Parisian employee savings and retirement plan platform Epsor has raised €20 million in a Series B round led by Gaia Capital Partners. Augmentum Fintech, Partech, and BlackFin Capital Partners also participated in the round. Epsor is reporting that the new funding will be used to address specific requests of enterprise clients and accelerate deployment, as well as double its 60-person workforce by the end of the year. To date, the company has raised close to €30 million.
“We were impressed by Epsor's market position and its growth as a key player in a sector undergoing a major transformation. It is thanks to the company’s focus on innovation and user experience that it has been able to transform employee and retirement savings plans into clear and attractive financial products that employees value,” comments Gaia Capital Partners’ Morgan Kessous.
Founded in 2017 by Benjamin Pedrini, Julien Murgey, and Julien Niquet, Epsor builds employee savings and retirement plans with a transparent pricing policy. The company combines technology ad proximity to provide tailored financial advice via algorithms and access to human financial planners.
“We support companies that already have employee and retirement savings plans and wish to offer tailor-made support and advice to their employees as well as rekindle their motivation. Epsor allows its clients to modernize the approach while placing their employees at the heart of the process,” comments Pedrini. “We go beyond a purely transactional approach in order to provide a more personalized experience that allows savers to make the best possible decisions when it comes to financing their life plans.”
Epsor counts more than 400 companies across a wide variety of business sectors amongst its client base, servicing more than 40,000 employees.