Swile announced that it has raised €175 million in a round of funding led by new investor SoftBank Group Corp. on October 11, 2021. The transaction included participation from new investors Hedosophia Services Limited, Headline, returning investors Eurazeo SE, Index Ventures SA, and Bpifrance Investissement SAS.

As part of the transaction Michel Combes from SoftBank Group Corp had joined the company's board. The round is raised at a post-money valuation of $1,000 million (€863,740,000) or more. The company issued common shares in the transaction.