Ageras Eyes Pan-European Expansion After Shine Acquisition

Ageras, the Danish fintech platform, has secured approval from the French banking regulator ACPR, completing its acquisition of Shine, a French business banking platform. This strategic move not only marks a significant expansion for Ageras in France but also grants them a crucial payment institution license, enabling them to extend Shine’s services across Europe. The acquisition comes after a divestment by Société Générale and is part of Ageras' pan-European aspirations to become a key player in the SME banking and financial tech sectors. The CEOs of both Ageras and Shine emphasize the integration's potential to provide robust banking and administrative services, aiming to simplify business operations for SMEs throughout Europe. This acquisition marks Ageras' largest to date and builds on their already substantial investor backing. With this new alignment, Ageras and Shine aim to serve over 300,000 customers collectively, leveraging Shine’s local expertise in France and Ageras’ broad fintech platform capabilities. The transaction is part of a larger strategy to bring their tech-driven financial solutions to new markets and broaden their reach within the European financial ecosystem.