“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.
Swap discloses Unit as its banking provider, according to the Embedded Finance Index 2026.
Swap does not disclose a bank charter of its own; its banking services are provided through Unit.
Swap was founded by Douglas Storf, Ury Rappaport and Alexandre Takinami and is founded in 2018, headquartered in São Paulo, Brazil.
Swap has raised $28M (as of Oct 2021) in total (latest round: Series A, October 2021).
Get a read on where your own stack stands against Swap and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.