What is Swan?
Swan operates as a specialized provider of embedded banking solutions, enabling businesses to integrate financial services directly into their own products. By offering a comprehensive suite of banking-as-a-service tools, the company empowers enterprises to launch accounts, cards, and payment features without the regulatory burden of building a bank from scratch. Positioned at the intersection of fintech and enterprise software, Swan serves as a critical enabler for the digital economy, facilitating seamless financial experiences for end-users while maintaining high standards of compliance and security. Its inclusion in the French Tech Next 120 list highlights its status as a high-growth champion within the European ecosystem.
How much funding has Swan raised?
Swan has raised a total of $104.2M across 2 funding rounds:
Series A
$18.7M
Series B
$85.5M
Series A (2021): $18.7M with participation from Bpifrance, Accel, and Creandum
Series B (2025): $85.5M led by Accel, Lakestar, Eight Roads Ventures, and Creandum
Key Investors in Swan
Accel
A global venture capital firm that partners with exceptional teams from the inception of their ideas through all phases of private company growth, focusing on supporting innovative entrepreneurs.
Lakestar
A venture capital firm dedicated to partnering with visionary tech entrepreneurs, with a focus on sectors such as Deep Tech, Healthcare, Fintech, and Digitalisation.
Eight Roads Ventures
A venture capital investment company specializing in real estate, venture, and growth businesses, providing strategic support to scaling enterprises.
What's next for Swan?
With the successful closure of this major enterprise-level funding, Swan is well-positioned to deepen its penetration into the broader European market. The strategic allocation of this capital will likely focus on enhancing its technological infrastructure, expanding its product suite to include more sophisticated financial instruments, and scaling its operational footprint to meet the rising demand for embedded finance. As the company matures, the focus will shift toward sustaining its competitive advantage through product innovation and strategic partnerships, ensuring that it remains the preferred partner for businesses seeking to embed banking capabilities into their core offerings. The backing from top-tier venture capital firms provides not only the necessary liquidity but also the strategic guidance required to navigate the complexities of the evolving fintech regulatory environment.
See full Swan company page
