Swan is a banking-as-a-service (Baas) platform engineered to help innovators move their business into a new dimension.
Swan is the DIY banking platform that lets you embed banking services directly into your product in under 5 minutes.
Swan was founded in 2018 by Nicolas Benady, Nicolas Saison and Mathieu Breton. The company is headquartered in Paris, Paris, France.
Swan's BaaS platform, connected to Mastercard, lets any business start offering branded accounts, cards, and IBANS in minutes. Swan's simple API lets companies embed banking services directly into their product, making it easy to start building a white-labeled banking experience instantly.
Swan recently received an e-money license from the French central bank and can now operate payments services, hold deposits, issue payment cards and international bank account numbers (IBANs), and open accounts.
Swan will also handle identity verification, fraud detection, and risk assessment for new banking customers. With the platform, nonbanks could create bank accounts for limited purposes and issue virtual or physical cards.
Swan has raised $5.9M in a Seed funding round on Sep 15, 2020. The financing was led by Creandum with Bpifrance’s Digital Venture fund also participating.