Paris-based Epsor raises €20 million to become market leader in employee savings sector

Today Epsor, a company specialized in employee and retirement savings plans, announces its Series B round of €20 million, led by Gaia Capital Partners, with participating from Augmentum Fintech. Epsor’s historic shareholders, Partech and BlackFin Capital Partners, also participated, reaffirming their commitment and confidence in Epsor.

The company intends to use the fresh funds to continue growing its key accounts and extending its range of services, particularly in the area of responsible savings. Epsor’s ambition is to become the preferred partner for all companies aiming to rekindle employee motivation through value sharing tools.

Founded in 2017, Epsor offers a new-generation of employee savings and retirement solutions. Epsor combines technology and proximity to offer tailor-made financial advice to employees and meet their expectations thanks to its robo advisor and access to real financial advisors.

Covering all types of company savings schemes available in France (employee savings plans, collective retirement savings plans, mandatory retirement savings plans), Epsor offers employees personalized advice, as well as an investment profile and tools to suit them and their objectives (security, yield, social and environmental impact, targeting of SMEs, etc.).

We support companies that already have employee and retirement savings plans and wish to offer tailor made support and advice to their employees as well as rekindle their motivation. Epsor allows its clients to modernize the approach while placing their employees at the heart of the process. We go beyond a purely transactional approach in order to provide a more personalized experience that allows savers to make the best possible decisions when it comes to financing their life plans,” said Benjamin Pedrini, co-founder of Epsor.

Epsor has built up a clientele of more than 400 companies across all sectors (advisory services, industry, financial institutions, distribution etc.) in a market dominated by a handful of institutional players. Following strong growth in 2020, the company continues to expand its client base and reinforce its market position amongst these competitors.

The €20 million funding will enable Epsor to address the specific needs of large corporations and accelerate its deployment. Company objectives include doubling its 60-person workforce by the end of the year and reaching more than €1 billion of outstanding collected over the next 12 months.

“The employee and retirement savings markets in France are huge and continue to grow at a fast pace,” said Julien Niquet, co-founder of Epsor. “Thanks to this significant increase in capital, our aim is to further develop and accelerate our activity within the large corporate sector, relying on our successful track record on the SME market. We are in a strong position to become the partner of choice for hundreds of thousands of employees.”

Commenting on the market’s growth potential, Julien Creuzé, partner at Blackfin Capital Partners, said: “The excellent 2020 results confirm the strength of Epsor’s business model, where the outstanding has multiplied by more than ten-fold since our initial investment in the summer of 2019. Blackfin Capital Partners is proud to back this high-growth fintech. We firmly believe that its financial educational tools and SRI product range offer the right differentiation and benefits to make an impact within a market for employee and retirement savings plans.