Showing posts with the label Swile

Swile raises $78.7 million for its corporate lunch card and benefits app

French startup Swile , the startup formerly known as Lunchr, raised a $78.7 million (€70 million) Series C round a few months ago. The startup wants to manage all your corporate benefits and improve team building in general. Index Ventures is leading the round, Bpifrance and Idinvest are also participating. Index Ventures already led the company’s Series B round. The company first launched a payment card for your lunch. In France, companies have to contribute to lunch when it’s in the middle of a workday. Some companies offer a cafeteria with cheap meals, others hand out meal vouchers. Until recently, those meal vouchers were made out of paper. The vast majority of restaurants accept those vouchers as a payment method. Legacy meal voucher companies started offering prepaid cards that are specifically designed to work in restaurants and stores that participate in the network. Swile took advantage of that shift to offer a card that works better than what legacy players offer. For

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