Treezor records a 200% turnover growth in 2019, stays leader on the French market
24 January 2020
The company acknowledged a record turnover of almost 19 million euros – 3 times more than in 2018. The Fintech has also issued more than 850,000 Mastercard payment cards since its launch.
- Treezor triples its turnover in 2019
- Treezor has noticed a 4x transactional volume growth
- Treezor clients’ successes validate its strategy and model
Treezor, a platform specialized in Banking-as-a-Service (or BaaS) launched in 2016 and acquired in 2019 by Societe Generale Group, looks back on the strong growth it has recorded over the last financial year. The company acknowledged a record turnover of almost 19 million euros – 3 times more than in 2018. The Fintech has also issued more than 850,000 Mastercard payment cards since its launch.
Treezor, now a team of 77 talents (40% of whom are women, an increasing figure), and which has just opened a new office in Brittany, will continue its expansion in 2020 with new branches in Europe, Italy and Spain being the main targets. These investments allow Treezor to strengthen its leadership position in the French market on the one hand, while developing its pan-European strategy on the other. Since 2019, Treezor already offers its products in several European countries, with new customers in Belgium, Spain, the Netherlands, Italy …
« We are very pleased to see such growth of our activity and the one of our partners. What a pride to see new record high funds raised for French Fintech, in particular with two of our oldest clients! It confirms the relevance of our model, which is based on the pooling of payment services by API, unique electronic payment and regulatory expertise, and financial solidity. We worked in 2019 to provide solutions to the problem of exponential growth of our partners. This has proven to be effective, and in 2020 our development strategy is moving towards ever more innovation with the launch of new disruptive pan-European services within the platform» – Éric Lassus, Treezor CEO and co-founder.
Treezor, a fintech enabler
Treezor offers its white label payment services through an API to facilitate the management of transaction flows (cards, transfers, direct debits), customer identification (KYC, KYB) and remote account opening. It now has 60 companies in its portfolio – compared to 35 in 2018.
Among its customers, the company works with many diamonds of the French Fintech ecosystem, including three members of the French Tech 120 index launched by the French government in January 2020: Lydia *, Qonto* and Lunchr – or even Libeo, best Fintech 2019 according to Finance Innovation.
The platform, designed to support companies in carrying out complex payment projects, is a catalyst for innovation and the digitalization of means of payment. This is what made it a startup of major interest for Societe Generale Group, and synergies quickly started between the two entities with already three projects launched with the Group in 2019, including the neobank Prismea intended for professionals which seems to be a shining example.
* Lydia and Qonto raised 40 million euros and 104 million euros respectively with Tencent as investor.
Founded in 2016 by Éric Lassus and Xavier Labouret, acquired in 2019 by the Société Générale group, Treezor is a French Fintech specialized in Banking-as-a-Service services. The Fintech is a Mastercard Principal Member and an Electronic Money Institution approved by the French regulator (ACPR), enabling it to offer its solutions in Europe. Treezor allows startups, companies and financial institutions to cover the entire payment chain (payment cards issuing, SEPA, P2P transfers, KYC …) through its API. As a young and innovative company, Treezor devotes a significant part of its resources to developing new technologies.