French Banque Postale makes its first investment into a fintech and takes a 10% stake in Wesharebonds. Wesharebonds was launched in June 2016 after one year work to obtain approval by regulator AMF. The company previously raised 3.8M EUR from 50 business angels (0.6M for its own funding and 3.2M as supply to co-invest into the offerings on the marketplace). Wesharebonds allows indiviudals and companies to invest into bonds (and equity crowdfunding) to SMEs. The valuation was not disclosed.
The parties announced that the capital will be used to expand the product offering.
Cyril Tramon, WeShareBonds CEO expressed that they wanted a partner who shared their vision and could support development.
Banque Postale is a subsidary of La Poste Groupe, which claims ana ctive customer base of 10.8 million.