BNP Paribas Personal Finance announces the acquisition of a minority stake in Evollis, a French Fintech company founded by Xavier Pinse. Evollis has developed and markets a digital platform for the signing and management of long-term lease agreements (rent) of capital goods. The Evollis platform also manages the recovery of used items (exchange, repurchase).
BNPP Personal Finance and Evollis have been collaborating since 2016 to develop rental solutions on the European market. Today Evollis operates in six territories (France, Italy, Spain, Portugal, Belgium and the Netherlands), with distribution partners, but also through a direct online marketing channel (UZ’it Direct).
This participation is fully in line with BNPP Personal Finance’s strategic plan, which plans to strengthen its position in the circular economy and become a major player in the long-term rental of everyday goods (smartphones, IT equipment, connected objects , game consoles, etc.) and electric mobility (bicycles, scooters, etc.).
For Evollis, this operation will consolidate its growth capacity in order to strengthen its leading position in France, accelerate its international development and become a European leader.
Charlotte Dennery, Managing Director and Director of BNP Paribas Personal Finance, comments: “This acquisition of a stake in Evollis, partner of BNP Paribas Personal Finance for 5 years, demonstrates the strong desire of the two players to accelerate in France and beyond. Europe on the sector of rental offers to individuals. This movement is in line with the raison d’être of our company, whose ambition is to promote access to more sustainable and responsible consumption “.
For Xavier Pinse, President and Emmanuel Gillet, CEO of Evollis: “We are delighted to strengthen our strategic partnership with BNP Paribas Personal Finance for our next ambitious phase of growth and conquest of new markets. This transaction confirms the relevance of the vision of Evollis, a key player in the transition from ownership to use and leader in France in the rental of capital goods for individuals. It also demonstrates the value of the platform developed and enriched in the last 10 years by the Evollis teams, with the assistance of our partners and support of our shareholders, whom we would like to thank “.