Brazil-based Swap raised a $3.3 million seed round to help financial institutions create their own internal financial technology businesses faster and more effectively.
“We are like AWS [Amazon Web Services] for payments, helping companies improve connection, experience and embed finance into their business so they can stop outsourcing those functions,” Swap`s co-founder and Chief Product Officer Ury Rappaport, told Crunchbase News.
ONEVC led the seed round, with participation from GFC, SOMA Capital, Brad Flora, ABSeed, Flourish Ventures, Rhombuz, Canary, Hustle Fund and Patrick Sigrist.
