The opportunity: Axonaut saw a chance to further centralize small business operations for over 140,000 users integrating financial management directly into their platform.
The solution: By partnering with Swan, Axonaut embedded payment accounts into their platform, streamlining processes like reconciliation, transfers, and payroll for their users.
The impact: This integration simplifies financial management for over 10,000 clients, allowing Axonaut to offer an all-in-one business tool that automates both operational and financial tasks.
Centralizing business management for small companies
There are a lot of moving parts when it comes to managing a business. Especially in small companies, team members are often tasked with activities beyond the traditional scope of their role. With more than 140,000 users, Axonaut exists to help companies centralize and simplify their daily business operations.
Their platform enables companies to manage invoicing, CRM, cash flow, project management, and pre-accounting via a single interface. But with a desire to build an all-in-one tool that delivers an unbeatable combination of power, efficiency, and simplicity, Axonaut knew they had to bring their customers’ finances into their ecosystem. This is where embedded banking comes in.
Bringing banking into a central business management environment
Traditionally, small businesses had to rely on external banking platforms and manual processes (including messy spreadsheets) for critical tasks like business expenses, payroll, and cash flow management. This created unnecessary complexity and slowed operations, especially for smaller enterprises with limited resources.
Axonaut recognized that managing finances across multiple disconnected tools was admin-heavy and inefficient. And they realized embedded banking could be the key to streamlining these processes.
By integrating payment accounts directly into the platform, Axonaut now offers an all-in-one solution that automates essential financial tasks—such as reconciliation, transfers, and payments—without users having to switch between third parties. Quentin Leymarie, CMO at Axonaut, shares;
“Users now expect their business operations to be centralized. Embedded banking presents an opportunity to bring daily payment activities into our product—saving business time, money, and headache.”
Why embedded banking was the right choice for Axonaut
While there were other solutions—such as open banking— they didn't provide the same level of integration and user experience that embedded banking could offer. Axonaut needed a solution that would allow full control over their customers’ financial tools. They needed features like personalized spending limits for employee cards and automatic scheduling of payments to improve cash flow management. This is made possible with embedded banking.
Thanks to a strategic partnership with Swan, Axonaut has enriched its offering by adding a professional account that seamlessly connects its management tools to its customers’ finances. This synchronization allows Axonaut to offer high-impact workflows such as automatic reconciliation without third-party aggregators and the ability to schedule the payment of expenses and salaries to manage cash flow.
Making business banking more affordable
Axonaut’s professional account is included in their standard subscription and integrates with the platform’s other tools; making it a unique offer on the market. Unlike traditional banking offers, Axonaut does not charge any fees for opening an account, creating cards, account maintenance, or SEPA transfers. Quentin Leymarie, CMO at Axonaut, explains;
“We firmly believe that every small business deserves easy and affordable access to high-quality financial tools, and our professional account is designed to meet this need. With advanced features and ease of use, we are convinced that the Axonaut Pro Account will quickly become an essential part of our users’ financial management.”
Axonaut’s commitment to affordability is made possible, in part, by Swan’s innovative revenue-sharing initiative. While Axonaut offers its professional account at no extra cost, they still need a long-term model that is financially viable.
Through Swan’s embedded banking infrastructure, Axonaut earns a share of the revenue generated from transactions processed through the platform, offsetting the costs of maintaining the accounts. This strategic partnership allows Axonaut to offer a feature-rich, seamless business banking solution without passing the costs onto their customers. The result is a win-win for both Axonaut and the small businesses they serve.
"The Axonaut Pro Account will quickly become an essential part of our users’ financial management.”
Streamlining 10,000 small businesses and beyond
By choosing Swan as their banking partner, Axonaut was able to deliver a reliable, sophisticated banking infrastructure that matched their commitment to simplicity and ease of use. With over 10,000 customers issuing more than 2 million invoices each year from the platform, Axonaut is establishing itself as an essential pillar of the digitalization of small businesses. Swan looks forward to helping them build out their comprehensive suite of features using the power of embedded banking.
