Swan

📣 €42M added to our Series B to expand embedded banking across Europe! Today, we’re thrilled to announce an extension to our Series B funding round, securing €42M in fresh investment. Led by Eight Roads, with continued support from our existing investors Lakestar, Accel, Creandum, Hexa, and Bpifrance, this round strengthens our position as Europe’s leading embedded banking provider. 💡 “Business management platforms will gain a competitive edge by embedding banking services, giving users access exactly when and where they need it. The future of banking isn’t in standalone apps—it’s in the tools people rely on every day.” Nicolas Benady, CEO & Co-founder. With this funding, we’re accelerating our SMB-focused product roadmap, expanding into key markets like Italy and Belgium, enhancing our card program offering and scaling our support for our growing customer base. Read more at TechCrunch: https://lnkd.in/dtt9GYS5

Solid foundations aren't optional—they're essential for sustainable growth. So, as our growth journey continues with our recent €42M funding round, we're committed to building a scalable, resilient infrastructure across our team, our product, and our services. That’s why we built our own core banking system—from the ground up. As our new investor, Lucile CORNET from Eight Roads, puts it: "Swan tracks balances, transactions, and flows with a level of control and precision that most competitors lack. Swan only integrates third-party providers when absolutely necessary, following a “close to the metal” approach. This gives greater efficiency, flexibility, and resilience compared to orchestration-focused platforms." Processing over €1.5B every month, we’re scaling our infrastructure to meet rising demand while keeping security and compliance front and centre. So what's next? ⚖️ Focus on regulation: Staying ahead of evolving compliance across Europe (check out our article on embracing the new DORA regulation here: https://lnkd.in/epBmdpzg) 🤝 Empowering partners: Scaling our KYC, AML, and payment regulation so partners can confidently focus on what they do best. 📊 Building for scale: With a 250% increase in transactions processed, we’re reinforcing risk management processes. And importantly, we're specialising in these topics so our partners don't have to. It's a complex landscape, but it's one that businesses can navigate with ease when they have the right expertise by their side. Hear more from Lucile about Eight Roads’ investment here: https://lnkd.in/eVCzeC9u

Businesses are increasingly managing their finances in a completely new way. And it doesn't involve logging into a traditional bank. This shift isn’t just happening—it’s accelerating. In fact, there are 6x more business accounts powered by Swan and distributed through our partners since late 2023. Why? Because embedded banking is no longer a nice-to-have, it’s becoming the standard. More companies like accounting software, invoicing platforms, and expense management apps are embedding banking into the tools their customers already use. And with our recent €42M funding round led by Eight Roads, we’re scaling our technology and support to make it even easier for businesses to integrate accounts, cards, and payments directly into their products. And this is just the beginning. Learn more about what’s next for embedded banking and Swan here: https://lnkd.in/eMiW3GcJ

DORA came into place on January 17, 2025. So what's this new regulation all about? The EU’s Digital Operational Resilience Act (DORA) has now kicked in, raising the bar for cybersecurity and operational resilience across the financial sector. Yes, it might seem like a lot of work at first. But no, it’s not “just another compliance headache”. DORA is a chance to build trust, future-proof your operations, and turn resilience into a competitive edge. At Swan, we like to see regulation as an opportunity, and in our latest article, we break down some key ideas in relation to DORA: 👉 The five key pillars of DORA. 👉 Practical tips for vendor risk assessments. 👉 And how to prepare for the unexpected. Whether you’re just getting started or looking to refine your strategy, this article will hopefully provide you with insights and inspiration to think beyond compliance and build an even more resilient business. Thanks to our security experts Sahra Toksöz and Thomas Caplin for their insights! Check it out here: https://lnkd.in/epBmdpzg #DORA #embeddedbanking #operationalresilience

Heading to FRANKFURT DIGITAL FINANCE this week? Be sure to reach out to our Paul Enseling for a friendly chat about all things embedded banking!

New tech, new players, new plays... the fintech playing field is evolving fast! So what do the current hot topics mean for financial services? Our CEO Nicolas Benady shares his thoughts on recent news on 11:FS's Fintech Insider News podcast. Hosted by Benjamin Ensor and joined by Rory O'Neill (CMO at Checkout.com) and Vivek Madlani DipFA (CEO & Co-founder of Multiply), the panel explores AI, bold bets, and fintech updates from around the world! Key topics include: 💳 X partners with Visa to power X Money’s wallet 🤖 What does DeepSeek mean for financial services? 🏦 NatWest Group backs AI platform Serene ✈️ TravelPerk’s $2.7B valuation and fintech play 📈 Checkout.com’s path to profitability 🇦🇺 Australia clamping down on BNPL with new credit rules Find the episode on Spotify here (and available on all streaming platforms): https://lnkd.in/geGBdUFj

Operating across Europe, our team gets to witness the evolution of a market. And the fintech scene in the Netherlands is certainly growing fast 🇳🇱 Last week, we joined forces with Holland Fintech Association to talk about the future of banking, fintech, and embedded finance in the Dutch market. Swan's Marnix van Deursen explored these topics with Alec Behrens from Alicia Insurance, Thomas Vles from GoDutch, and Friso van de Pol from Pipe—and it was topped off with a keynote from Bram van den Hoven from Visma Software NL. One thing was clear: we’re entering a new era of financial services. So what’s happening in the Dutch fintech scene? 🔹 The Netherlands has one of the highest fintech adoption rates in Europe. 🔹 Open banking has gained strong traction, but embedded banking is the next big focus. 🔹 Dutch businesses are highly digital, making them prime candidates for embedded financial services. In 10 years, banks won’t just be competing with a handful of neobanks. They’ll be up against thousands of software companies that have successfully embedded banking into their products. And the Dutch fintech ecosystem is ready to ride this wave. Thanks to everyone who joined—let's keep driving this momentum! #fintech #embeddedbanking #hollandfintech

Scaling isn’t just about growth—it’s about building the right foundations to handle it. In the past year, we’ve: 📈 2.5x our monthly revenue 💳 3x our monthly transaction volume 👥 Grown from 150 to 250 Swanees across Europe And we’re just getting started. Read more about our milestones and what’s next: https://lnkd.in/eMiW3GcJ

Based in the Netherlands? Check out this session on the future of finance 🇳🇱 Our very own Marnix van Deursen will co-host with the Holland Fintech Association and explore how embedded finance is shaping the tech world. See you there!

How much could you earn by embedding banking features? Swan's new calculator helps you estimate your revenue potential 💰 The cherry on top of embedding banking features into your product is that you unlock new revenue streams—and this scales as your customer base scales. This calculator helps you estimate how much you could generate by integrating accounts, cards, and payments into your product. From payments and interchange to deposits and subscriptions, see how these revenue streams can fuel sustainable growth for your business. And with 2025 underway, now is the time to get embedded banking on your roadmap. Ready to explore the possibilities? Estimate your potential revenue here: https://lnkd.in/e55_Qg5z