La Banque Postale Takes a 10% Stake in Debt-Based Crowdinvesting Platform WeShareBonds
Summary
As a state-controlled institution, La Banque Postale retains several missions of general interest, including supporting the economic development of local authorities. Founded in July 2015 and opened for business in June 2016, WeShareBonds is one of the latest entrants in the French emerging sector of debt-based investing and lending platforms. Cyril Tramon, WeShareBonds’ co-founder and CEO, is a veteran with more than 20 years of experience in private equity, SME financing and credit risk management. The deal is the most recent in a string of announcements of partnerships between French established banks and institutional investors and FinTech firms. The fact that a major retail banking brand like La Banque Postale invests in a platform such as WeShareBonds validates not only the company’s proposition but the entire sector’s.