Reinventing employee savings and retirement plans with Epsor!

The French startup just raised a 6 million euros Series A led by BlackFin Tech, along with its seed investor Partech.

Epsor designs and distributes employee savings and retirement plans to small and medium companies. From the first time we met them in 2017, before the actual incorporation of the company, we strongly believed in their mission.

Epsor will leverage strong market momentum.

Profit sharing is a top priority of the French government. Tax incentives and a new regulatory framework are being implemented. The “Loi Pacte” is pushing the 80% of small and medium companies not yet equipped
From a corporate point of view, this is great opportunity to attract and retain talent
And from the employee point of view, uncertainties about pension is pushing people to save more, and these schemes are a good way to do it in a tax efficient manner

The demand for such employee savings and retirement plans is stronger than ever — especially for small and medium companies.

Epsor has thus built an easy-to-deploy digital platform with a transparent pricing policy. Compared to other market players, Epsor’s product offering is cheaper and relies on an open architecture, meaning that employees can select funds from various asset managers in accordance with their goals and risk appetite. They can already choose among 30+ funds, from 12 asset management firms. Epsor also offers tailor-made advises to employees.

In nine months, Epsor achieved a lot and now counts 40 million euros in assets under management and more than 4,000 employees using its services to prepare their retirement!

To help them grow further, we led this Series A round, with Partech, and several business angels such as Didier Valet (former Deputy CEO at Societe Generale, and one of BlackFin’s Senior Advisors) and Antoine de Rochefort (co-founder of Selftrade, private investor in many French fintechs and one of BlackFin Tech’s Venture Partners). This funding round will allow Epsor to recruit top profiles, offer its value proposition to many more customers and extend its product offering.

Julien, Benjamin and Julien: we are excited to join you on this journey and very confident in your ability to make it big!