What is Swap?
Founded in 2021 and headquartered in Sao Paulo, Brazil, Swap operates as a specialized BaaS startup. The company provides the essential technological plumbing that allows non-financial enterprises to integrate banking services directly into their own platforms. By abstracting the complexities of regulatory compliance and core banking connectivity, Swap enables its clients to launch bespoke financial products, effectively positioning itself as a critical middleware provider in the rapidly evolving Latin American digital economy.
How much funding has Swap raised?
Swap has raised a total of $28.3M across 2 funding rounds:
Angel/Seed
$3.3M
Series A
$25M
Angel/Seed (2020): $3.3M with participation from ONEVC
Series A (2021): $25M led by Tiger Global Management
Key Investors in Swap
Tiger Global Management
Tiger Global Management is a prominent investment firm deploying capital across both public and private markets with a strong focus on high-growth technology companies.
ONEVC
ONEVC is a venture capital firm specializing in early-stage investments, primarily targeting technology-driven startups in the Latin American market.
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for Swap?
With this major enterprise-level funding, Swap is well-positioned to scale its operational capacity and deepen its product suite. The strategic roadmap likely involves expanding its engineering talent pool and enhancing its API-first architecture to support higher transaction volumes. As the company moves beyond its initial growth phase, the focus will shift toward securing larger enterprise partnerships and potentially exploring cross-border financial capabilities, ensuring it remains a competitive force in the global BaaS landscape.
See full Swap company page
