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Development 02 July 2015

Edenred acquires an equity interest in Finsquare

Edenred, the Aviva France and Virtual Network SA groups acquire a €1.5 million stake in Finsquare.

The first P2B crowdfunding platform for short-term loans, Finsquare has affirmed its ambition of becoming the leader on the French business lending market. 

To sustain its growth, only six months after it was launched, Finsquare decided to launch a fundraising campaign with the support of Edenred by way of Edenred Capital Partners, the group's alternative investments department

This fundraising will allow Finsquare.fr to expand its business aimed at very small businesses, SMEs and private individuals, consolidate its teams and develop its credit scoring* technologies. 
This investment is consistent with Edenred's development strategy on the market of small businesses and SMEs.

* Credit scoring consists in assessing credit risk through a statistical score.

Edenred Capital Partners, the Corporate Venture Capital investment arm of Edenred group

The mission of Edenred Capital Partners is to manage and advise Edenred’s direct minority investments, usually alongside other investment funds. The structure targets start-ups with high growth potential offering an innovative product or service related to Edenred's core business.

To date, €7 million have been invested by the Group.

Learn more about Edenred Capital Partners

About

Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 60 million users and more than 2 million partner merchants in 45 countries via close to 1 million corporate clients.

Edenred offers specific-purpose payment solutions for food (such as meal benefits), engagement (such as gift cards and engagement platforms), mobility (such as multi-energy solutions, including EV charging, maintenance, toll and parking) and corporate payments (such as virtual cards). 

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency,and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and sustainable mobility.

Edenred’s 12,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.

In 2023, thanks to its global technology assets, the Group managed €41 billion in business volume, primarily carried out via mobile applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40, CAC 40 ESG, CAC Large 60, Euronext 100, Euronext Tech Leaders, FTSE4Good and MSCI Europe.

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