BlackFin Tech, Partech in €6m series-A for Epsor

Epsor will use the funds to recruit new talent and accelerate its commercial development, particularly with mid-cap companies. 

BlackFin, a private equity firm specialised in the financial services sector, begain its venture activity raising the early-stage fund BlackFin Tech Fund 1 in 2018. The fund closed on €180m.

The startup aims to democratise access for people to employee and retirement savings, to encourage companies to better share value creation with their employees, according to a statement by Partech. In the context of current reforms of the Pacte law and the redesign of retirement savings schemes in France, Epsor's services will be particularly needed, the statement added.

The fintech previously raised €1.3m from Partech in Q4 2018.

Company
Founded in 2017 and based in Paris, Epsor is an online platform dedicated to helping SMEs better manage employee savings and pension schemes for their employees. It raised around €40m in outstanding loans, offering its services to 4,000 employees.

The startup claims to offer more transparent and efficient services than traditional platforms, while offering free and personalised advice so employees can optimise their savings.

People
Partech – Alison Imbert (investment director).
BlackFin Capital Partners – Julien Creuzé (managing director).
Epsor – Julien Niquet (co-founder, CEO).

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• Partech Ventures