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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.

Jan 1, 2025

French BaaS Fintech Swan Raises €37-40M Series B for European Expansion

Swan, a French banking-as-a-service provider, raised €37-40 million (~$39-40M) in a Series B round led by Lakestar. Accel, Creandum, and Bpifrance also participated. The funding supports expansion into the Netherlands and Italy and the development of new embedded lending products.

Sep 13, 2023

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.

Sep 13, 2023

Swan Raises $18.7M Series A for European BaaS Platform

French BaaS startup Swan raised $18.7 million in a Series A round to expand its embedded banking platform. Swan enables SaaS companies and marketplaces to embed IBAN accounts, virtual and physical cards, and customizable banking interfaces into their products.

Sep 28, 2021

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.

Sep 28, 2021

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