Swan vs Treezor
Verified facts in one table - licence, EEA data residency, rails, cards and published pricing. Shared ground: BaaS, Card issuing software, IBAN sponsor, BIN sponsor. No verdict - which one fits depends on your build, and that is what the match request is for.
The facts, side by side
Every row comes from the source-verified catalogue - blank means not documented at source, not absent. Full context on each profile.
| Swan | Treezor | |
|---|---|---|
| Origin | EU core (France) | EU core (France) |
| EEA data residency | Yes | Yes |
| Licence type | EMI | EMI |
| Status | Active | Watch - SocGen in exclusive talks to sell Treezor to Shares (2026) |
| Verified | Verified 2026-07-19 | Verified 2026-07-19 |
| Product categories | BaaS, Card issuing software, IBAN sponsor, BIN sponsor | Card issuing software, BIN sponsor, IBAN sponsor, BaaS, Issuer processing, Tokenization – X-Pays |
| Local IBAN country codes | FR; DE; ES; IT; NL; BE | FR |
| Payment rails (documented) | SCT; SCT Inst; SDD Core; SDD B2B | SCT; SCT Inst; SDD Core; SDD B2B |
| Account model | Dedicated | Virtual; Dedicated |
| Account currencies | EUR | EUR |
| Card issuing reach (BIN) | EEA - Yes | EEA - Yes |
| Card settlement currencies | EUR | EUR |
| Card products | Prepaid; Debit | Prepaid; Debit |
| Card schemes | Mastercard | Visa; Mastercard |
| Published entry price | not published (sales-led) | not published (sales-led) |
How to read the sovereignty rows: EEA data residency explains Yes / Partial / No, the sovereignty framework covers origin and ownership, and the card-scheme map explains why the scheme row looks the way it does. Pricing context: what is published vs negotiated.
FAQ
What licences do Swan and Treezor hold?
Swan operates as an e-money institution (EMI) headquartered in France; Treezor as an e-money institution (EMI) headquartered in France. Both are verified at source, and their official register entries are linked from their profiles.
Do Swan and Treezor keep data in the EEA?
Swan runs fully on EEA data rails (EEA: Yes). Treezor runs fully on EEA data rails (EEA: Yes). What Yes / Partial / No mean - and why an EEA data centre alone is not the whole answer - is explained in the EEA data residency guide.