Edenred : Capital Partners supports Beekeeper in a $13 million new funding round

Press release

September 12, 2018

EDENRED CAPITAL PARTNERS SUPPORTS BEEKEEPER IN A $13 MILLION NEW FUNDING ROUND

The Edenred group, via its venture capital structure, Edenred Capital Partners, is taking part in the funding round for the Swiss-based startup Beekeeper, specialized in human resources management and communication with "mobile" employees (non-desk workers). This investment aims to help Beekeeper develop internationally, particularly in the United States and Latin America.

Beekeeper provides an app enabling human resources departments to offer a seamless and unified HR experience to their non-desk workforce. In particular, the app allows employees without email addresses or corporate devices to instantly exchange all types of files, to plan their meetings, leave, work schedules, or to receive and archive their pay slips. Everything is accessible remotely and without a computer via a simple and intuitive mobile interface. Several groups such as Domino's Pizza, Heathrow Airport and Mandarin Oriental already use Beekeeper solutions in more than 130 countries.

By contributing to the development of Beekeeper, Edenred Capital Partners is continuing to support the search for efficiency in the professional world. Faced with the challenges posed by new forms of work, beyond salaried employment, this investment will enable Edenred to extend its expertise in communication between companies, employees and self-employed workers.

Founded in 2012, Edenred Capital Partners supports innovative companies with high growth potential, in areas related to the Group's activities. The objective is to enrich Edenred's ecosystem while initiating valuable synergies with the companies supported. The Venture Capital arm has notably contributed to the development of Andjaro, LCCC (La Compagnie des Cartes Carburant), ProwebCE and Zenchef in France, Beamery in the United Kingdom and Candex in the United States.

"We take pride in supporting Beekeeper in this new phase of its development. This new investment demonstrates our willingness to get a better grasp on how digital technology improves communication in an ever more mobile world of work." declared Philippe Dufour, Edenred's Executive Vice President, Alternative Investments.

To learn more about Edenred Capital Partners, go to:www.edenredcapitalpartners.com

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Edenred is the world leader in transactional solutions for companies, employees and merchants, with business volume of more than €26 billion generated in 2017, of which 78% through digital formats. Whether delivered via mobile, online platform, card or paper voucher, all of these solutions mean increased purchasing power for employees, optimized expense management for companies and additional business for partner merchants.

Edenred's offer is built around three business lines:

•  Employee benefits (Ticket Restaurant®, Ticket Alimentación, Ticket Plus, Nutrisavings, etc.)

•  Fleet and mobility solutions (Ticket Log, Ticket Car, UTA, Empresarial, etc.)

•  Complementary solutions including Corporate payment (Edenred Corporate Payment), Incentive and rewards (Ticket Compliments, Ticket Kadéos) and Public social programs.

The Group brings together a unique network of 44 million employees, 770,000 companies and public institutions, and 1.5 million merchants.

Listed on the Euronext Paris stock exchange and part of the CAC Next 20 index, Edenred operates in 45 countries, with close to 8,000 employees.

Follow Edenred on Twitter:www.twitter.com/Edenred

The logos and other trademarks mentioned and featured in this press release are registered trademarks of Edenred S.A., its subsidiaries or third parties. They may not be used for commercial purposes without prior written consent from their owners.

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CONTACTS

Media Relations	Investor Relations
Anne-Sophie Sibout	Solène Zammito
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anne-sophie.sibout @edenred.com	[e-mail]
Anne-Sophie Sergent	Loïc Da Silva
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[e-mail]	[e-mail]
Matthieu Santalucia
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