Swan Raises €42M to Transform Embedded Finance Across Europe
Swan, Europe's leading embedded finance provider, has secured €42 million in its latest funding round. The investment round was led by our Eight Roads team and included participation from existing investors Lakestar, Accel, Creandum, Hexa, and Bpifrance.
The funding will fuel Swan's European expansion while accelerating their product innovation initiatives to help businesses seamlessly integrate financial services into their offerings.
Revolutionizing Financial Services Integration
Embedded finance is fundamentally changing how businesses engage with financial services. Swan's platform enables businesses to integrate essential financial components - including accounts, payments, and cards - directly into their products. This integration not only opens up new revenue streams but also significantly enhances the overall customer experience.
A Market with Massive Potential
The embedded finance market represents a substantial opportunity, valued at $185 billion globally, with $72 billion of that potential in Europe alone. What's particularly noteworthy is that only 20% of this market has been tapped so far, indicating significant room for growth and innovation.
Under the leadership of Nicolas Benady, Swan is positioning itself at the forefront of this financial revolution. The company's vision and exceptional team are set to redefine the embedded finance landscape across Europe, reinforcing the belief that embedded solutions represent the future of fintech.
Read the full Tech Crunch article here.