Blueprint Partners acted as sole Sell-side Financial Advisor
Paris, September 27th, 2018 – Blueprint Partners announces the acquisition of Treezor by Société Générale, subject to approval by the French Regulator (ACPR).
Treezor provides real-time core-banking system, payment, KYC and personalised card program. Treezor has developed an innovative payment platform in collaboration with its clients (retailers, neo-banks, client to client and crowdfunding platforms) via APIs. Treezor is an electronic money issuer with payment services accredited by the French regulator (ACPR), a principal member of the Mastercard network and part of the SEPA network. Founded in 2015, this Fintech was born from the meeting of Grégoire Bourdin, Eric Lassus and Xavier Labouret, and teams from investment company BJ Invest, specialist in digital payments. The company offers services to 30 licensed and unlicensed Fintechs. Over the past two years, Treezor grew exponentially to manage up to €3 billion in transaction flow annually and issued 300,000 payment cards.
“This acquisition is part of our open innovation strategy and collaboration between Fintechs and banks. Société Générale will support the growth of Treezor’s clients and the transaction will foster the collaboration between our businesses and Fintechs”, says Claire Calmejane, Chief Innovation Officer, Société Générale.
“The strength of our value proposition is our ability to anticipate our clients’ needs with a particular focus on the Fintech market. This partnership with Société Générale will consolidate our leading position in Europe and support our ambition to address even the most demanding projects. This development will increase our offer and our capacity to industrialise”, says Eric Lassus, CEO, Treezor.
“Thanks to its innovative Banking as a Service Platform, its leading position in the French Fintech Ecosystem and the hyper-growth of its activity, Treezor has immediately raised the attention of the leading French banks. Société Générale proposed the best project to all the stakeholders and won their support” says Marc Chancerel, Partner, Blueprint Partners.
With this Transaction, Blueprint Partners confirms its expertise and its recognition in Payment as well as in vertical Enterprise SaaS solutions.