FRANCE – Swan, a Paris, France-based embedded finance company, raised €37m in Series B funding.
The round was led by Lakestar, with participation from existing backers. The company intends to use the funds for continued internationalisation, which will include launches in the Netherlands in the coming months and Italy in early 2024.Founded in 2019 and led by Nicolas Benady, Nicolas Saison and Mathieu Breton, Swan is a provider of a Banking-as-a-Service (BaaS) platform which enables companies to embed banking features. Via its APIs, companies can integrate banking services (accounts, cards and payments) into their own product. Swan now processes around €300m of transactions per month, for 100+ companies across ten European countries including Carrefour, Pennylane, Alma, and Agicap. The company has over 150 employees. Existing backers included Accel, Creandum, and Bpifrance. 14/09/2023
