Swan
FR · Montreuil (Paris) · ACPR (Banque de France)
Swan is a BaaS Provider / EMI based in FR (Montreuil (Paris)), regulated by ACPR (Banque de France). The institution operates an active Banking-as-a-Service program, launched in 2020.
Swan supports the following products and services: Accounts, Cards, Payments. The bank serves customers across EU (10 countries).
Notable fintech partners include Carrefour, Pennylane, Agicap.
- Products Supported
- AccountsCardsPayments
- Geographies Served
- EU (10 countries)
- Charter / Regulator
- ACPR (Banque de France)
- API Standards
- REST API, SEPA, Open Banking
- Minimum Deal Size
- Not publicly disclosed
- Year Program Launched
- 2020
Carrefour, Pennylane, Agicap
None confirmed active
€42M Series B extension (Jan 2025). Licensed financial institution. Mastercard principal member.
Processes ~€300M/month. 100+ companies across 10 EU countries. Single-currency (EUR) accounts.
Swan Raises €42M Series B Extension for European BaaS Expansion
Paris-based embedded banking fintech Swan raised €42 million in additional Series B funding in January 2025. The round brings Swan's total equity to €100 million since its 2019 founding. The funds will support expansion into the UK and Belgium, hiring of 80 new staff, and enhancement of its BaaS platform with SMB offerings and custom card programs.
Swan Raises $40M Series B to Expand Embedded Banking in Europe
French embedded banking startup Swan raised a $40 million (€37 million) Series B funding round to expand its embedded banking services across Europe. Swan enables any company to offer white-labeled payment accounts, IBANs, SEPA transfers, direct debits, and cards via API. The round underscores growing investor confidence in European BaaS and embedded finance infrastructure.
BaaS Platform Swan Raises $16M From Accel for European Expansion
Swan, a European BaaS platform enabling companies to embed white-labelled banking features such as accounts, IBANs, and cards, raised $16 million in equity funding from Accel. The investment will fund expansion into new European markets, starting with Germany and its localized features like DE IBANs. The round highlights growing demand for embedded finance infrastructure in Europe.