Swan provides a Banking-as-a-Service platform that enables companies to integrate white-labeled banking features, such as accounts, cards, and payments, directly into their products through APIs. This approach eliminates the complexities of regulatory compliance and financial infrastructure, allowing businesses to enhance their customer experience and create new revenue streams without the burden of managing banking operations.
Funding
$39.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many companies face complexities in integrating banking features like accounts, cards, and payments into their products, requiring navigation of regulatory compliance and financial infrastructure. This often diverts resources from core product development and innovation.
Solution
Swan provides a Banking-as-a-Service (BaaS) platform that allows businesses to embed white-labeled banking functionalities directly into their existing products via APIs. Swan handles the underlying regulatory and technical complexities, enabling companies to offer customized banking experiences without becoming licensed financial institutions. The platform offers a scalable core banking system with its own ledger for processing transactions, connections to the SEPA network, and built-in regulatory compliance. Swan also provides onboarding, identity verification, and customer support, allowing businesses to focus on enhancing their product and creating new revenue streams.
Target Audience
Swan's primary customers are businesses across various industries, including FinTech, HR Tech, PropTech, accounting, and travel, that seek to integrate banking features into their products to enhance customer experience and create new revenue streams.
Features
- API-driven platform for embedding banking features into existing products
- White-labeled accounts, cards, and payments
- Scalable core banking system with a proprietary ledger
- Direct connection to the SEPA network via own BIC & IBANs
- Built-in regulatory compliance, including Strong Customer Authentication (SCA) and fraud detection
- Automated account onboarding and identity verification
- Customizable card programs with rule-based controls
- Developer sandbox and API explorer for testing and integration
- Comprehensive documentation and support resources