Swoop
Overview
Swoop Funding is a finance platform designed to help small and medium enterprises (SMEs) access various funding sources, including loans, equity finance, and grants. Founded in 2018 by Ciaran Burke and Andrea Reynolds, Swoop is headquartered in London, UK, and operates in several countries, including Ireland, the US, and Australia. The company has successfully raised approximately €16.8 million ($20 million) to date. Swoop aims to simplify the funding process for businesses by aggregating financial data and connecting businesses with appropriate funding opportunities.
Recent Developments
- August 2025: Swoop received recognition for its product innovations, winning the MarTech Breakthrough Award for "Best AdTech Privacy Solution" in healthcare marketing. This award acknowledges Swoop's commitment to data privacy while delivering targeted marketing solutions.
- January 2025: Swoop acquired MyHealthTeam, an online patient community, enhancing its capabilities in providing pharmaceutical companies with targeted patient and provider engagement strategies.
- January 2025: Swoop secured a strategic investment from Sandbox Industries, a venture capital firm specializing in the insurance sector, to bolster its expansion efforts in the US market. This aligns with Swoop's broader strategy to cater to the substantial SME market in America.
- July 2024: Swoop partnered with Compare the Market to enhance SME access to finance by integrating funding solutions into the latter's platform. This partnership aims to address the finance accessibility challenges faced by UK SMEs.
- May 2024: Swoop was recognized at the Business Elite Awards as the "Best Bespoke Funding Search Company," highlighting its innovative approach to providing tailored funding solutions among a wide range of financiers.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2018 |
| Headquarters | London, United Kingdom |
| Founders | Ciaran Burke, Andrea Reynolds |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Capability and Innovation Fund, Nesta, Sandbox Industries |
| Industry | Financial Services |
| Number of Employees | 45 as of 2022 |
Early History
Swoop was established in 2018 by Andrea Reynolds and Ciaran Burke with the vision to simplify and democratize access to finance for SMEs. Initially, the company started as a virtual CFO for its clients, aggregating financial services into a single, easy-to-use platform. By 2020, Swoop had started making waves in the finance sector, securing key partnerships and investing in technology to integrate financial data more efficiently. The founders leveraged their experience in finance and tech to build a service-oriented platform that could serve diverse sectors including agriculture and pharmaceuticals.
Company Profile and Achievements
Swoop Funding offers an advanced platform that combines artificial intelligence and financial data to match businesses with suitable funding options. Its key service areas include:
- Loan and Equity Finance: Swoop provides access to a broad range of funding options from loans to equity finance, by leveraging its vast network of thousands of funding providers.
- Financial Optimization: The platform also assists businesses in optimizing operational spendings, such as better energy deals or banking solutions.
- Awards and Recognition: Swoop's innovative platform has garnered significant recognition, winning multiple awards for its solutions, notably in the fintech sector.
- Global Expansion: The company has expanded into markets such as the US, where it leverages its unique position to bridge the $1.2 trillion financing gap faced by SMEs.
Current Operations and Market Position
Swoop currently holds a significant position within the SME financial services domain, particularly in the UK and Ireland. By connecting SMEs with over 1,000 funding providers, Swoop provides tailored financial solutions that are essential for business growth. The firm continues to enhance its platform's capabilities by integrating AI-driven insights that offer predictive financial planning and risk assessment tools, aimed at making businesses more resilient in fluctuating economic conditions. Swoop's comprehensive service offerings also include virtual CFO services and strategic partnerships with tech giants such as Sage.
Conclusion
Swoop has positioned itself as a key player in the SME financial landscape, helping businesses navigate the often complex world of finance with ease. The company's commitment to innovation, alongside its robust funding solutions, have made it a go-to platform for businesses looking to scale. As Swoop continues to expand its global footprint and improves its platform's technological capabilities, it is poised to further revolutionize SME finance accessibility and drive economic growth across its operational markets.