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European embedded banking startup Swan adds another $44 million to its Series B
Feb 3, 2025
A French startup just secured an impressive €42 million in funding to elevate its embedded banking solutions. The discussion covers how this additional cash will enhance their financial product offerings. Swan is not just growing; it's planning to expand into international markets, particularly Italy. The startup's growth strategy and client partnerships are key highlights, showcasing its innovative approach to help other companies provide financial services at scale.
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Quick takeaways
- Swan has raised €42 million to enhance its embedded finance services, allowing businesses to efficiently offer customized financial products.
- With its proprietary banking infrastructure, Swan provides local IBANs and manages compliance, positioning it uniquely within the fintech landscape.
Deep dives
Swan's Financial Services Expansion
Swan, a French startup, has successfully raised 42 million euros in a funding round aimed at enhancing its embedded finance services. The company enables other businesses to offer financial products efficiently by providing virtual and physical payment cards compatible with Apple Pay and Google Pay. These cards can be customized programmatically by Swan's clients, allowing features such as spending limits and authorized merchants, along with payment accounts that support various transaction types. Swan currently partners with around 150 companies, processing an impressive 1.5 billion euros monthly, with clients including fast-growing businesses like Penny Lane and Indy.
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