Swap
“Can Swap become the default embedded financial infrastructure layer for Latin American platforms seeking to monetize their users with banking, card, and payment products?”
Founded in October 2018 in São Paulo, Swap set out to be the embedded finance infrastructure layer for Latin American companies, offering APIs that allow non-financial businesses to embed banking, card, and payment products into their platforms. The company bills itself as a 'fintech factory' for LatAm, enabling its customers to monetize their user bases through white-labeled financial products without needing to build the underlying regulated infrastructure themselves. Its Series A from Tiger Global in 2021 validated the embedded finance infrastructure thesis for the Brazilian and broader Latin American market.