Adrian Johnson
TLDR:
- Ageras has entered into an exclusive agreement with Societe Generale to acquire Shine, becoming a leading European provider of banking and accounting software for SMEs.
- This acquisition would strengthen Ageras’ position in Europe and France, offering a complete financial solution for small businesses.
Ageras, a leading provider of accounting software and admin tools for SMEs, has announced an exclusive agreement with Societe Generale to acquire Shine, a French SME fintech. This acquisition would be Ageras’ largest and most significant to date, enhancing its comprehensive suite of services for small businesses.
With the addition of Shine, Ageras aims to provide a complete offering for small businesses in France, from company formation to invoicing, accounting, and daily banking. The transaction is expected to strengthen Ageras’ position as a leading European provider of banking and accounting software for SMEs.
Shine, founded in 2017, is a leading fintech in France offering a full daily banking service to SMEs, along with features such as invoicing, payments, and company formation. With over 100,000 customers, Shine has been recognized for its stellar customer support and transparent pricing.
The SME market in France is growing rapidly, with approximately 4.2 million SMEs accounting for 99.9% of all businesses. Ageras aims to simplify the administration for small businesses and enable them to focus on running their business effectively.
This acquisition marks a significant step for Ageras in its strategic plan to build a pan-European champion in banking and accounting software. The transaction is subject to regulatory approvals and is expected to close in the first half of 2025.
