Paris-based Swan raises €37 million Series B to fuel Banking-as-a-Service across Europe
Summary
The funding will support the next stage of Swan’s continued internationalisation, which will include launches in the Netherlands in the coming months and Italy in early 2024. The company has already experienced fast growth across Europe, having opened offices in France, Spain and Germany in line with its hyper-localisation strategy. Lakestar prides itself on investing in visionary founders and championing the European tech ecosystem, in particular, by backing teams that have multinational, pan-European ambitions. “I am delighted to be joining the board of a business that has so quickly established itself as a front-runner within the embedded finance space,” added Georgia Watson at Lakestar. “Businesses today are under increasing pressure to not only diversify their revenue streams, but also deliver financial products right at the point of user need.