Swap provides a Banking as a Service (BaaS) platform that enables B2B businesses to create and integrate customized financial products, such as digital payment accounts and branded cards, using tailored APIs. This infrastructure addresses the need for efficient financial solutions by streamlining transaction processing, compliance, and risk management for merchants looking to enhance their service offerings.
Funding
$29.5M 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 B2B businesses struggle to efficiently integrate customized financial products into their offerings due to the complexities of transaction processing, regulatory compliance, and risk management. Existing solutions often lack the flexibility and specialization required to meet the unique needs of diverse B2B ecosystems.
Solution
Swap provides a Banking as a Service (BaaS) platform that enables B2B businesses to create and embed branded, tailored financial products, such as digital payment accounts and corporate cards, directly into their existing platforms. Through a suite of APIs and white-label solutions, Swap streamlines the integration process, allowing businesses to offer customized financial services without needing to build the infrastructure from scratch. The platform handles transaction processing, ensures regulatory compliance, and manages risk, enabling businesses to focus on their core competencies while enhancing their service offerings. Swap's one-stop-shop approach offers a comprehensive solution for businesses looking to transform their ERP into a banking platform, create custom card programs, or offer digital payment solutions.
Target Audience
Swap primarily targets B2B businesses across various sectors, including fleet management, agribusiness, payroll, benefits, and travel, seeking to embed financial services into their existing platforms.
Features
- API-driven platform for integrating banking and payment solutions.
- White-label options for custom-branded financial products.
- Digital account solutions with integrated payment methods (Pix, Boleto, TED).
- Card issuing and management, from production to delivery, with API tracking.
- Multi-saldo cards to concentrate benefits and balances.
- Spending controls with customizable rules and limits.
- Real-time balance updates and transaction notifications.
- KYC and anti-fraud measures to ensure secure onboarding and transactions.
- Compliance with Central Bank of Brazil (BACEN) regulations.