European Empivedded Banking Startup Swan adds additional $ 44 million to its series b


France Startup Swallow Another € 42 million ($ 44 million at current exchange rate) increased. This company defines this environment as the second part of this series of In September 2024.

Swan helps other companies to pay the financial products by scale. The company can produce virtual and physical cards that work with Apple Pay and Google Pay. The cards are limited to Swan's Corporate Clients;

It can also create Iban and payment accounts. In this way, accounting is the salary of salary – Ins, Pay-Outs and Sepa Dead Debits. These accounts can be used as a money source for the payment card.

Growing companies have chosen Swan as their embedded banking Finish. For example, Pennylane, French Accounting Startup Became a unicorn Last year, they now offered their customers and payments and payments and relying on Swan for the features.

Similarly, Inn – ALL-in-one management assistant; Turned into swan To add accounts and cards its offerings. Other customers are Agicap, Factorial, Lucca and Sesame.

In general, Swan works with 150 companies and monthly bonuses in the monthly € 1.5 billion.

Current investors are leading the second traveler with Lakestar, Accel, Cresel, Creasum, Hexa and BPIFirje. BPITART INSTALL THE SWAN's Seed to the Digital Blue Fund.

We believe that the embedded finance allenement will direct banking services directly to banking services in the current software and busy. Nicolas and his team have been mindsetting Tier 1 customer base and international extension of the tier-growing Tier 1 customer base.

Although the company did not disclose its value, Swan told TechCrunch that it was higher than that. “We are not a unique, so we don't say it.

Swan built its own banking system, as Finter Startups are building products on top of other FinTech APs and products. Therefore, it is possible to offer regional ibans and add specific payment products of the country.

SWAN's customers are an interesting opportunity to handle money without handling the money without handling the money. Swan handles the obligation of the compliance and kyc account of the account of the KYC. SWAN will continue to expand to the countries, and Italy is in the roadmap.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *