Swap banks $40M to build tools for merchants to deal with tariffs and other cross-border trading nightmares

Cross-border trade could become significantly more challenging with the wave of new tariffs getting introduced across different markets. Today, in a timely piece of news, a London-founded startup called Swap — which is building tools for e-commerce companies to better navigate the cross-border trading world — is announcing $40 million in funding to expand.

Iconiq Growth is leading the Series B round, with participation also from Cherry Ventures, QED Investors, Portfolio Ventures, and 9900 Capital. The funding will be used to build on the…