French Banking-as-a-Service startup Swan raises €37 million Series B

Swan is a European fintech in embedded finance. Swan’s Banking-as-a-Service (BaaS) platform is a way for companies to embed banking features. Via its simple APIs, European companies can integrate banking services (accounts, cards and payments) quickly and easily into their own product.

The startup processes around 300 million euros of transactions per month, for 100+ companies across ten European countries. Here are details of Swan’s latest funding round :

🚀 Launch


🏭 Industry

Financial services (BaaS)


Nicolas Benady, Mathieu Breton, Guillaume Dretz, Milena A.

💸 Funding & Investors

  • Investment (September 2023) : €37 million (Series B)
  • Investors : by Lakestar, alongside reinvestment from existing investors.

🎯 Funding purpose

Expansion in The Netherlands and Italy.

🌐 Country HQ


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