Last Updated: March 28, 2022
Swan is a licensed Financial Institution. Our BaaS platform (Banking-as-a-Service) enables companies to embed white-labeled banking services like accounts, cards, and IBANs directly into their products and customer experiences.
Swan's e-money license allows to provide banking services across the EEA including:
Swan differentiates itself from other BaaS providers in many ways, but these three stand out:
The company was created in 2019 within the start-up studio eFounders. Swan's founders are experienced developers, entrepreneurs, and experts in the payments industry: Nicolas Benady, Nicolas Saison, and Mathieu Breton. Learn more.
Swan secured an e-money license to deliver banking features across Europe and is backed by leading tech investors such as Accel, Creandum and Bpifrance.
If you plan to offer banking features to your own customers, go with Swan Multi. However, if you just want to use API-based business bank accounts to run your payment flows, Swan Solo is right for you. We are happy to ideate around your exact needs in a discovery call.
Nope. There are no setup or registration fees.
We offer two off-the-shelf designs for cards. We charge 5€ per card using one of these two designs. Additionally, the shipping costs are charged 'at cost' and are hence subject to change depending on prices of our shipping partners.
For accounts holding more than 100,000€, a 0.50% (ECB current rate) negative interest will be charged. This rate is subject to changes depending on the evolution of the ECB rates. No negative interest rates will be applied to accounts holding less than 100,000€.
Payment for goods and services in shops or remotely outside the SEPA area: 2% of the amount paid
Shipping or replacement of a card after loss, theft, damaged card, or card blocked or stopped following 3 incorrect codes: €7 incl. VAT
No. You don't have to be a banking agent or expert to work with Swan as Swan is a licensed financial institution. We have an e-money license and are regulated by the French banking agency, the ACPR.
Companies that work with Swan get to piggyback on this license to provide banking services to their customers. You don't need to go through the process of becoming regulated, nor hire a compliance team, set up a risk management process, or worry about being audited.
graphQL is an interesting alternative to REST or x-rpc. It's strongly-typed, resilient, and offers a finer command. We also love its "Introspection System" and the fact that it's future-oriented. Learn more.
Our data is secured following strict and rigorous banking industry practices.
Our hosting provider's data centers are based in Ireland.
Our CTO explains this in more detail in this video (in French).