Cegid × Shine
In a deal announced November 26, 2025, French cloud management software leader Cegid acquired Shine, a neobank for freelancers and small businesses, for approximately €1 billion. [40, 42] The acquisition combines Cegid's software suites with Shine's large customer base to create a unified platform providing real-time financial data for accounting, payments, and invoicing. [36]
The asset
Acquisition of the fintech platform and its customer base of over 400,000 SMBs, creating an integrated financial hub with real-time access to financial data.
- 400k SMB customers
The record
- Seller status
- Going concern
- Sector
- fintech / neobanking
- Modalities
- transaction data, business financial data
- Jurisdiction
- FR
What it means if you hold data
This transaction creates a major new source of real-time economic data on European SMBs. The aggregation of financial and operational data from the combined entity's customer base offers a powerful, granular dataset for investors analyzing the health of the small business sector.