Swile achieves profitability and wants to accelerate on business trip

French fintech Swile reached a course in 2024: for the first time, it became profitable over a full year. A result that marks a new stage in its development and accompanies its diversification ambitions, particularly in the business travel sector.

FACTS

• In 2024, Swile recorded EUR 2 million net profits, compared with 64 million losses the previous year. Its Ebitda increased by 257 %, reaching EUR 36 million, for an increase of 25% (€204 million).
• This performance is based in particular on the integration of Bimpi, bought in 2022, which allowed Swile to consolidate its offer to companies of all sizes.
• With 85,000 customers and 5.5 million users, Swile accelerates the development of its new vertical "Swile Travel", dedicated to business travel and fee management, with already 2,000 customers conquered.
• The company aims to manage 100 million euros in business volume via Swile Travel as early as 2025, and is considering expansion in Europe and South America.

ISSUES

• New growth phase: profitability allows Swile to finance its strategy without relying on external investors, paving the way for organic expansion.
• Diversification of the Economic Model: With Swile Travel, the company has a growth relay beyond the restaurant-titles, targeting up to a third of turnover.
• International ambiance affirmed: Swile is preparing to enter new markets in Europe and South America, potentially supported by acquisitions.
• Positioning in the French Tech: The company wants to embody a new generation of solid, profitable and global French scale-ups.

PERSPECTIVE

• Swile joins the trend of profitable fintechs: Like Qonto or LydiaSwile illustrates the turning point taken by several French unicorns, which now favour a sustainable and self-financing model, beyond the single race for growth.
• A business travel market in recomposition: Swile is investing in a sector that is still little disrupted by fintech. With an integrated approach to the management of travel and professional costs, it follows a logic similar to that of solutions such as Spendesk or TravelPerk.

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