Swan funding news – France-based Swan Raises €42Million in Series B Round Funding

The new funds will help Swan expand into key European markets like Italy, improve its banking solutions for small and medium-sized businesses (SMBs), and develop custom card programs. The company also plans to hire 85 new employees to strengthen its position as a key banking partner for European SMBs.

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Benady said, “It’s not just the technology that makes Swan unique. Yes, it’s robust and well-built. Yes, the user interface is sleek. But it’s our regulatory approach that made this possible. We worked closely with our regulator to build a relationship where Swan fully owns the payment and fraud risk. This means companies embedding banking with Swan are freed from regulatory compliance burdens — no lengthy training or months-long approval processes,”.

The embedded finance sector is growing quickly, worth $185 billion worldwide, including $72 billion in Europe.

By adding financial products to their services, companies can earn more money through fees, interest, and subscriptions, while keeping customers loyal. With technology improving and interest rates rising, now is the perfect time for businesses to adopt embedded finance.

Lucile Cornet, Partner at Eight Roads Ventures said, “We believe the embedded finance opportunity is immense, and banking services will increasingly be offered directly where users are, within existing software and workflows,”.

Swan is leading the next step in fintech innovation, focusing on making banking services easier to access. The first banking change brought transactions online through websites and mobile apps, making traditional banking more available. Now, embedded banking is creating an even bigger shift.

Concluded Benady, “The big banks won’t just compete with a few neobanks — they’ll face tens of thousands of software companies offering embedded banking. Most SME banking needs will be handled within their daily tools. Imagine a Healthtech platform where doctors manage all financial matters — including patient payments — in one place. Or a social app empowering marginalised groups with financial services. Picture a PropTech company giving property managers real-time transaction visibility with their tenants. The possibilities for impact are limitless and across all industries,”.

About Swan

Swan was founded in Paris in 2019 by Nicolas Benady and Nicolas Saison to make embedded banking available to everyone. It is the top European fintech focused on embedded banking. Companies can enhance their products by adding Swan's banking features like accounts, cards, and payments.