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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
2
regulatory licences held by Edenred
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
6 layers disclosed in Edenred’s embedded-finance stack
Payments / PSP
PrePay Technologies Ltd (self-operated)PPS EU SA (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
KYC
in the full report
Accounting gap: minor
8 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.