Edenred

Name

Edenred

Legal name

EDENRED SE

Website

https://edenred.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Edenred is a France-headquartered public payments and services platform connecting 1 million+ corporate clients, 2 million+ merchants, and 60 million+ users across 44 countries through specific-purpose payment solutions for employee benefits, fleet mobility, and B2B payments.

Ownership category

akta.pro rank

Product category

Employee Benefits & Payment Solutions

NAICS

Sales Financing (52222), Software Publishers (513210)

SIC

Finance Services (6199)

akta.pro primary industry

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

akta.pro secondary industries

Loyalty, Points Currency & Stored Value Payments (THALAHAK), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

Keywords

• Employee benefits platform
• Corporate payment services
• Fleet management solutions
• Meal voucher services
• Mobility payment solutions

Headquarters

HQ city

Issy-les-moulineaux

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. Transaction-based fees: Edenred generates revenue through transaction fees on employee benefit vouchers, fleet management payments, and corporate payment solutions. The company operates a network of over 2 million merchant partners processing transactions for 60+ million users.
2. Subscription/Platform fees: Enterprise clients pay subscription fees for access to Edenred's digital platform for employee benefits administration, fleet management, and payment solutions. FY 2025 record operating revenue of €2,732 million.
3. Merchant discount rates: Edenred earns merchant discount rates (interchange fees) when employees use their benefit cards at participating merchants. Regulatory changes in Brazil (merchant fee cap at 2%) have impacted revenues in that market.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Edenred operates a digital payment platform providing specific-purpose payment solutions across three business lines: Benefits & Engagement (meal vouchers, gift cards, employee recognition), Mobility (fleet fuel cards, EV charging management, toll payments), and Payment Solutions (corporate virtual cards, B2B payments). The platform connects over 1 million corporate clients with 2 million merchant partners to serve 60+ million users across 44 countries, generating FY 2025 operating revenue of €2.732 billion through transaction fees, merchant interchange, and enterprise subscriptions.

Product overview

Edenred operates as a digital platform for services and payments with three core business lines: Benefits & Engagement (meal vouchers, employee benefits, recognition platforms), Mobility (fleet management, fuel cards, EV charging solutions), and Payment Solutions & New Markets. The company offers a portfolio of products including Ticket Restaurant meal vouchers, Ticket Log and UTA fleet management solutions, ChargePilot smart charging platform, and various acquired brands like Spirii (EV charging SaaS), Reward Gateway (employee engagement), Greenpass (Brazilian toll solutions), and GOintegro (Latin American engagement). Edenred's platform connects over 1 million corporate clients to 2 million merchant partners serving 60+ million users across 44 countries, with a focus on specific-purpose payment solutions for employee benefits, professional mobility, and B2B payments.

Differentiator

Problem solved

Functional benefit

Brands

• Ticket Restaurant: Meal benefit product offering digital or physical cards funded by employers for use at partner restaurants and stores, primarily in European and Latin American markets.
• Ticket Log
• Repom
• Edenred Capital Partners / Edenred Ventures
• Edenstep

Products and services

• Ticket Restaurant Edenred's flagship meal benefit solution providing digital or physical cards funded by employers for use at partner restaurants and stores, primarily in European and Latin American markets. Used by employees for tax-advantaged meal allowances at 2+ million merchant partners.
• Benefits & Engagement Solutions Comprehensive employee benefits platform covering meal vouchers, gift cards, incentive rewards, employee recognition, and workplace welfare programs for corporate clients across 44 countries.
• Ticket Log Fleet management and fuel card solution for businesses in Brazil, providing vehicle management, fuel purchasing, and expense tracking services through a dedicated merchant network.
• UTA (Union Tank Eckstein) Fuel card and fleet management services primarily for the German and European markets, offering acceptance at a wide network of fuel stations and toll solutions for commercial fleets.
• Mobility Solutions Comprehensive mobility platform offering fleet management, EV charging solutions, toll management, and travel expense solutions for corporate fleets transitioning to electric and hybrid vehicles.
• ChargePilot Smart charging management platform operated by The Mobility House (an Edenred company) supporting over 50,000 electric vehicles across 2,700+ charging depots globally. Enables fleet operators to optimize EV charging operations.
• Spirii Danish EV charging SaaS platform providing comprehensive EV charging management and services for fleet operators and charge point operators across Europe.
• Greenpass Brazilian electronic toll solutions issuer providing electronic toll payment services for fleet operators as part of Edenred's Beyond Fuel strategy in Brazil.
• Reward Gateway Employee engagement and recognition platform offering employee rewards, recognition programs, wellbeing benefits, and communications tools for employers to drive employee experience.
• GOintegro Employee engagement solution for the Latin American market, providing recognition, communication, and benefits administration tools for corporate clients.
• Payment Solutions & New Markets B2B payment solutions including virtual cards, gift cards, corporate payment platforms, and emerging payment technologies for corporate clients and new market expansion.

Quantifiable outcome

• 94% of employees trained in 2024
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Seven partnerships are on record, tiered core, minor and flagship.

• The Mobility House (acquired by Edenred)coreTechnology or Integration · 15 June 2026Edenred acquiring The Mobility House, a German smart charging solutions provider for EV fleets. Operates ChargePilot platform supporting over 50,000 EVs across 2,700+ charging depots globally. Expected to strengthen Edenred's position in EV infrastructure market.
• EnBWcoreStrategic or Co-development Partner · 2 April 2026Partnership to provide combined electric fleet management solution in Germany. Leverages EnBW's HyperNetz fast-charging network and Edenred's automotive services platform. Planned launch in late 2026.
• Daimler TruckcoreStrategic or Co-development Partner · 11 December 2025Partnership with Daimler Truck for TruckCharge semi-public charging network for battery-electric trucks. Technology provider Spirii (Edenred company) enables companies to open charging points to external users. Official rollout planned for Q1 2026 in Germany and Austria.
• WonderDaysminorChannel Partner/ Reseller/ Distributor · 10 November 2025Partnership with WonderDays to expand gift card program via distribution access, API platform, and technical support. Collaboration supports WonderDays' growth in UK experience gift market across B2B, B2C, employee benefits, and rewards sectors.
• VisaflagshipTechnology or Integration · 21 October 2025Strategic partnership to accelerate innovation across Benefits and Engagement, Mobility, and B2B Payment Solutions. Enables Edenred payment solutions through Visa's global payment infrastructure.
• Reward GatewayflagshipTechnology or Integration · 7 January 2025Edenred acquired Reward Gateway for approximately £1.15 billion in May 2023 to enhance employee experience and recognition portfolio. Part of building Edenred's 'people platform' through acquisitions.
• Spirii (acquired by Edenred)coreTechnology or Integration · 28 May 2024Edenred completed acquisition of Spirii, a Danish EV charging SaaS platform. Solution deployed in France and Germany for comprehensive EV charging management across Europe.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Emerging players

• Spendesk: European spend management platform combining corporate cards, accounts payable automation, and expense management; an emerging player in the embedded B2B finance space adjacent to Edenred's Payment Solutions business.
• Brex: U.S.-focused B2B corporate card and spend management platform; an emerging player in the broader corporate-payments space where Edenred is expanding via its Payment Solutions & New Markets division.
• ChargePoint: Independent EV charging network and software platform; comparable to the Spirii and ChargePilot assets Edenred acquired as it builds its EV fleet charging stack under the Beyond Fuel strategy.
• Pleo: European B2B expense management and corporate card fintech; an emerging player competing for the same mid-market corporate customer wallet that Edenred targets with its B2B virtual cards and expense solutions.

Broad incumbents

• Sodexo: Global food services and facilities management giant that spun off Pluxee to focus on its core services business; remains a broad incumbent competing indirectly with Edenred through client relationships in food services and benefits.

Direct peers

• FleetCor Technologies: Global B2B payments and fleet card operator (Fuelman, Comdata, Corpay), competing head-to-head with Edenred's fleet and mobility solutions in multiple geographies with a similar transaction-fee revenue model.
• WEX Inc. U.S.-listed fleet cards and mobility payments specialist, directly comparable to Edenred's Ticket Log and UTA fleet/mobility business line, with overlapping corporate fleet customer base and interchange-style economics.
• Pluxee: Pluxee was spun off from Sodexo in 2024 and is Edenred's most direct competitor in employee benefits and meal vouchers globally, operating in roughly 30 countries with a comparable product suite (including Ticket Restaurant-equivalent offerings).
• Swile: French employee-benefits startup and direct challenger to Edenred's Ticket Restaurant in France, offering digital meal cards and engagement platforms to corporate clients with a digital-first product experience.

Others

• Visa: Global payments network and Edenred's October 2025 strategic partner for Benefits, Mobility, and B2B Payments; relevant as the infrastructure provider whose rails Edenred leverages and as a broad incumbent defining payment acceptance economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Edenred
• YouTubeyoutube.com/c/Edenred
• LinkedInlinkedin.com/company/edenred

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A35 records

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Edenred