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SWAN Your next big move is already within your product
SWAN
Company Overview.
Description.
Swan.io is a leading European embedded banking platform (BaaS) that enables companies to embed white-labeled banking features directly into their products. Founded in 2019 in Paris, France by Nicolas Benady, Nicolas Saison, and Mathieu Breton through the eFounders (now Hexa) startup studio, Swan provides API-first access to accounts, IBANs, Mastercard cards, and SEPA payment services across the European Economic Area. The company is a licensed e-money institution authorized by the French Autorité de Contrôle Prudentiel et de Résolution (ACPR), holding REGAFI identifier 86245. Swan processes approximately €2 billion in monthly transactions for 150+ B2B partners across 30 European countries, including companies like Pennylane, Indy, and Agicap. The company has raised a total of €58M+ in funding across multiple rounds, with a €42M Series B completed in January 2025 led by Eight Roads Ventures with participation from Lakestar, Accel, Creandum, Hexa, and Bpifrance.
Key Infrastructure.
Accounts include IBAN assignments, account management, and multi-member access.
Partners can customize the onboarding flow and brand experience under their own identity.
Virtual IBANs enable partners to segment payments, track incoming funds by customer, and provide dedicated payment references.
All IBANs are SEPA-compatible and support credit transfers and direct debits across the EEA.
Cards support spending controls, ATM withdrawals, and international transactions.
Dynamic virtual cards enable one-time payments for enhanced security.
Apple Pay and Google Pay integration available.
Partners can initiate batch payments, set up standing orders, and manage recurring payments through the API.
Full compliance with SEPA scheme requirements.
The API provides complete control over account creation, card issuance, payment initiation, and webhook management.
Includes sandbox environment for testing.
Partners benefit from Swan's licensing without obtaining their own banking licenses.
Includes KYC/AML procedures, identity verification, and ongoing monitoring.
Additional Features.
General Questions.
Swan.io is a Banking-as-a-Service (BaaS) platform that enables European companies to embed white-labeled banking features into their products. Partners can offer their users accounts with IBANs, Mastercard debit cards, and SEPA payment capabilities without obtaining their own banking licenses. Swan handles the regulatory compliance under its French ACPR e-money license.
Swan serves 150+ B2B partners including fintech companies, accounting software providers (Pennylane, Indy, Agicap), HR platforms (Lucca), and proptech companies. These partners integrate Swan's APIs to add banking features to their existing products.
Yes. Swan is a licensed e-money institution authorized by the French Autorité de Contrôle Prudentiel et de Résolution (ACPR), with REGAFI identifier 86245. It is also a Mastercard principal member, allowing card issuance across the EEA.
Swan.io is a traditional fiat banking infrastructure platform (not a crypto company). It does not support blockchains or stablecoins. It operates in the traditional finance space with EUR-denominated accounts and SEPA payment rails.
