GoDutch
“Can a Swan-powered Dutch business account turn 'fair banking' (revenue-sharing, cashback, AI admin automation) into the default finance OS for European SMEs?”
Founded2024
HQAmsterdam, Netherlands
FoundersThomas Vles
Total raised~€4.8M
Latest roundSeed, December 2025
IndustryFintech / SMB banking
The story
GoDutch launched in mid-2024 as a Dutch SME challenger built on top of Swan's French BaaS platform, with a 'fair banking' positioning (share up to 70% of income with users) and a fast onboarding flow producing an IBAN and virtual card in hours. The company has stayed thin-vertical — banking, cards, expense management, FX — while planning to add payroll, lending and treasury after the Dec 2025 seed. Expansion is geographic first (Belgian IBANs Dec 2025, then EU) rather than product-first.
Product timeline
2024
GoDutch founded in Amsterdam by Thomas Vles; launches business banking on top of Swan with free Dutch IBAN and virtual Mastercard.· banking
2025
Raises €1.2M pre-seed from Dutch neobank veterans (Knab, bunq founders).· funding
2025
Raises €3.6M seed led by Luxembourg Finance House; announces expansion into payroll, lending and treasury.· funding
2025
Launches Belgian IBANs on 1 December as start of broader European expansion.· banking
The stack
6 layers disclosed in GoDutch’s embedded-finance stack
Payments / PSP
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
Accounting
in the full report
Accounting gap: minor
10 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.