Blog

SHINE – Cyndx Finder Analysis

SHINE – Cyndx Finder Analysis

Shine, a “bank” startup for freelance workers in France founded in 2017, has recently raised $9.3 million in Series A funding led by XAnge. The company previously raised $3.3 million from Daphni (also participating in this round), Kima Ventures and other business angels.

This banking alternative firm is building a comprehensive knowledge base on being a freelancer in France, where getting started in freelancing is not so easy. Shine SAS operates an online platform providing accounting, follow-up and administrative services to freelancers.

Shine aims to package everything newcomers to freelancing need in an app with the following features:

  • Guides new freelancers through the process of registering their company
  • Can be set up to send and receive money
  • Issues a debit card for business expenses
  • Works directly with platforms such as UberEats
  • Sends tax payment reminders and has a support team to assist with filing

The investment will empower Shine to launch a premium plan in the coming months with advanced accounting features.

Some Cyndx Finder Comparables (Private Companies):

These comparable companies have been generated using Cyndx Finder, a tool for Private Equity firms, Venture Capital Firms, and Investment Banks to analyze the entire Private Company universe and identify the most relevant and appropriate opportunities for acquisitions or market analysis.

Pendium – A time and finance tracking tool for collaborating freelancers.

 

 

 

 

Inovedia Technologies strive to create a positive experience with every customer interaction.

Ease, Inc. – A cloud-based workforce solution that helps businesses connect with and manage their freelance workforce all in one place.

Other Sources:

Sources used to verify and support the funding history and company statistics:

  1. Axios
  2. Techcrunch
  3. Shine
Request a Demo