May
“Can Open Banking + AI collapse France's fragmented employee benefits stack (meal, mobility, sport, culture, gift) into a single flexible cagnotte?”
Founded2022
HQParis, France
FoundersBoris Jottreau
IndustryVertical SaaS / HR & Employee Benefits
The story
May was spun out of Groupe Up (French cooperative giant behind Chèque Déjeuner) in 2022 to attack the French employee benefits market with a modern Open Banking + AI stack. Rather than issue paper vouchers or a single-purpose card, May aggregates all 9 URSSAF-exonerated benefit categories (meal, mobility, sport, culture, gift, vacation, home services, telework, savings) into a single wallet where employees connect their bank account, and eligible spend is automatically detected and reimbursed. A card option was added later, competing with Swile, Edenred and Pluxee.
Last 12 months
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Product timeline
2022
May founded as an intrapreneurial initiative within Groupe Up (French employee benefits leader) to modernize employee benefits via Open Banking and AI· pivot
2023
Launched all-in-one employee benefits platform covering titres restaurant, mobility, sport, culture, gift cards and more· banking
2024
Expanded to card-based titre restaurant product, positioning as sole issuer eligible in 100% of French restaurants· card
The stack
0 layers disclosed in May’s embedded-finance stack
Accounting gap: none