French startup Swan has successfully raised €42 million as part of its Series B funding round. Known for helping businesses embed financial products like virtual and physical cards with customizable features, Swan partners with notable clients, including unicorn startup Pennylane. The company processes €1.5 billion in monthly transactions, indicating robust growth within its operational scope. Notable investors such as Eight Road Ventures and Bpifrance continue to support Swan, which aims to consolidate banking services within conventional software systems.
"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."
"Eight Road Ventures is leading the second tranche with existing investors Lakestar, Accel, Creandum, Hexa, and Bpifrance participating again."
Collection
[
|
...
]