French Up group Acquires German Fintech Startup givve
Summary
Gennevilliers, France-based Up group , acquired givve , a German fintech startup specializing in employee engagement and incentive solutions.With the acquisition, which followed the one in GrassRoots in Spain, Up will further expand its employee engagement and incentive services in Germany.In 2017, the company issued prepaid cards on behalf of 6,000 clients to almost 250,000 of its customers’ employees and generated around €42m in volume.Catherine Coupet, President and CEO, Up group develops management, relationship and transaction platforms which contribute to connect individuals, companies and territories.The company has designed integrated solutions to facilitate access to food, culture, leisure, education, home assistance, social assistance, expense management as well as incentive and loyalty systems.