embedded banking solutions, enabling businesses to integrate accounts, cards, and payments directly into their products.
Keep reading to explore the intricacies of Swan's fundraising journey and the investors backing this innovative platform.
What Is Swan?
Swan is a FinTech company headquartered in Paris, France, specializing in embedded banking solutions. Founded in 2020, the company enables businesses to integrate banking features such as accounts, cards, and payments into their products.
With a team of 251-500 employees, Swan is led by President Nicolas Benady. The company is known for its deep technical and regulatory expertise, helping businesses become central financial hubs for their users.
How Much Funding Has Swan Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their embedded banking platform.
- Seed Round
- Amount Raised: EUR 5,000,000
- Date: September 2020
- Lead Investors: Creandum
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: EUR 16,000,000
- Date: September 2021
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series B
- Amount Raised: EUR 37,000,000
- Date: September 2023
- Lead Investors: Lakestar
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and enhance solutions for SMBs.
- Series B (Additional)
- Amount Raised: EUR 42,000,000
- Date: January 2025
- Lead Investors: Eight Roads Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To make embedded banking the standard across Europe.
Total Amount Raised: EUR 100,000,000
Current Valuation: Not publicly disclosed
Key Investors
- Eight Roads Ventures
- Details: Eight Roads Ventures is a global venture capital firm. They have a strong presence in various markets, including Europe, Asia, and the United States.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: Alibaba, Appsflyer, Neo4j
- Lakestar
- Details: Lakestar is a venture capital firm that invests in technology companies. They are known for backing some of the most successful tech startups globally.
- Investment Focus Areas: Internet, technology companies
- Notable Investments: Spotify, Skype, Facebook
- Accel
- Details: Accel is a venture capital firm that partners with exceptional founders with unique insights. They have a long history of successful investments in the tech industry.
- Investment Focus Areas: Early and growth-stage companies in technology sectors
- Notable Investments: Facebook, Slack, Dropbox
- Creandum
- Details: Creandum is a leading European venture capital firm. They focus on early-stage investments in innovative technology companies.
- Investment Focus Areas: Technology companies at the early stages
- Notable Investments: Spotify, Klarna, iZettle
What's Next for Swan?
Swan's future looks promising as it plans to expand into new markets like Belgium and the UK, offering tailored solutions for small and medium-sized businesses. The company aims to simplify banking integration, making it a standard across Europe. With a 250% growth in monthly revenue and a 370% increase in issued cards, the opportunities are vast.
Given the significant growth, future fundraising rounds seem likely to support further expansion and product development. However, navigating complex banking regulations and maintaining efficiency while scaling operations will be challenging. Ensuring compliance and fraud prevention will be crucial as they grow.
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