Fintech Company Ezio Raises €400,000 to Accelerate its Growth

Ezio is a French fintech company specializing in payments for professionals providing assistance to people in need. The company has announced that it has raised €400,000 to continue its commercial development in personal services and to expand into medical and social care facilities in France and Europe.

The need for support for dependent people and those losing their independence is increasing in all European countries. To meet this challenge, the personal assistance sector is developing rapidly and seeking to improve its efficiency by implementing digital solutions.

Created in 2019 in Vendée by Sébastien Vray and Jéremy Castelli, Ezio is a financial technology (fintech) that targets professionals in home care and all medico-social establishments involved in securing, simplifying, and tracking daily purchases made by professionals for dependent seniors and people with disabilities.

Read more about the latest funding round of the fintech company Ezio and find important financial news from around the world with the Born2Invest mobile app.

Securing and simplifying payments for professional caregivers

In SAPs and more broadly in establishments involving professionals in charge of supporting frail people, the payment of “groceries” poses problems for organization, follow-up, and security. “For lack of anything better, each structure has set up its own solution. This inevitably wastes time and sometimes involves risks when handling the payment methods used. With Ezio, we create a unique simplified routine, secure for clients and homecare workers, transparent for families and guardians”, explains Sébastien Vray.

Ezio is an online software connected to payment cards that can be managed in real-time by the managers of the establishment as well as a mobile application for the caregivers.

Funds to expand in France and Europe

With nearly 200 establishments equipped throughout the country, Ezio first made a place for itself in personal services establishments, both associations and private, independent, or franchised. At the moment, major national networks such as APEF, O2, Viva services, Senior Compagnie, Âge d’Or Services, and Générale des Services trust Ezio.

After a first financing of €150 000 in 2021, Ezio (Courseur SAS) closes fundraising of €400 000 with Pays de la Loire Participations, the network of Business Angels ABAB, Banque Populaire Grand-Ouest and the company Aladom.

This fundraising will allow the company to accelerate its commercial development and to extend its services to all the establishments that receive vulnerable people concerned by these purchasing logics, in order to make Ezio the European leader in payment for assisted persons.

The Pays de la Loire Region’s co-investment fund is designed to support the start-up and development of small and medium-sized businesses in the Loire region, through equity and quasi-equity investments of between €100,000 and €700,000 alongside private financial partners. To date, Pays de la Loire Participations has participated in the capital of some sixty companies in the Pays de la Loire. The management of this fund has been entrusted to the private equity company SIPAREX with a dedicated team in Nantes.

ABAB is a network of business angels in the Pays de la Loire region created in 2007 on the initiative of members of NAPF and the CCI. Hosted by the Nantes Saint-Nazaire Chamber of Commerce and Industry and run by the Maine-et-Loire Chamber of Commerce and Industry and the Vendée Chamber of Commerce and Industry, the network brings together 150 members from the Loire-Atlantique, Maine-et-Loire, and Vendée regions who are entrepreneurs, business owners or company managers. The ABAB Business Angels contribute their time, capital, and experience to the creator or buyer of the business.

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(Featured image by ericniequist via Pixabay)

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