VAZIVA AKSJENOTE, FRENCH FINTECH PIONEER IN DEMATERIALIZATION OF SOCIAL BENEFITS

VAZIVA SAS
VAZIVA AKSJENOTE, FRENCH FINTECH PIONEER IN DEMATERIALIZATION OF SOCIAL BENEFITS

08-Aug-2022 / 17:22 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

VAZIVA AKSJENOTE, FRENCH FINTECH PIONEER IN DEMATERIALIZATION OF SOCIAL BENEFITS

Paris, 8 August 2022 – Vaziva announces its listing on Euronext AccessTM by direct listing on 9 August 2022 (Euronext announcement of 5 August 2022).

Vaziva, the pure social endowment player

As a pioneer in the dematerialization of social benefits, Vaziva offers HRDs and works councils a simplification of social benefits for employees, especially in the areas of social gift cards, holiday vouchers and lunch vouchers.

Vaziva is the first issuer of dematerialized coupons on a single international Mastercard®’ managed payment card. Adapting to employee spending habits, Fintech is the only player to offer a multi-coupon card, complemented by a social work management software tool and leisure ticket platform.

“By creating the first Mastercard, which simplifies employee benefits, Vaziva immediately stood out and positioned itself as a pioneer in the dematerialization of social benefits. This solution was rewarded in 2015 – the date of Vaziva’s creation – with the Innovation Trophy awarded by the Paris Works Council Exhibition. Since then, Vaziva has continued to develop an alternative model that offers a new value proposition for companies and employees,” says Patrick Berthé, CEO of Vaziva.

As of 31 December 2021, the company had a portfolio of more than 230 customers for 77,000 delivered cards used by employees. As of June 30, 2022, the company had a portfolio of 310 customers for 100,000 cards with new works council key accounts such as Total Energies, Suez, Vinci, Chanel, LVMH and the French Red Cross.

An offer that covers the entire social capital market

In the midst of a digital revolution, the market for gift, holiday and lunch vouchers represents more than 20 billion euros every year in France for 11 million employees spread over 33,000 staff councils*.

The transformation of the sector is particularly driven by new regulations such as the 2014 decree on the dematerialization of meal vouchers, which favors the opening of the market to new digital players, and the obligation since 2020 to equip all companies with more than 11 employees with a staff council, leading to an increase of more than 5 million employees benefiting from personnel advice.

In this vibrant context, the market has seen the emergence of fintechs such as Vaziva, which is positioned as the pure player in the social capital market. Through a 360-degree offering, fintech stands out with:

• a complete solution that meets the needs of businesses;

• an adaptation to employee consumption patterns;

• a high-performance software tool for managing endowments that can be instantly adapted to new regulations;

• a tailor-made offer aimed at companies of all sizes and sectors in France and abroad.

The stock market to accelerate the development strategy

Vaziva’s development strategy relies on two themes.

On the one hand, the strengthening of the sales and IT teams to accelerate the marketing of our services and follow the growth of the activity. To this end, the company aims to recruit more than 55 employees and 100 outsourced employees by the end of 2023.

In addition, Vaziva intends to expand its offering to a clientele with large accounts and open up new territories, including the Iberian Peninsula and Germany.

“We are very pleased to be listed, which marks a new stage in Vaziva’s history. By 2025, Vaziva aims to become one of the leading social fintechs and one-stop shop for HR departments and employment advice for gift, holiday and packed lunches,” said Christophe Kourdouly, CFO of Vaziva.

Operating conditions

Qualification Savings

Vaziva confirms its qualification for the PEA-PME scheme, in accordance with Decree No. 2014-283 of 4 March 2014 issued for the application of section 70 of Law No. 2013-1278 of 29 December 2013 on finance for 2014, setting the eligibility criteria for companies to participate in PEA-PME in France.

As a result, Vaziva shares can be included in PEA-PME accounts in French territories, which, as a reminder, benefit from the same tax advantages as the traditional Plan d’Epargne en Actions (PEA).

Companies with fewer than 5,000 employees and annual turnover of less than €1.5 billion or total assets of less than €2 billion are eligible.

The listing sponsor for the company is Invest Securities, Paris.

Next publication: Half-year results 2021: 28 September 2022, after market close.

About Vaziva

Vaziva is the new generation issuer of holiday, gift and lunch vouchers on a Mastercard® managed payment card for staff councils (CSE), human resources (HR), companies and public bodies. This card can be used on the international Mastercard® network.

CONTACTS

Vaziva

Christophe COURDOULY

[email protected]

+33 6 72 94 12 82

CapValue

Dina MOTHER

[email protected]

+33 1 80 81 50 04

Regulatory filing PDF file

File: VAZIVA STOCKS LISTING, FRENCH FINTECH PIONEER IN DEMATERIALIZATION OF SOCIAL BENEFITS