European Banking Startup Swan adds $ 44 million to B series B

French start Swallow More than 42 million euros (about $ 44 million) raised the current exchange rate. The company considers this tour to the second part of the B period first declared In September 2024.

Swan offers financial products on a scale of other companies. The company can create both virtual and physical cards that work with both apples and google pay. Cards can be configured in a program-in-program with SWAN’s corporate clients, spending restrictions, authorized merchants and more.

You can also create payment accounts with an individual snake. In this way, accounts support debits directly-ins, pay and even SEPA direct debets. These accounts can be used as a source of money for payment cards.

Companies growing up in several speeds have chosen Swan as their installed bank partners. For example, PennyLane, a French accounting start became the unicorn Last year now offers customers accounts and payment cards and trusts the swallow for these features.

Similarly, one-one administrative assistant for freelancers, He turned to a swallow Time to score and add cards. Other customers include AGICAP, Facial, Lucca and Sesame.

In general, Swan 150 companies and the process operates with 1.5 billion euros in monthly operations.

Eight road facilities, existing investors, speed, loading, Hexa and BPifrance are the second tranche with existing investors; BPifrance was initially deposited close to the seed of Swan through the Digital Enterprise Fund.

“We believe that the built-in financial opportunities are great and bank services are increasingly increasing in place, existing programs and workflows, and have recognized their team since the early days, and a secondary customer base and successful expansion of rapid progress , “Eight road facilities said Lucile Cornet.

Not disclosing the company’s evaluation, SWAN’s co-founder and CEO Nicolas Benady said he was higher than TechCrunch. “We’re not yet a unicorn, so we don’t mention it,” he said.

While many Fintech Startups built products on top of other Fintech APIS and products, Swan set up its main banking system. Therefore, it can offer local IBans and add special payment products to the country.

As for the customers of Swan, it is an interesting opportunity to choose to do not deal with money. Swan Handles Compatibility and KYC obligations (know your customer “). Swan on Thursday by financing, will continue to expand to more countries when he is next to the country, Italy’s road map.