The Crédit Agricole group is offering the fintech Linxo with which it has been in partnership for several years. This majority stake is part of the bank’s project “Make payments a major lever of loyalty and conquest”.
Specialized in the pooling of bank data, Linxo allows you to gather all of your bank accounts in its application. In addition to its consumer application, Linxo offers APIs as well as complete white label solutions for aggregating bank data.
According to The echoes, the group takes over, a priori, the securities hitherto held by Crédit Mutuel Arkéa. Crédit Mutuel Arkéa, which last year offered 80% of the company Budget Insight, publisher of Budgea, an account aggregator competing with Linxo.
For Bruno Van Haetsdaele, president of Linxo Group, “ this operation allows us to speed up and strengthen our services to the Crédit Agricole group while having the opportunity to develop our offer in France and abroad. “
Announced in a press release, this acquisition must still receive authorization from the French Prudential Supervisory and Resolution Authority.
– .