Swap, the commerce operating system, today announced a £75 million Series C co-led by DST Global and ICONIQ, which is doubling down on its initial investment. Having evolved from its early days as a returns-focused platform, Swap expanded into cross-border last year, laying the groundwork for AI-driven commerce infrastructure that allows agents to transact, recommend, and process payments across merchants globally. With this capital, Swap will continue to strengthen its position as a leader in global commerce.
Rapidly expanding its product suite from returns to cross-border, and now to tax and demand planning, the new investment will accelerate Swap's mission to revolutionize how commerce is bought, sold, and exchanged globally. Further, the capital will enable Swap to enter new target geographies and bolster its payments capabilities.
Swap partnered with Ayden to further its expertise within the payments space. Ultimately, these enhanced product offerings will allow brands to make informed logistics decisions - from returns to cross-border - based on real-time insights. This approach will maximize revenue opportunities while helping customers adapt to changing market conditions and evolving consumer behavior.
As Swap enhances its existing operations, planning, and tax offerings, brands will simultaneously gain access to a seamless commerce experience. The company will also use this capital to invest in digital payments and in monetizing transactions to become a clear leader in the purchasing revolution happening within commerce.
This funding news comes just six months after the company's Series B round, which raised $40 million led by ICONIQ to accelerate expansion into the U.S. and EU and open new regions, including Australia and Canada. Swap also plans to enter underserved verticals such as beauty, home goods, and consumer technology.
