Swile Business Travel
“Can a French meal-voucher card become the financial OS for European employee spend — from lunch to gifts to travel to general T&E?”
Founded2018
HQMontpellier, France
FoundersLoïc Soubeyrand
IndustryVertical SaaS / HR & Employee Benefits
The story
Founded 2018 to disrupt the French meal-voucher market dominated by incumbents like Edenred and Sodexo, Swile built a Mastercard-branded benefits card and super-app for employees. After consolidating the French market with the Bimpli acquisition in 2022 (~75,000 clients, 5M employees), Swile is expanding the wallet beyond regulated lunch/gift budgets into broader business spend — starting with corporate travel via the Okarito acquisition (rebranded Swile Travel in 2025). The strategic thesis mirrors Ramp/Brex: turn an employee card already in workers' wallets into the front door for company-wide spend.
Product timeline
2018
Founded in Montpellier as a modern meal-voucher / employee benefits super-app· pivot
2022
Acquired Okarito to enter the corporate travel booking market· acquisition
2022
Acquired Bimpli, expanding to ~75,000 corporate clients and 5M+ covered employees· acquisition
2024
Reached full-year profitability — €204M revenue, €36M EBITDA, €2M net income· pivot
2025
Rebranded Okarito as Swile Travel — integrated business travel into the Swile super-app· pivot
Same company
Swile Business Travel was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.
The stack
5 layers disclosed in Swile Business Travel’s embedded-finance stack
Payments / PSP
Swile (self-operated, own IBANs)
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Ledger
in the full report
Accounting gap: minor
4 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.