Shares Completes Acquisition of Treezor From Société Générale, Targeting €100 Million Revenue by 2027
The deal combines Treezor's banking-as-a-service infrastructure — accounts, cards and payments — with Shares' investment and savings technology, forming a group the companies say will offer integrated financial infrastructure to European businesses and institutions. Treezor will keep operating under its own brand.
PARIS — Shares, a European investment and savings technology company, said it has completed the acquisition of 100% of Treezor from Société Générale, the French banking group that had owned the banking-as-a-service provider. Financial terms of the transaction were not disclosed by either party.
The combination pairs Treezor's infrastructure for accounts, card issuance and payments with Shares' investment and savings technology, with the companies describing the resulting group as aiming to offer end-to-end financial infrastructure to European businesses and financial institutions from a single provider rather than requiring customers to stitch together separate banking and investment technology vendors. Treezor will continue to operate under its own brand rather than being absorbed into Shares' name.
The companies have set a target of reaching €100 million in combined revenue and profitability by 2027, though that figure is a forward-looking target rather than a reported result, and neither company has published current standalone revenue figures to benchmark progress against. The deal is one of several moves this year by European banks to divest fintech infrastructure units they built or acquired in earlier years, as banking-as-a-service providers increasingly consolidate under specialist fintech owners rather than remaining inside large banking groups.