Loic Soubeyrand co-founded Teads before starting a second company in 2016. It was called Lunchr and began as an app to pre-order lunch.
Lunchr moved into meal vouchers, which in France were still largely paper, and launched a card on the Mastercard network. Daphni invested about €2.5 million in January 2017, Idinvest €11 million in 2018, and Index Ventures and Kima €30 million in February 2019. In March 2020 the company was renamed Swile.
A €70 million round followed in 2020 and a $200 million round in October 2021 valued Swile above $1 billion. In 2021 it signed a deal to equip about 62,000 Carrefour employees.
Revenue reached €56.6 million in 2023 and €171 million in 2024. The company says it has been profitable since the fourth quarter of 2023. It is based in Montpellier.