French Fintech Swile Raises $200M in Series D Financing Round

Fazzaco learned that Swile, a French fintech delivering an all-in-one card for employee benefits, has landed $200 million in a Series D funding round, led by Japan’s Softbank.

Participants of the latest round included existing investors Eurazeo, Index Ventures and Bpifrance Large Venture, and new investor Headline.

Michel Combes, Chairman of Softbank International Group, is reported to join Swile’s Board of Directors as part of the investment.

Launched in 2018, Swile provides employee benefits such as gift cards and meal vouchers and an app that are designed to improve employee engagement. It serves clients ranging from SMEs to the largest private company in France, Carrefour.

With the new funding, Swile sets out to roll out new digital offerings including an all-in-one payment solution which manage corporate benefits and an app focused on team building and employee analytics and insights. Besides, it will extend into Latin America, following its acquisition of Vee Beneficios, a Brazilian startup, earlier this year.