European-founded Fintech Company, Swan, Secures Additional $44 Million in Series B Funding
London, UK – June 15, 2023 – Swan, a leading European fintech company, has announced that it has secured an additional $44 million in Series B funding, bringing the total funding to date to $66 million. The fresh infusion of capital will be used to further accelerate the company’s growth and expansion into new markets.
Swan, founded in 2018, is a financial technology company that provides a unique range of digital banking and financial services to individuals and businesses. The company’s innovative approach to banking has resonated with customers, with over 1 million users already on its platform.
The fresh funding round was led by existing investors, including Fosun International, a leading Chinese conglomerate, and new investors, such as the Greek investment firm, Venture Kin Capital. Other participating investors included several prominent fintech-focused venture capital firms, including Merian Ventures and KumAda Investments.
"We are thrilled to have secured this significant funding round, which will enable us to accelerate our growth plans and expand our presence across Europe and beyond," said [Name], CEO of Swan. "Our team has worked tirelessly to develop a range of innovative products and services that solve real-world problems for our customers. This funding will give us the firepower to take our vision to the next level and make a real impact in the financial services industry."
The funding will be used to further develop Swan’s cutting-edge technology, expand its team, and enter new markets, including the Americas and Asia. The company is also planning to launch new products and services, including a credit and investment platform, as well as partner with other fintech companies to expand its reach.
Swan’s unique selling point lies in its hyper-personalized approach to banking, which uses machine learning algorithms to provide customers with tailored financial solutions. The company’s mobile-only banking app has been designed to be user-friendly, with a focus on simplicity and ease of use.
"We are huge fans of the Swan team and their vision for the future of banking," said [Name], a representative from one of the investors. "We believe that their innovative approach to fintech will disrupt the traditional banking industry and bring about a new era of financial services that are more accessible, convenient, and affordable."
Swan’s new funding round comes as the fintech industry continues to boom, with a growing number of consumers seeking out alternative financial services. The company is well-positioned to take advantage of this trend and make a significant impact in the global financial services industry.
About Swan
Swan is a European fintech company that provides a range of digital banking and financial services to individuals and businesses. Founded in 2018, the company has quickly gained a reputation for its innovative approach to banking and its commitment to providing customers with the best possible experience. With over 1 million users, Swan is one of the fastest-growing fintech companies in Europe.
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