Shares completes the acquisition of banking-as-a-service platform Treezor from Société Générale

French fintech Shares has completed the acquisition of 100% of Treezor from Société Générale, for an undisclosed amount, after entering exclusive negotiations in January. Cédric Cassini, previously Treezor's chief revenue officer, becomes general manager.

Founded in 2021 and led by co-founder and CEO Benjamin Chemla, Shares began as a retail investing app and now provides regulated investment and savings infrastructure. Treezor, bought by Société Générale in 2018, is one of France's first banking-as-a-service platforms: an e-money institution licensed by the ACPR and passported in 25 EU countries, providing accounts, cards and payments to fintechs.

The combined group targets profitability and about €100 million in revenue in 2027, Chemla told AFP. The sale follows Société Générale's disposal of neobank Shine in 2024.

The read: investing infrastructure buying the payments rail, to sell banks and fintechs a full stack.