💰 Swan’s Series B Just Got Bigger – And So Did Its Ambitions

French fintech powerhouse Swan just added another €42 million (around $44 million) to its Series B funding round. This isn’t just another cash injection – it’s a statement of intent. Swan is doubling down on its mission to revolutionize embedded banking, and the market is taking notice.

🔥 What Makes Swan Different? It’s All About Embedded Banking

Swan isn’t just another fintech startup. It’s a game-changer that helps companies seamlessly integrate financial products into their platforms. Think virtual and physical cards, payment accounts with individual IBANs, and even SEPA direct debits – all programmatically configurable by Swan’s clients. This isn’t just banking; it’s banking reimagined.

• Virtual & Physical Cards: Works with Apple Pay and Google Pay, with customizable spending limits and merchant restrictions.
• Payment Accounts: Individual IBANs for pay-ins, pay-outs, and SEPA direct debits.
• Compliance Handled: Swan takes care of KYC and regulatory obligations, so clients don’t have to.

🚀 Who’s Backing Swan? Big Names, Big Confidence

This funding round was led by Eight Road Ventures, with participation from heavyweights like Lakestar, Accel, Creandum, Hexa, and Bpifrance. These aren’t just investors – they’re believers in Swan’s vision.

“We believe the embedded finance opportunity is immense, and that banking services will increasingly be offered directly where users are, within existing software and workflows.”

Lucile Cornet, Partner at Eight Roads Ventures

💡 Why This Matters: Embedded Banking is the Future

Swan isn’t just building on top of existing fintech APIs – it’s built its own core banking system. This allows it to offer local IBANs and country-specific payment products, giving clients a competitive edge in a crowded market.

And the results speak for themselves:

• 150+ Companies: Including unicorns like Pennylane and fast-growing startups like Indy, Agicap, and Factorial.
• €1.5 Billion Monthly Transactions: That’s not just growth – that’s scale.

🌍 What’s Next? Global Expansion and Beyond

With this fresh funding, Swan is setting its sights on international expansion, with Italy next on the roadmap. And while the company isn’t disclosing its valuation, CEO Nicolas Benady made it clear: “We’re not a unicorn yet, but we’re on our way.”

For businesses looking to offer financial products without the headache of compliance and infrastructure, Swan isn’t just an option – it’s the future.