Rapid adoption of embedded banking by Benelux companies since Swan's
Amsterdam launch

   SWAN / Key word(s): Miscellaneous
   Rapid adoption of embedded banking by Benelux companies since
   Swan's Amsterdam launch
   13-May-2024 / 11:15 CET/CEST
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   Rapid adoption of embedded banking by Benelux companies since
   Swan's Amsterdam launch

   MONDAY, MAY 13, AMSTERDAM
     * Since its local launch only 5 months ago, Swan's embedded
       banking platform has rapidly expanded in the Benelux,
       supporting over 10 local companies across 4 sectors to launch
       banking products (among 100+ European businesses overall).
     * Embedded banking takes the power of banking away from
       traditional banks, putting it in the hands of tech companies
       in diverse sectors like Financial management & accounting,
       HR, Real Estate, B2B lending, and more.
     * Companies that embed banking features with Swan are able to
       unlock the full potential of their product. They build
       better, all-in-one user experiences for consumers, while
       tripling revenue per user.

   Just five months following its strategic launch in the
   Netherlands, Swan, a leading European fintech specialized in
   embedded banking, today announces its first customers in the
   Benelux. This milestone underscores the rapid market adoption of
   Swan's platform within the region's already well-developed
   fintech ecosystem.

   Ten Benelux companies across four sectors have already developed
   banking products in partnership with Swan. These partnerships
   showcase Swan's commitment to supporting a wide array of software
   companies across different industries, as well as a strong local
   appetite for embedded banking.

   "In ten years, big banks will no longer be up against just a
   handful of neobank innovators. Instead, they'll be up against the
   10,000 software companies of all kinds, who have successfully
   embedded banking. Companies in the Netherlands have understood
   this. The successful launch of banking features by local
   companies like Ageras, Fincluded, and Yuki, within just four
   months of Swan's local launch is a testament to the robust demand
   for embedded banking services across all sectors," says Nicolas
   Benady, co-founder and CEO of Swan.

   Companies that have joined the embedded finance movement, in
   partnership with Swan, include:
     * Tellow by Ageras, a leading software for small businesses
       across Europe and the US, embedded banking with Swan to give
       users access to accounting, banking, and tax services, all in
       one hub - with just one login.
     * Fincluded: embraces financial inclusion and strives to remove
       the barriers that exclude foreign workers from the payment
       system. Fincluded partners with Swan and employment agencies
       to provide payment accounts that empower everyone to fully
       participate in society.
     * Syndic Yourself: a Proptech that enables simple and efficient
       management of co-ownerships in Belgium. A fun and smooth user
       experience lets co-owners open an account, automize
       accounting, set up a general assembly, and more.
     * Floryn: a fast-growing Dutch fintech in the B2B lending
       industry, has leveraged Swan's platform to provide more
       seamless financial operations for its clients.
     * Visma Software: One of the Dutch software leaders with
       products such as eAccounting, Visma.net, and AccountView,
       aiming to take a leading role in combining accounting with
       banking.
     * Sprinque: a BNPL provider that is eliminating friction from
       online and offline transactions, has partnered with Swan to
       power its pan-European B2B payments solution for merchants
       and marketplaces.
     * Yuki: A leading provider of accounting software for SMBs in
       the Netherlands and Belgium, made the strategic move to embed
       banking to offer users a comprehensive, all-in-one solution.

   Image link:
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   Image title: swan_1

   "Together with Swan, we are revolutionizing expense management
   for entrepreneurs and their accountants through embedded banking
   solutions. This collaboration aligns perfectly with Yuki's
   innovative DNA, and we are thrilled to be at the forefront of
   this transformative journey." - Aeyiondy Dorant, Product Owner,
   Yuki Mobile App

A localized approach

   As part of its European growth strategy, Swan is committed to
   hyperlocalization across the continent. This goes beyond
   launching a local office. For example, in the Netherlands,
   companies can offer to their own customers: Dutch accounts, with
   Dutch Terms & Conditions, and IBANs that start with "NL." Swan,
   in relationship with the local regulator, De Nederlandsche Bank
   (DNB), ensures that all accounts and banking operations comply
   with local laws and regulations.

   Swan continues to build additional payment methods and features
   expected by local consumers. For example, they recently launched
   a new feature expected by the local market: account verification,
   which allows you to immediately see if there is a match between
   an account name and an IBAN. Already a common standard in the
   Dutch market, this is also a requirement for safer payments
   included in the upcoming PSD3 regulation.

A strategic step in Swan's European expansion

   Since its EUR38M Series B fundraising in September 2023, Swan has
   continuously been boosting its platform with new in-demand
   features. Companies can now both send and accept payments. In
   April, Swan will launch international credit transfers in
   partnership with WISE. Payments will be possible in 20+
   currencies, with the lowest FX costs on the market. Product
   advancements such as these are key for Swan to attract
   enterprise-level companies, and to help reinforce Swan's position
   as the embedded banking partner of choice in Europe.

About Swan

   Swan is the leading European fintech specialized in embedded
   banking. Companies of all kinds can unlock the full potential of
   their product by embedding Swan's banking features such as
   accounts, cards, and payments.

   Founded in 2019, Swan processes over 750 million euros of
   transactions per month, for 100+ companies, and operates across
   thirty European countries. The company has received growth
   capital from leading VC investors such as Lakestar, Accel,
   Creandum, and Bpifrance. Swan is a Mastercard principal member
   and a licensed financial institution, regulated by the French
   banking authority (ACPR - Banque de France).

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   announcement.
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1901331 13-May-2024 CET/CEST