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
The stack
Payments / PSP
Banking / BaaS
Card issuing
Ledger
Accounting gap: minor