Crédit Agricole is set to acquire a majority stake in portfolio company Linxo as fellow corporates Maif and Crédit Mutuel Arkéa exit.
Financial services firm Crédit Agricole agreed on Tuesday to pay an undisclosed amount to increase its share of France-based payment software provider Linxo Group to more than 85%.
The transaction will involve the company’s founders and directors to maintain shares but will allow its investors, including insurance firm Maif and financial services provider Crédit Mutuel Arkéa, to exit.
Linxo has created a personal finance app with 3 million users, but also provides software products spanning a range of banking areas…
