Swile

What Swile does

Swile is a French employee benefits technology company that issues a single smartcard — the Swile Card — consolidating multiple benefit categories (meal vouchers, gift cards, mobility allowances, and culture checks) into one payment instrument accepted at all standard contactless terminals and digital wallets (Apple Pay, Google Pay). Founded in Montpellier in 2017 (originally as Lunchr) and operating in France and Brazil, the company pairs the physical/virtual card with the Swile App for real-time budget monitoring, notifications, temporary card locking, and multi-card ordering. The platform is built on a regulated payments stack: Swile Payment holds an ACPR electronic money institution license (17508) and partners with Treezor (license 16798), while meal voucher issuance requires CNTR accreditation and transactions can transit the CONECS shared network.

The product portfolio extends well beyond the card. Swile Travel (reinforced by the May 2022 Okarito acquisition and a strategic partnership with Trainline Partner Solutions covering European rail including Renfe, Iryo, and Italo) provides business trip booking with approval workflows and consolidated invoicing. Notes de Frais handles expense reporting and reimbursement, while Swile Insights and Mon CSE serve employee representative committees with internal communications, polls, event management, and subsidy administration. Bimpli, acquired and integrated under Swile ownership, contributes paper and digital meal voucher reach, while Enfuce powers a multi-benefit combo card launched in Brazil in November 2025 targeting over one million users by mid-2026.

Swile generates revenue through four interlocking streams: negotiated per-transaction merchant commissions on meal and gift voucher spend; enterprise subscription fees for HR departments and CSEs using the platform; transaction-based fees from Swile Travel and Bimpli+ supplementary payments (where employees cover voucher shortfalls via personal credit card or preloaded wallet); and ancillary financial services. Distribution is multi-channel — direct enterprise sales to HR departments, a long-tail affiliate merchant network (including food delivery platforms Uber Eats and Deliveroo), self-serve employee onboarding through the app, and partner-led distribution through Bimpli, Trainline, and Enfuce. With 85,000+ corporate clients, 5.5 million end users, 13% share of the French digital meal and gift voucher market, and a $1 billion unicorn valuation achieved via a $200M SoftBank-led Series D in October 2021, Swile sits as the dominant French-headquartered specialist in digital employee benefits.

Name

Swile

Legal name

Swile, société par actions simplifiée

Website

https://swile.co

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Swile is a French employee benefits platform that consolidates meal vouchers, gift cards, mobility, and culture checks into a single smartcard and app, serving 85,000+ companies and 5.5 million users across France and Brazil.

Ownership category

akta.pro rank

Product category

Employee Benefits Management Software

NAICS

Credit Card Issuing (522210), Travel Agencies (56151)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Rewards, Rebates & Program Optimization (Interchange, Supplier-funded) (THACAJAK)

akta.pro secondary industries

Fraud Prevention, Controls & Compliance (MCC controls, AML/KYC, SCA) (THACAJAG), Co-Branded Card & Card-Linked Offers Enablement (Issuer/Network Integrations) (THALAKAI), Accounts Payable Automation & Invoice Payments for Travel Suppliers (THACAJAI)

Keywords

• Employee benefits platform
• Digital meal vouchers
• Corporate expense management
• Smartcard payment solutions
• Business travel booking

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Merchant Commission: Swile charges merchants (restaurants, retailers) a commission on each transaction processed through the Swile card. Commission rates are negotiated individually and specified in Particular Conditions. Merchants receive reimbursement within 24-48 hours after transaction.
2. Enterprise Subscription: Companies subscribe to Swile's employee benefits platform to provide meal vouchers, gift cards, mobility benefits, and travel management to employees. Revenue generated from企业对服务的订阅fee.
3. Bimpli+ Payment Service: Supplementary payment service allowing employees to cover amounts exceeding their voucher balance using preloaded e-wallet funds from personal credit cards.
4. Swile Travel: Business travel booking and expense management services for corporate clients, integrated with Trainline and rail carriers.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

Swile provides an all-in-one employee benefits platform centered on a proprietary smartcard that consolidates dematerialized meal vouchers, gift cards, mobility benefits, and culture checks into a single physical or virtual card. Companies subscribe to issue the Swile Card to their employees and gain access to the Swile App for real-time budget management, plus add-on modules for business travel booking (Swile Travel), expense reports, and CSE committee management. Merchants join an affiliate network to accept Swile payments, with transaction commissions negotiated individually.

Product overview

Swile is an all-in-one employee benefits platform built around the Swile Card—a unified physical and virtual smartcard that consolidates multiple benefit types (meal vouchers, gift vouchers, mobility, culture checks) into a single payment instrument. The platform operates on a platform-plus-modules architecture with the core Swile Card as the foundation, supplemented by additional service modules including Swile Travel (business travel booking), Notes de Frais (expense reports), Swile Insights (employee engagement), Mon CSE (committee management), and Bimpli (an acquired brand offering paper and digital meal vouchers). The platform also includes a personal wallet (Compte Personnel) for supplement payments and supports Apple Pay and Google Pay integration. Swile serves companies in France and Brazil, processing benefits through networks including CONECS for meal vouchers.

Differentiator

Problem solved

Functional benefit

Brands

• Bimpli: A solution of Swile for meal vouchers under paper and/or dematerialized format, also including volunteer meal vouchers, volunteer meal checks, and personalized food support checks under paper format.
• Swile Card
• Swile Travel

Products and services

• Swile Card

Quantifiable outcome

• 33% increase in average basket compared to paper meal vouchers
• +5 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability3 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Trainline Partner SolutionscoreStrategic or Co-development Partner · 30 January 2026Expanded strategic partnership to include additional rail carriers (Renfe, Iryo, Italo) in Italy and Spain, facilitating corporate rail travel across Europe through Swile Travel platform. Integration provides comprehensive booking system for business trips.
• EnfucecoreTechnology or Integration · 12 November 2025Launched next-generation multi-benefit combo card in Brazil targeting over 1 million users by mid-2026. Card allows flexible spending across multiple benefit categories and integrates with digital payment platforms.
• Amazon Web ServicescoreTechnology or IntegrationAWS provides cloud hosting services for Swile data in the European Union, supporting the platform's infrastructure and data security requirements.
• Treezor / Swile PaymentcoreTechnology or IntegrationElectronic money institution (EME) providing payment account services for the Swile card. Treezor is ACPR-regulated (license 16798), with Swile Payment also licensed (license 17508). Handles e-wallet and payment processing.
• OkaritominorStrategic or Co-development PartnerAcquired for €6 million in May 2022. Fourth acquisition in two years, enhancing Swile's business travel expense management services.
• BimplicoreStrategic or Co-development PartnerBimpli integrated with Swile, combining user bases to reach 5.5 million users. Bimpli provides paper and digital meal voucher solutions under Swile ownership, extending merchant network reach.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Emerging players

• Spendesk: French-based corporate spend management platform offering corporate cards, expense management, and AP automation. Overlaps with Swile's Notes de Frais and corporate payment capabilities.
• TravelPerk: Corporate travel booking and expense platform. Direct competitor for Swile Travel, serving similar enterprise HR and finance buyers with overlapping corporate travel functionality.
• Pleo: European corporate card and expense management platform. Competes for similar B2B employer customers seeking modern payment and expense solutions.
• Spendit: European corporate prepaid card and expense management provider. Offers comparable employee benefits and corporate card functionality to Swile across European markets.

Regional players

• Ticket Log (Edenred Brazil): Brazilian arm of Edenred offering fuel, meal, and corporate benefits. Competes with Swile's Brazilian meal voucher and corporate card offerings in Latin America.
• Alelo: Brazilian market leader in meal vouchers (Refeição) and corporate benefits. Direct competitor for Swile's Brazilian expansion with established enterprise relationships and regulatory expertise.
• VR Benefícios (Sodexo Brazil): Brazilian meal voucher and corporate benefits subsidiary of Sodexo. Directly competes with Swile's Brazilian expansion with deep local merchant network and employer relationships.

Direct peers

• Edenred: Global market leader in employee benefits and meal vouchers (Ticket Restaurant). Directly competes with Swile in France and internationally with a far larger acceptance network and established enterprise client base.
• Up (formerly Up Coopérative / Chèque Déjeuner): French cooperative offering meal vouchers, gift cards, and employee benefits. Competes directly with Swile in the French titre-restaurant market with similar product scope.
• Pluxee (formerly Sodexo BRS): Spun off from Sodexo in 2024, Pluxee is a direct competitor in the employee benefits and meal voucher space with global reach and the legacy Sodexo enterprise customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCBxJsy2CPRDiQOlEY2P6RPQ
• LinkedInlinkedin.com/company/swile
• Instagraminstagram.com/swilefrance
• Xx.com/swile

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds5 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Swile