Embedded finance firm Swan has opened its first office in the Netherlands continuing its European growth strategy.
Swan has also launched localised Dutch accounts, enabling customers in the country to issue NL IBANs and ensure all procedures are covered by compliance, legal and product guidelines.
As well as launching in Spain earlier this year, the embedded finance company also raised up to €37m in a Series B funding round to support its growth plan 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,” said 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.”
Swan provides APIs to European merchants to integrate their banking services, such local accounts and cards, to access their platform.
As well as enhancing its growth strategy across Europe, Swan has secured embedded finance partnerships with businesses across twelve European countries, including Carrefour, Pennylane, Lucca, Factorial, Expensya and Agicap.
Thomas Vles, Chief Revenue Officer of Ageras, commented on the Swan partnership: “Banking is an essential part of our product suite, and by integrating it with accounting and tax filing, we can make life so much easier for small business owners.
“They can find everything they need for administering their business, all on one platform with one, single login. Swan is a strong partner that enables us to become successful in many of our important markets in Europe, they are frontrunners in functionality, security and collaboration.”