After several years of technological development and strong growth across the investment and savings markets, Shares announces that it has entered into exclusive negotiations with Group Société Générale with a view to acquiring 100% of the share capital of Treezor, a subsidiary of the banking group. Treezor is a leading Banking-as-a-Service player in Europe and has processed more than €130 billion in transaction flows and issued over 8 million cards across several European markets.
This proposed transaction, subject to the execution of definitive agreements, to applicable social procedures and the receipt of prior regulatory approvals, represents a key milestone in Shares’ strategic trajectory. In 2024, Shares expanded beyond its retail investment offering to provide technology to institutions in the wealth management and savings markets.
In a banking sector undergoing profound change, and with Banking-as-a-Service historically focused on payment-oriented use cases (banking, accounting tech, prop tech, and employee benefits), this merger aims to extend this model to the savings and investment markets. By combining its investment solutions with Treezor’s embedded finance offering, Shares aims to build a comprehensive, fully digital financial services platform to support the modernisation of financial institutions.
Subject to completion of the transaction, the proposed combination would create significant strategic value for both parties. Treezor would scale and enrich its platform, broadening its addressable market beyond core banking to include high-value savings and investment products. In parallel, the integration of Shares’ solutions would strengthen the newly formed group’s overall offering, delivering an end-to-end financial stack combining accounts, payments, savings, and investing.
“The entry into exclusive negotiations with Société Générale with a view to acquiring Treezor is a major step forward for Shares. Our objective is to build a solid and durable group capable of delivering a full range of financial solutions and playing a structuring role in the evolution of European digital finance.”
— Benjamin Chemla, CEO and co-founder of Shares.
Subject to completion of the transaction, Shares aims to become one of the leading players in the consolidation of European digital finance, in line with its mission to broaden access to investment.
About Shares
Founded in 2021, Shares is a fintech building integrated investing and savings solutions for individuals, wealth professionals and institutions.
Since its inception, Shares has completed three funding rounds, raising a total of $90 million from Valar Ventures, Singular, Global Founders Capital, and Red Sea Ventures, to accelerate its development and the build-out of its end-to-end technology platform. Tennis champions Serena and Venus Williams have also joined the company as brand ambassadors. Shares currently employs 110 people with offices in France, the United Kingdom, and Poland.
In June 2023, the Shares Group became the first French fintech to simultaneously obtain an investment services provider license and a digital asset service provider registration, granted respectively by the Autorité de Contrôle Prudentiel et de Résolution and the Autorité des Marchés Financiers.
Building on its initial retail investing offering, Shares has expanded its services to include the Wealth and Savings markets. In 2024, the company introduced Shares Pro, an end-to-end solution for wealth managers, and entered into a major partnership with AXA to develop a new employee savings offering. Shares is a member of the French Tech 120 programme.
