SWAP is the full service financial technology partner that empowers next generation merchants to expand their markets, deliver unmatched product experiences and boost their economics.
SWAP empowers companies to transform their financial operation with an innovative approach, technology, and business model.
SWAP was founded in 2018 by Douglas Storf and Ury Rappaport. The company is heaquartered in São Paulo, Brazil.
Swap uses its APIs which offers users “the infrastructure for various financial solutions, allowing them to monetize their platforms. Its clients are able to develop complete financial ecosystems including pre-paid cards, digital wallets, financial services and further monetize their platform.
Swap launched Multiflex in early 2021, an offering aimed at flexible benefits companies and in September 2021, the Swap Credit platform, aimed at companies in that segment.
Swap is currently working with 15 customers such as Swile, Portão 3, Z1, BMP Money Plus and A55.
SWAP is backed by Tiger Global Management, ONEVC, Endeavor, Global Founders Capital, GFC, SOMA Capital, Flourish Ventures, Canary, and others. The company raised $25M in Series A round on Oct 29, 2021. This brings Swap's total funding to $28.3M to date.