from SWAN
Emerging European embedded finance leader Swan opens office in Amsterdam and launches localized Dutch accounts
SWAN / Key word(s): Expansion Launch of localized accounts will allow Swan’s Dutch customers to issue NL IBANs to their clients.
Amsterdam, November 9, 2023: Swan, the emerging European leader in embedded finance, today opens its first office in the Netherlands, and launches localized Dutch accounts, as part of its continued European expansion. The launch is part of the company's European hyperlocalization strategy, following a successful launch in Spain earlier in the year. The launch will enable Swan’s Dutch customers to issue NL IBANs, and ensure all activities including compliance, legal, and product, are thoroughly localized.
In the past three weeks, three companies have already opened hundreds of Dutch accounts for their customers through Swan’s embedded banking platform, demonstrating a strong appetite for its services in the Netherlands. The announcement follows a month after a Series B investment round of €37 million to support the internationalization of the company and its Banking-as-a-Service platform.
“As we’re continuing our growth path, the central location of the Netherlands within Europe will provide access to a larger market, making it a strategic base to further expand across the continent”, says Nicolas Benady, co-founder and CEO of SWAN. “The Netherlands has a fast-growing fintech ecosystem, with many startups and established companies focusing on financial innovation. This ecosystem is ripe with companies who stand to be turbo-charged by Swan's embedded banking services.”
Ageras was Swan’s first customer in the Netherlands, integrating Swan’s embedded banking features into its accounting and tax filing services. With over one million customers, Ageras is on a mission to roll out embedded banking across all their markets. They recently released Dutch IBANs in their Dutch accounting software, onboarding hundreds of customers in the first weeks. -ENDS-
About Swan Swan is a European fintech and innovation leader in embedded finance. Swan’s Banking-as-a-Service (BaaS) platform is the easiest way for companies to embed banking features. Via its simple APIs, European companies can integrate banking services (accounts, cards and payments) quickly and easily into their own product.
Founded in 2019, Swan processes around 750 million euros of transactions per month, for 100+ companies across ten European countries. Swan has over 150 employees and is led by fintech experts and experienced entrepreneurs Nicolas Benady, Nicolas Saison and Mathieu Breton. The company was founded with the startup studio, eFounders, and has received growth capital from leading VC investors such as Lakestar, Accel, Creandum, and Bpifrance. Dissemination of a Financial Wire News, transmitted by EQS Group. |
1768863 09-Nov-2023 CET/CEST