Swile
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Swile - overview
Established
2018
Location
Montpellier, -, France
Primary Industry
Financial Services
About
Based in Montpellier, France, and founded in 2016, Swile, f. k. a. Lunchr SAS, is the developer of an employee benefits platform for offering meal and gift vouchers.
The company has raised a Series A round of USD 17. 4 million in 2018, a Series B round of USD 34. 7 million in 2019, and a Series C round of USD 81 million in 2020. In October 2021, Swile raised USD 200 million in a Series D funding, led by SB Investment Advisers, with participation from Headline, Bpifrance, Eurazeo, and Index Ventures.
The series D funding values Swile SAS at USD 1 billion post-money and has raised a total of USD 328. 3 million in funding. The series D funding values Swile SAS at USD 1 billion post-money. Loc Soubeyrand is the CEO of the company and employs 120 employees in Sao Paulo.
The company’s product line comprises Swile Card, which is a payment card for employee benefits, including food vouchers, gift vouchers, and commuter benefits, and its application provides collections, team activities, P2P payments, and more. In addition, the company provides a mobile payment application, Swile App backed by a payment chip card that enables users to pay for meals at restaurants and get discounts. Swile plans to use its proceeds from a Series D funding to build an app to improve internal communications, run anonymous surveys, and gather feedback from employees. In addition, the company plans to hire 500 employees by 2022.
Current Investors
Idinvest Partners, Daphni, Index Ventures
Primary Industry
Financial Services
Sub Industries
e-Financial, Web Applications, Accounting/Finance Software
Website
www.swile.co
Verticals
FinTech, Mobile Apps
Company Stage
Series D
Total Amount Raised
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