Treezor, the European leader in Banking-as-a-Service (BaaS), obtains authorization from the ACPR to expand its activities and now has all the payment service licenses (from 1 to 8).
The new authorizations (i.e. 1, 4, 6, 7 and 8) mean Treezor can now offer:
- cash deposits with a network
- execution of payment transactions carried out with a payment card or a similar system associated with a credit facility
- execution of transfers associated with a credit facility
- fund transfers
- payment initiation service
- account information service
These new payment services enrich the offer that Treezor has been providing since 2016, making the BaaS champion the first French Payment and Electronic Money Institution with all the payment services licenses.
Supporting the emergence of tomorrow’s payment leaders
In 2021, the company celebrated its fifth year of activity since obtaining its authorization from the ACPR as a Payment and Electronic Money Institution. Treezor’s figures indicate positive growth: it now has more than 100 customers, has doubled its transaction volume to €25 billion
, is recruiting +50% new employees per year, and opened 4 new offices in Europe (Germany, Benelux, Italy and Spain).
Through new use cases, the authorization extension represents additional drivers of growth. Treezor’s clients can now integrate new features into their own offers: deferred payment, aggregation of various external accounts, initiation of transfers (standard and instant) or cash deposits.
In regards to cash use, Treezor can now offer invoice payments or cash purchases. In addition, by relying on the large network of tobacco shops in France, Treezor will also be able to simplify cash deposits and withdrawals for its clients’ customers, and thus compensate for the closure of bank branches, particularly in rural areas.
The extension of the ACPR’s authorization is a real advantage and will certainly allow Treezor to support the emergence of future European unicorns.
Integrating all payment methods into the process
Treezor thus strengthens its position as a
“One-Stop Shop
” for companies implementing a payment project and wanting to outsource technical and regulatory aspects to an expert.
These new products have been developed to be embedded seamlessly into the customer’s user experience. For example, Treezor can now simplify the process of topping up their accounts or paying a bill.
Treezor will also rely on its large number of active cards to offer high value-added services, such as split payments (Buy Now, Pay Later or BNPL).
Eric Lassus, CEO and Co-founder of Treezor, emphasizes, “This authorization extension enables Treezor to strengthen its unique position in the payment industry and confirms our European ‘One-Stop Shop’ strategy for the most ambitious projects. We are proud to be the first French Electronic Money Institution to offer its customers a complete and unprecedented range of services. Having all the payment services authorizations regulated by the ACPR with the level of compliance and risk management requirements of Societe Generale group enables Treezor to have a solid and sustainable growth dynamic.”
