BPCE has acquired the fintech company iPaidThat to strengthen its financial management offerings for small-to-medium enterprises (SMEs) and professional clients of Banques Populaires and Caisses d’Epargne. This acquisition follows a successful partnership between BPCE and iPaidThat, established in 2023.
Founded in 2017, iPaidThat simplifies invoice processing through automation and is already used by over 5,000 SMEs and 1,000 accounting firms. It recently received certification as a Partner Dematerialization Platform (PDP) from the French government, ensuring its compliance with e-invoicing regulations. The platform streamlines financial tasks such as tracking accounts and preparing pre-accounting reports, improving data exchanges between businesses, accounting firms, and banks.
Accounting firms also benefit from iPaidThat, gaining a shared interface with clients, automated document collection, and AI-driven accounting functions, while remaining compatible with their existing software. Many accounting firms already working with BPCE institutions will have access to this solution with preferential terms.
Hélène Madar, CEO of BPCE's Retail Banking and Insurance Division, emphasized that this acquisition positions BPCE as a leader in digital financial management for businesses. Yves Tyrode, CEO of BPCE Digital & Payments, noted that integrating iPaidThat will enhance the bank's digital offerings and improve the financial operations of its business clients.
Sébastien Claeys, CEO of iPaidThat, expressed excitement about expanding the platform's reach through BPCE's extensive network. This acquisition represents a strategic step for BPCE in providing top-tier financial solutions for businesses across France.
