Founded by Yves Eonnet and Hervé Manceron, TagPay provides a cost-efficient, next-gen core banking system to financial institutions. The company’s product transforms once costly and inefficient legacy systems into scalable, open-architecture platforms that allow financial institutions to innovate and improve customer experience. Since its launch in 2016, nearly twenty financial institutions – including top-tier European banks – now use TagPay to power their digitization.

TagPay, which had previously raised EUR 7m, has secured an investment of EUR 25m from Long Arc Capital to strengthen its sales, product and technical teams and to fund growth. By 2023, TagPay seeks to double its banking customer base while multiplying by five the number of end customers it provides with secure digital banking services. In this new phase of growth, Société Générale remains a minority shareholder and a longstanding partner, reaffirming its trust in TagPay and its continuing support to the management team.

"Evolving regulations and customer expectations and the disruption in financial services makes the modernization of core banking systems a necessity,” said Yves Eonnet, CEO of TagPay. “Today, thanks to its open and agile architecture system, TagPay is the premier solution to address these challenges. We are very happy to have the support of Long Arc Capital, whose financial and operational support will allow us to grow rapidly over the next three years.”