European embedded banking startup Swan adds another $44 million to its Series B

French startup Goose Has collected more than $ 42 million (about $ 44 million in current exchange rate). The company considered this round as the second part of Series B Round which was originally announced In September 2024The

Swan helps other companies to provide financial products on a scale. The company can create both virtual and physical cards that work with Apple Pay and Google Sayings. The cards can be configured by Swan’s corporate clients, including expenditure limits, authorized merchants and more.

It can also create a payment account with an individual INN. In this way, accounts support pay-ins, pay-outs and even SEPA directly. These accounts can be used as a source of money for payment cards.

Several fastest growing companies have chosen the swan as part of their embedded banking partners. For example, Pennillen, a French accounting startup Has become a unicorn Last year, now it provides accounts and payment cards to its customers and depends on the swan for those features.

Similarly, the public administrative assistant for indie, freelancers, Swan To add accounts and cards to its offers. Other customers include AGICAP, Factory, Lukka and Sesame.

Overall, Swan works with 150 companies and processes $ 1.5 billion in monthly transactions.

Eight Road Ventures are the existing investors, Lacster, Axel, Crandam, Hexa and BPIFrance again leading the second traffic; BPI France originally invested in Swan’s seed round through its digital venture fund.

“We believe that the opportunity for embedded finance will be provided directly wherever users are in the existing software and work flow. We have known Nicholas and his team from their first day and have been consistently fascinated by their rapid progress, Tear 1 Customer Base and successful international expansion, “Lucil Cornet, a partner of eight Rhodes Ventures, said in a statement.

Although the company is not publishing its evaluation, Swan’s co-founder and CEO Nicholas told the Benist TechCrunch that it was more than ever. “We’re not still unicorn, so we don’t mention it,” he said.

Although many fintech startups are producing products at the top of other fintech APIs and products, Swan has created its own original banking system. This is why it can supply local ibibas and add country-specific payment products.

For the customers of the swan, it is an interesting opportunity to have the option of managing money without direct money. Swan consent and handle the KYC obligations (“Know your customer”). With Thursday’s Fund Round, Swan will expand to more countries, with Italy Roadmap.