Swile

Swile is a French fintech company founded in 2018 that provides digital solutions for employee benefits through a custom payment card and mobile app. The company's main product is a Mastercard-powered payment card that digitizes and consolidates various employee benefits such as meal vouchers, gift cards, and mobility vouchers. Swile's card can be used at any facility accepting Mastercard and can be linked to an employee's personal debit card for automatic top-ups when needed. The accompanying mobile app allows users to track expenses, view balances, and access additional features like a company directory and messaging system.

As of July 2023, Swile reported generating EUR 138 million in revenue for 2022. The company handles a transaction volume of EUR 3 billion per year and serves over 85,000 corporate customers. Swile has captured a significant market share in France, with 5 million users in the country as of 2023. The company has also expanded internationally, particularly in Brazil where it has 500,000 users. In total, Swile serves 5.5 million users across both markets.

In addition to its core employee benefits card, Swile has been diversifying its offerings. In 2023, the company began testing a corporate travel booking platform called Swile Travel, which it plans to integrate into its main app. Swile aims to enter the travel and expense management space, competing with established players like American Express and newer entrants such as Navan and TravelPerk. The company's goal is to have at least 25% of its revenue come from travel and expense management within five years.