The company is also opening its own office in Berlin for this purpose. According to a Swan representative, quoted in Handelsblatt, Germany is one of Swan’s key growth markets. The fintech offers its customers white-label solutions for banking.
Swan’s product offering
Customers can use Swan's APIs to embed white-labeled banking features such as accounts, cards, and payments into their workflows and UX. Users can both create and manage accounts for their company or customers. This also includes the option to issue Mastercard cards with their own branding. Customers can then enable transfers and debits, as well as create as many IBANs as desired for all their accounts.
Plans in Germany
Competition with Solaris
In Germany, the French fintech will be competing with Germany-based Solaris. Similarly to Swan, Solaris also does not appear under its own brand in the end customer business but makes its own infrastructure and banking license available to other companies. As stated in the Handelsblatt, a Solaris representative had commented that the fintechs customer focus would shift from small fintechs to large, established companies. Swan, on the other hand, has stated that they aim to grow with their customers, regardless of the company’s size.
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