Retreeb is reinventing payments by automatically redistributing 33% of commissions generated through daily purchases to ethical and solidarity-based projects. The fintech has chosen UNITLIFE, the UN’s global initiative to fight inequality, as its first partner in order to finance sustainable food systems.
For this project, Retreeb will rely on the leading Banking-as-a-Service provider – Treezor – a turnkey white-label solution offered to companies wishing to provide payment services to their own customers by embedding the tech, regulatory and security aspects. Treezor, which has more than 100 customers including fintechs and large companies, will ensure the off-chain financial flows (data from external sources) generated via Retreeb’s ethical payment app.
“We are very pleased to launch this collaboration with Treezor. Thanks to their proven and constantly evolving solutions, the management of Retreeb’s off-chain flows will be secure and simultaneous with our on-chain flows. This will allow us to offer a global ethical payment chain to our users” explains Jeremi Lepetit, CEO of Retreeb.
Treezor has positioned itself as a key player in the Embedded Finance industry and is actively participating in the development of innovative solutions that improve the payment experience of users. Its services offered completely via API cover the entire payment chain from issuing to acquiring.
“We are thrilled to incorporate our solutions in an alternative, responsible and sustainable payment project such as Retreeb. Our partnership also represents a new opportunity to participate in the development of innovative payment experiences through blockchain, QR Codes or contactless payments” says Cédric Cassini, Chief Commercial Officer of Treezor.
This core partnership between two innovative Fintech players concretely expresses the ambition to turn payment technology into effective tools for the common good in the spirit of “blockchain for good”.
Founded in 2019 by Jeremi Lepetit, Sayah El Yatim, Stéphanie Flacher and Quentin Lepetit, Retreeb is an ethical and solidarity-based mobile payment app which donates 33% of commissions generated by purchases to social projects. Based on an innovative tech infrastructure, Retreeb is a simple and secure solution for anyone who wishes to be more responsible in their daily consumption while contributing to reinventing the financial system. The Franco-Swiss start-up raised $1.7 million via an ICO in February 2022 and will launch its solutions in the coming months.
Founded in 2016 by two French entrepreneurs, Eric Lassus and Xavier Labouret, Treezor is a regulated Fintech authorized to operate in 25 countries as a Payment and Electronic Money Institution and also a key member of international card networks.
Acquired in 2019 by Societe Generale group, Treezor is the European leader in Banking-as-a-Service with a presence in France, Germany, Benelux, Italy and the Iberian Peninsula. Its packaged “embedded finance” solution enables companies to integrate white-label payments into their offer, without any constraints, by outsourcing all the technical aspects via API (from acquiring to issuing), the security aspects (KYC) and the regulatory aspects (Compliance, AML-CFT, etc.) to an international team of experts.
Treezor is a “Unicorn farmer” that has supported the emergence of many European payment unicorns.