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← Embedded Finance Index 2026

Indy

Founded2016
HQLyon, France
Total raised86M€
Latest roundunknown
IndustryVertical SaaS / Accounting
The stack
2 layers disclosed in Indy’s embedded-finance stack
Banking / BaaS
Swan
Card issuing
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Indy — frequently asked

What bank does Indy use?

Indy discloses Swan as its banking provider, according to the Embedded Finance Index 2026.

Is Indy a bank?

Indy does not disclose a bank charter of its own; its banking services are provided through Swan.

Who issues Indy's cards?

Indy's cards are issued through Swan.

What is Indy's embedded finance stack?

The Embedded Finance Index 2026 maps 2 layers in Indy's stack: Banking / BaaS (Swan); Card issuing (Swan).

Where is Indy headquartered?

Indy is founded in 2016 and headquartered in Lyon, France.

How much funding has Indy raised?

Indy has raised 86M€ in total (latest round: unknown).

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