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Swap

10 known investors

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Swap is a Banking-as-a-Service (BaaS) infrastructure provider that lets B2B businesses build and launch white-label financial products such as digital accounts, payment methods (Pix, Boleto, TED), card issuance, and risk/compliance tooling via APIs or no-code portals. It focuses on large B2B companies and specific verticals in Brazil and Latin America.

Founders & leadership

DSDoug Storf
Doug StorfCo-founder & CEODoug Storf is co-founder and CEO of Swap, a Banking-as-a-Service platform providing financial infrastructure for B2B businesses in Latin America. He has over 20 years of experience in management consulting, product development, technology, and financial services.
URUry Rappaport
Ury RappaportCo-founder & CRO
AWAlexandre Winandy
Alexandre WinandyPartner & COO

Investors · 10

Also in the syndicate · 1

9900 Capital LP

Funding

SEC filings, press & company announcements

$200M disclosed across 2 rounds · 2026

Source: company announcements and press reports — follow each round's link for the claim.

Frequently asked questions

What does Swap do?
Swap is a Banking-as-a-Service (BaaS) infrastructure provider that lets B2B businesses build and launch white-label financial products such as digital accounts, payment methods (Pix, Boleto, TED), card issuance, and risk/compliance tooling via APIs or no-code portals. It focuses on large B2B companies and specific verticals in Brazil and Latin America.
Who founded Swap?
Swap was founded by Doug Storf, Ury Rappaport.
Who are Swap's investors?
Swap's investors include FJ Labs, Onevc Venture Partners Llc, Soma Capital, Cherry Ventures, DST Global, ICONIQ, ICONIQ Capital, Portfolio Ventures and 1 more.
How much funding has Swap raised?
Swap has disclosed $200M raised across 2 rounds.