ApideckTape
← Embedded Finance Index 2026

Crédit Agricole

“Can Europe's largest cooperative bank turn its scale in payments, insurance, and BaaS (Okali) into a genuine embedded-finance distribution platform rather than a legacy universal bank?”

Founded1885
HQMontrouge, France
FoundersLouis Milcent, Alfred Bouvet
Latest roundIPO (Euronext Paris), December 2001 at €16.6/share
IndustryBank / National
The story

Founded 1885 as a mutualist agricultural lender, Crédit Agricole grew into France's largest universal cooperative banking group and IPO'd in 2001. Since PSD2 (2019) it has increasingly positioned itself as an infrastructure player — operating CA Payment Services as one of Europe's largest payment processors, launching neo-pro digital banks Propulse by CA and LCL Essentiel Pro on its own Okali BaaS platform (2022), and rebranding CACEIS as Crédit Agricole CACEIS (2026). The current ACT 2028 strategic plan doubles down on digital-native offerings (L by LCL, L by LCL Pro) while deepening insurance, wealth, and embedded-finance distribution.

Last 12 months
2026-09
2026-09
2026-09
2026-09
2026-09
Product timeline
1885
First local agricultural lending bank founded in Salins-les-Bains by Louis Milcent and Alfred Bouvet.· banking
2001
Crédit Agricole S.A. IPO on Euronext Paris at €16.6/share.· ipo
2019
Launched PSD2 API for approved payment services providers (AISPs/PISPs).· banking
2022
Launched Propulse by CA and LCL Essentiel Pro neo-pro accounts, built on Blank tech and Okali BaaS.· banking
2026
CACEIS rebranded as Crédit Agricole CACEIS on October 1, aligned to ACT 2028 strategic plan.· pivot
2026
LCL launched L by LCL, a 100% digital retail offering, extending the earlier L by LCL Pro (January 2026).· banking
Regulated entities
2
regulatory licences held by Crédit Agricole
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
Consortium membership
Crédit Agricole is a named member of an industry alliance building shared payment/settlement infrastructure alongside these organizations — full details on /consortiums.
Global bank USD stablecoin consortiumForming · announced 2026-09-01 · targeting H1 2027 (USD token); additional G7 currencies, EUR prioritized, to follow
Bank of AmericaCapital OneCitiFidelity InvestmentsGoldman SachsPNC Financial ServicesScotiabankTD Bank GroupWells FargoWisdomTreeBanco SantanderBBVACommerzbankDeutsche BankLloyds Banking GroupRabobankUBSMUFG BankSirius International HoldingStandard Bank
The stack
11 layers disclosed in Crédit Agricole’s embedded-finance stack
Payments / PSP
Crédit Agricole Payment Services (in-house)
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
Insurance
in the full report
Open banking
in the full report
Sponsor bank
in the full report
FX & payouts
in the full report
Investing
in the full report
Accounts Receivable
in the full report
Accounting gap: minor
18 more providers across 10 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.