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Edenred

Can a global employee benefits and prepaid payments company become the go-to embedded finance infrastructure layer for fintechs and enterprises across the UK and EU?

Founded1962
HQIssy-les-Moulineaux, France
IndustryFintech / Employee Benefits & Payments
The story

Founded as a meal voucher company for employee benefits, Edenred evolved over decades into a global payments infrastructure group operating across employee benefits, corporate mobility, and complementary solutions. The acquisition of PrePay Technologies Ltd (PPT, FCA-regulated since 2003) transformed the group into a regulated e-money institution with a full card issuing and embedded finance stack. Edenred now operates as both an end-user of financial services and a B2B infrastructure provider (via Edenred Payment Solutions / EPS) offering white-label embedded finance, card issuing, e-money accounts, and BNPL infrastructure to fintechs and enterprises across the UK and EU.

Last 12 months
2025-08
2025-05
2025-10
Product timeline
1962
Founded in France as Ticket Restaurant, originating the meal voucher concept for employee benefits.· pivot
2010
Edenred spun off from Accor Group and listed on Euronext Paris, becoming an independent company.· ipo
2019
Established PPS EU SA in Belgium to maintain EU operating rights post-Brexit, passporting across 7 EU countries.· banking
2021
Launched Edenred Payment Solutions (EPS) brand, offering embedded finance and card issuing services to fintechs and enterprises.· banking
2022
Launched Nexus, a proprietary payment platform processing 1B+ transactions/year with 500+ RESTful APIs supporting Benefits, Mobility, and Complementary Solutions.· banking
2024
Edenred Pay (edenredpay.com) expanded Integrated Payables automation for B2B AP workflows including virtual cards, ACH, and check.· card
Regulated entities
EMI (Electronic Money Institution)
UK FCA · 2003
PrePay Technologies Ltd.
EMI (Electronic Money Institution)
EU (Belgium NBB) · 2019
PPS EU SA
The stack
Payments / PSP
PrePay Technologies Ltd (self-operated)PPS EU SA (self-operated)
Banking / BaaS
PrePay Technologies Ltd (self-operated)
Card issuing
PrePay Technologies Ltd / PPS EU SA (self-operated)
Lending
BNPL infrastructure for fintechs (POS lending via virtual cards)Single-use VCN-based instalment paymentsDeferred payment card programs
KYC
Signzy
Accounting gap: minor