Swan

Swan

SaaS platform for SEPA SME payments

Overview

Swan provides a SaaS platform for small and medium-sized enterprises to process financial transactions and keep records, connected to the SEPA network for EU payments. Clients can use Swan’s licensed financial institution status, while Swan handles compliance, risk management, and auditing on their behalf. It also runs a marketplace for SME financial services to offer additional options. Its goal is to simplify access to financial services for EU SMEs and enable scalable operations without requiring them to become licensed institutions.

About Swan

Simplify's Rating
Why Swan is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Fintech

Financial Services

Company Size

201-500

Company Stage

Series B

Total Funding

$110M

Headquarters

Paris, France

Founded

2019

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Simplify's Take

What believers are saying

  • April 2026 Owen-Assurant launch adds embedded insurance to Swan card products.
  • January 2025 €42 million Series B extension funds Belgium, UK, and SMB product expansion.
  • Swan’s 2026 public materials cite 300 Swanees, signaling hiring momentum and execution capacity.

What critics are saying

  • Qonto Embed, Treezor, Adyen, and Stripe Treasury intensify pricing pressure across Europe.
  • Swan’s 30-country footprint raises compliance and operational risk under fragmented EU payment rules.
  • If UK and Belgium expansion slips, growth depends on a crowded French core market.

What makes Swan unique

  • Swan’s 2026 platform bundles accounts, cards, payments, and local compliance across Europe.
  • Swan processes €2 billion monthly and serves 150-plus companies, including Pennylane and Agicap.
  • Swan’s licensed infrastructure removes banking-licence burden for software firms and marketplaces.

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Funding

Total Funding

$110M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$46.2M
Swan
$65M
Substack
$100M
ClickUp

Benefits

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

0%

2 year growth

0%
WhoTakesCoin
Jun 25th, 2026
"Breaking: Perception unveils game-changing beta exit with Four exciting Digital Asset Integrations!"

"Breaking: Perception unveils game-changing beta exit with Four exciting Digital Asset Integrations!" Thursday, June 25, 2026 0 Bitcoin Magazine Perception Exits Beta With Four Digital Asset Integrations Perception exited beta and launched its digital asset narrative intelligence platform with integrations from BitGo, Swan, Relai, and Bitcoin Well, providing AI-driven market insights from over 1,000 curated industry sources. This post Perception Exits Beta With Four Digital Asset Integrations first appeared on Bitcoin Magazine and is written by Micah Zimmerman. Bitcoin Magazine Perception Exits Beta With Four Digital Asset Integrations Perception exited beta and launched its digital asset narrative intelligence platform with integrations from BitGo, Swan, Relai, and Bitcoin Well, providing AI-driven market insights from over 1,000 curated industry sources. This post Perception Exits Beta With Four Digital Asset Integrations first appeared on Bitcoin Magazine and is written by Micah Zimmerman. #technology Related industries. cryptocurrency

Associated Press
Jun 3rd, 2026
Owen taps Assurant to power embedded travel insurance for Swan's business cards across Europe

Owen, an insurtech specialising in embedded insurance, has partnered with Assurant to provide insurance capacity for Swan, Europe's leading embedded banking platform. The collaboration enables Swan to integrate travel insurance and fraud protection directly into its card products across France and Europe. Under the arrangement, Assurant serves as the risk carrier, Owen acts as broker and third-party administrator, and Allianz provides assistance services. The programme launched in April 2026 with Swan, which processes approximately €2 billion in monthly transactions across 30 European countries and serves over 150 companies including Pennylane, Indy and Agicap. The partnership allows Swan's partners to offer embedded insurance natively within their card products, eliminating months of integration work and complex regulatory requirements.

PYMNTS
Jan 30th, 2025
This Week In B2B: Central Bank Best Practices, Ai Agents, Fintech Innovation

The future of corporate finance is shifting from reactive to predictive, and that’s great news for B2B innovation. This rapid and ongoing shift toward advancements in digitization, real-time payments and next-generation tools such as artificial intelligence (AI)-powered forecasting is redefining how businesses manage core operational elements like liquidity and working capital. For chief financial officers (CFOs) and treasurers, the question is no longer if they should embrace innovation but how quickly they can implement solutions that enhance financial resilience. As uncertainty persists, tomorrow’s corporate giants won’t just be the ones with the biggest balance sheets — they’ll be the ones with the smartest financial infrastructure and operational toolkit

PYMNTS
Jan 30th, 2025
3 Ways Fintechs Are Transforming B2B Payments

Venture capital and FinTech are known for making big, and often risky, bets. That has been the traditional story for years, and one that kept B2B frequently lagging behind the consumer marketplace in terms of innovation. However, against an uncertain and dynamic operating backdrop, money and innovation are increasingly flowing to the enterprise back office thanks to a rising generation of FinTechs and startups focused on areas like accounts payable and receivable automation, cyber security, working capital solutions and more. Even corporate event planning is getting the startup treatment, with Paris-based business planning startup Naboo announcing a $21 million Series A funding round Wednesday (Jan. 29)

PYMNTS
Jan 30th, 2025
Swan Raises $43M for Embedded Banking

French FinTech Swan has raised €43 million to expand its embedded banking services. The funding will help Swan hire more staff, enter new markets like Belgium and the U.K., and develop products for SMBs. This continues their Series B round from 2023, which raised €39 million. Swan has launched in the Netherlands and Italy, offering local IBANs and payment solutions. The company emphasizes the growing importance of embedded banking for creating competitive advantages and new revenue streams.

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