Swallow is a technology company.
Swallow has raised $1.0M across 1 funding round.
Swallow has raised $1.0M in total across 1 funding round.
Swallow has raised $1.0M in total across 1 funding round.
Swallow's investors include ACME Capital, Catapult Capital, Connect Ventures, CRV, Double Prime LLP, Earlybird Venture Capital, Embedded Ventures, Jigsaw VC, Passion Capital, Picus Capital, The Fintech Fund, Dileep Thazhmon.
Swallow is a modern no-code pricing platform designed specifically for the insurance industry, enabling pricing teams to manage, build, test, and deploy pricing models efficiently.[1] It serves insurance companies by accelerating product launches and addressing the complexities of financial pricing, with a focus on simplifying price changes that are often time-consuming in traditional setups.[1] Founded in 2022 and based in London, the company emerged from real-world frustrations in insurtech, showing early promise in a competitive landscape alongside tools like Earnix and Atidot.[1]
A separate, longer-established entity called SwallowTech (or Swallow Technology Limited) provides integrated software solutions for financial services, emphasizing straight-through processing (STP), operational efficiency, cash management, reconciliation, anti-money laundering, and more.[2][3][4][5] Operating since 1984 with around 16 employees and $6 million in annual revenue, it targets broader financial operations rather than insurtech-specific pricing.[2][3]
The insurtech Swallow was founded in 2022 in London by individuals including James Rimmer, who drew from his experience as CTO at By Miles, the UK's largest pay-by-mile car insurer (sold to Direct Line Group in 2023).[1] Rimmer's frustrations with complex, slow financial pricing models firsthand inspired the no-code platform to streamline these processes for insurers.[1]
SwallowTech, incorporated as Swallow Technology Limited on May 6, 1986 (originally Beararm Limited), has evolved as a steady provider of financial software, now led by CEO Tony Waszkiewicz.[3][5] With a focus on integrated modules for cash reconciliation, treasury, and compliance, it has maintained operations from London addresses, achieving consistent revenue growth to $6 million by 2024.[2][3][5]
Swallow rides the insurtech wave of AI-driven personalization and rapid pricing amid rising competition and regulatory demands, where outdated models slow innovation—its 2022 timing aligns with post-pandemic digital shifts in insurance.[1] By simplifying pricing, it influences ecosystem efficiency, competing with established players like Earnix (2001) while enabling faster market responses to telematics and health trends.[1]
SwallowTech anchors legacy financial services modernization, capitalizing on persistent needs for compliance and reconciliation in a high-volume transaction world influenced by fintech regulations and STP mandates.[2][3] Its enduring presence supports the ecosystem's backbone, minimizing costs in areas like anti-money laundering amid evolving global standards.[2]
For Swallow, expect accelerated growth through insurtech partnerships and AI enhancements, shaped by trends in real-time pricing and embedded insurance—its early momentum positions it to capture share from slower incumbents.[1] SwallowTech will likely expand modules for cloud-native finance, benefiting from steady demand in reconciliation and AML as transaction volumes surge.[2][3]
Both embody financial tech's dual paths: Swallow's agile disruption versus SwallowTech's reliable infrastructure, together advancing efficiency in a sector ripe for streamlined operations.[1][2]
Swallow has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in September 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2023 | $1.0M Seed | ACME Capital, Catapult Capital, Connect Ventures, CRV, Double Prime LLP, Earlybird Venture Capital, Embedded Ventures, Jigsaw VC, Passion Capital, Picus Capital, The Fintech Fund, Dileep Thazhmon, Eric Demuth, Francesco Simoneschi, Shervin Pishevar |