Credit Agricole completed the acquisition of a 85% stake in Linxo.

Credit Agricole completed the acquisition of a 85% stake in Linxo, a fintech company that provides account aggregation, payment initiation and personal finance management solutions. The transaction is pending authorization from the French Prudential Supervisory and Resolution Authority. Financial terms were not disclosed. “The acquisition of this major banking aggregation player in France, a long-time partner of the Crédit Agricole Group, is an important part of our strategic aim of offering customers of the Group's banks innovative payment services that meet the highest market standards. Moreover, it represents a major contribution in terms of technology that will enable the Group to take full advantage of the innovation opportunities offered by changes in regulations," Bertrand Chevallier, Crédit Agricole Payment Services CEO.