Boursorama
| Boursorama Headquarters.jpg | |
 Boursorama Headquarters in Boulogne-Billancourt | |
| Private | |
| ISIN | 🆔 |
| Industry | FinTech |
| Founded 📆 | 1995 |
| Founder 👔 | Société Générale |
| Headquarters 🏙️ | Boulogne-Billancourt, France |
Area served 🗺️ | |
Key people | Philippe Aymerich (CEO) Benoît Grisoni |
| Products 📟 | Current accounts, debit cards, stock trading, currency exchange, foreign exchange, insurance |
| Services | Peer-to-peer payments, Currency Exchange |
| Members | |
Number of employees | 753 (2018) |
| Parent | Société Générale |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Boursorama is a French financial technology company headquartered in Boulogne-Billancourt, France, that offers banking services. It was founded in 1995 by Société Générale.
History[edit]
Originally, Boursorama was created in 1998 by Patrice Legrand and Stéphane Mathieu in Nancy, and legally owned by Finance Net, a startup launched two years earlier by the same co-founders. Boursorama's objective is therefore to “create a site including all stock market prices, reliable, efficient and rapid”. While Internet startups flourished during this bubble era, the founders of Boursorama immediately sought financial profitability and obtained it, resisting the consolidation of the technology, media and telecoms (TMT) sector in the early 2000s. Boursorama acquired without delay an image of a French pioneer in online stock market information.[1]
In January 2002, Finance Net created a subsidiary dedicated to online brokerage, Boursotrading.[2] Two months later, Finance Net signed a memorandum of understanding with Fimatex, at the end of which Fimatex acquired all of Finance Net, and thus became the owner of the information portal Boursorama.com. Fimatex, created in 1995 and owned by Société Générale, was an online brokerage player that made its debut on Minitel. This merger creates the French leader in online finance, the group offering an offer combining financial information and online savings. Fimatex, listed on the stock exchange since 2000, becomes Fimatex-Boursorama.
In December 2002, Fimatex-Boursorama announced the takeover of the online broker Selftrade, one of the main competitors in France, created by Charles Beigbeder in 1997.[3] The acquisition will be finalized during 2003. At the same time, the Fimatex-Boursorama group changes its corporate name and becomes Boursorama, the group's online savings activity taking the name “Boursorama Invest” on this occasion.
In February 2005, Boursorama acquired the German asset management company Veritas.[4] In August, it acquired the online broker Squaregain (formerly Comdirect UK), which then made Boursorama the number two online brokerage in Great Britain.[5] In December, Boursorama Invest becomes Boursorama Banque.[6] This change of identity is accompanied by the possibility of opening a current account with which a Visa bank card can be associated.
In 2006, Boursorama bought CaixaBank France, allowing the group to have a small network of bank branches in France.[7] CaixaBank also becomes a 20% shareholder in the capital of Boursorama on this occasion. The same year, Boursorama reorganized its activities in the United Kingdom and separated from the B2B part of Squaregain.[8]
At the start of 2008, Boursorama announced the creation of an online bank in Spain, in collaboration with La Caixa, and launched the Onvista-bank.de website in Germany, which replaced Fimatex.de.[9] Two months later, still in Germany, Boursorama sells asset manager Veritas. In February 2009, Boursorama created the Self Bank online bank in Spain in partnership with La Caixa. In August 2010, Boursorama continued its development in Germany with the acquisition of the portfolio of German clients of the Swedish online broker Nordnet by OnVista Bank. In May 2014, Boursorama refocused its activities on continental Europe and sold its subsidiary Selftrade in the United Kingdom.[10]
In June 2014, Société Générale launched a takeover bid on Boursorama. The listing of the Boursorama share is then suspended, then a public buyout offer is carried out by the purchaser, removing Boursorama from the Euronext listing.[11] At the end of the transaction, Société Générale holds 79.5% of the capital of Boursorama, while CaixaBank holds 20.5%. In March 2015, Boursorama acquired the French FinTech Fiduceo as part of the development of its online banking activities.[12]
In June 2015, Société Générale completed the acquisition of Boursorama by repurchasing the stake held by CaixaBank for 218 million euros, valuing Boursorama at around one billion euros when it became an exclusive subsidiary of Société Générale.[13]
With a view to refocusing Boursorama's activities in France, Société Générale announced in June 2018 the sale of Self Bank, the Spanish subsidiary of Boursorama, to the American investment fund Warburg Pincus.[14]
Services[edit]
Boursorama offers banking services including and EUR bank accounts, debit cards, fee-free currency exchange, stock trading and peer-to-peer payments. Boursorama's mobile app supports spending.
References[edit]
- ↑ La fourmi face aux cigales
- ↑ Finance Net, la maison mère de Boursorama lance un courtier en ligne
- ↑ Boursorama rachète officiellement Selftrade pour 62 M€ en cash
- ↑ Boursorama poursuit sa diversification avec Caixa
- ↑ Boursorama : annonce avoir finalisé l'acquisition en numéraire de Squaregain pour 74 ME
- ↑ Boursorama Invest devient Boursorama Banque
- ↑ Boursorama devrait prendre le contrôle de CaixaBank en France
- ↑ Boursorama vend son activité BtoB au Royaume-Uni
- ↑ Boursorama maintient ses performances dans un environnement dégradé
- ↑ Boursorama négocie sur Selftrade, net 2014 vu près de zéro
- ↑ Société Générale a sorti Boursorama de la cote
- ↑ Fintech : Boursorama rachète Fiduceo, un outil de gestion de finances personnelles
- ↑ Société Générale acquiert la totalité du capital de Boursorama
- ↑ Société Générale cède la participation de Boursorama dans Self Trade Bank
External links[edit]
- Lua error in Module:Official_website at line 90: attempt to index field 'wikibase' (a nil value).
This article "Boursorama" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Boursorama. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
