Swan

About Swan

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.

```xml <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. </problem> <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. </solution> <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 </features> <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. </target_audience> <revenue_model> Swan operates on a pay-as-you-grow model with no setup fees or long-term contracts, charging based on current needs and offering customized solutions for high-volume or unique business models. </revenue_model> ```

What does Swan do?

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.

Where is Swan located?

Swan is based in Paris, France.

When was Swan founded?

Swan was founded in 2019.

How much funding has Swan raised?

Swan has raised $39.7M.

Location
Paris, France
Founded
2019
Funding
$39.7M
Employees
293 employees
Investors
LakestarMedex PartnersOxx

Swan

10
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

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.

swan.io10K+
Founded 2019 – Paris, France

Funding

No specific funding rounds found.

Total Funding

$39.7M

Backed by

LakestarMedex PartnersOxx

Team (250+)

No team information available.

Company Description

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.

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

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.

Revenue Model

Swan operates on a pay-as-you-grow model with no setup fees or long-term contracts, charging based on current needs and offering customized solutions for high-volume or unique business models.

Sources:

1
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