Swan

Swan is a banking-as-a-service provider founded in Paris in 2019. Software companies use it to offer banking features inside their own products without becoming regulated themselves. It holds an EMI licence, is a Mastercard principal member, and handles compliance, KYC onboarding, risk and security. Through a GraphQL API, partners can open business accounts with local French, German, Spanish, Dutch or Italian IBANs and virtual IBANs, send and receive SEPA and multi-currency transfers, and issue physical, virtual and Apple Pay or Google Pay cards. It also offers expense and employee benefit card programmes. Client funds are safeguarded at BNP Paribas and Natixis. Swan says it serves more than 150 companies and processes about 1.5 billion euros a month, and accounting platforms such as Pennylane and Indy are among its customers. Developers can test for free in a sandbox that includes an API explorer, a Postman collection, an event simulator and a white-labelled banking app. Production use starts at the Swan on demand plan, listed from 2,990 euros a month. An Enterprise tier with custom pricing adds a dedicated implementation manager, interchange revenue sharing and fully custom card designs. Non-euro card payments cost an extra 2 percent. Swan suits SaaS vendors and fintechs serving European SMEs. It is not an accounting tool for end businesses, its entry price is high for small projects, and as an EMI rather than a bank it does not offer direct lending.