Crédit Coopératif Targets Anytime Acquisition to Enhance Digital Solutions for Associations
Crédit Coopératif is making significant strides in the digital banking sector by engaging in exclusive discussions with Orange Bank, the digital banking division of Orange Group. This potential acquisition of Anytime, a FinTech that specializes in services for associations and non-profits, is a strategic move aimed at enhancing Crédit Coopératif’s digital offerings and fostering stronger connections within the Social and Solidarity Economy (SSE).
Strategic Importance of the Acquisition
The agreement, formalized through a memorandum of understanding, aligns with Crédit Coopératif’s ambitious roadmap for 2025–2030, titled “100% committed.” This initiative is focused on:
- Accelerating digital transformation
- Enhancing services tailored to associations
By integrating Anytime’s innovative digital tools, Crédit Coopératif aims to provide a seamless experience for small and medium-sized organizations, particularly in managing their expenses and card operations.
Quotes from Leadership
Pascal Pouyet, CEO of Crédit Coopératif, emphasized the importance of this acquisition, stating, “To achieve its growth ambitions by 2030, Crédit Coopératif aims to strengthen its digital offering, particularly for its small and medium-sized association clients. Anytime offers simple and innovative services that perfectly meet the new needs of this clientele.”
About Anytime and Its Impact
Founded in 2014 and acquired by Orange Bank in 2020, Anytime initially catered to small businesses before focusing on associations. The platform offers modern account management and payment solutions, including expense tracking features specifically designed for the non-profit sector.
Statement from Orange Bank
Frédéric Niel, CEO of Orange Bank, remarked, “We are pleased to have initiated these discussions with Crédit Coopératif, a cooperative bank that has a catalogue of offers fully complementary with that of Anytime. This opportunity allows Anytime to continue its evolution, especially in the Social and Solidarity Economy markets.”
Future Prospects and Market Share Goals
If the acquisition proceeds, it is set to bolster Crédit Coopératif’s market share in the association sector, with a target of reaching over 6% of newly created associations by 2030. This strategic move will enable the bank to:
- Enhance remote and digital services
- Support large SSE organizations with improved financial tools
For more information about Crédit Coopératif’s initiatives, visit their official website at Crédit Coopératif. For further insights into the digital banking landscape, you can read more on Forbes.
