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Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Payments
edenred.com

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Investments

4

Partners & Customers

10

About Edenred

Edenred (OTCMKTS: EDNMY) provides transactional solutions for companies, employees, and merchants worldwide. The company offers specific-purpose payment solutions for food, mobility, incentives and corporate payments. These solutions enhance user’s well-being and purchasing power, improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy.

Edenred Headquarter Location

14-16 boulevard Garibaldi

Issy les Moulineaux, 92130,

France

+33 (0)1 74 31 75 00

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Edenred Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Edenred Rank

Research containing Edenred

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CB Insights Intelligence Analysts have mentioned Edenred in 1 CB Insights research brief, most recently on Dec 14, 2021.

Latest Edenred News

Smart Home Healthcare Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

May 3, 2022

Impact, and Forecasts (2022 - 2027)" - https://www.reportlinker.com/p06272910/?utm_source=GNW Growing alongside this trend is the potential for healthcare services to be provided in a smart home. Key Highlights Connected homes can also help hospitals increase efficiency, prioritizing cases based on urgency and freeing-up beds. 90% of the nation’s USD 3.3 trillion annual healthcare expenditure is spent on individuals with chronic and mental health conditions, according to the Centers for Disease Control and Prevention These patients would be helping hospitals save on monitoring and rehabilitation expenses by availing of services at home. The self-care revolution has witnessed online pharmaceutical stores, telemedicine, and remote patient monitoring due to technological advancements in recent times. Soon, smart homes will be the sources of primary care. Ongoing monitoring has been facing issues because the in-home care industry is expected to fill an estimated 4.7 million home care jobs, as per PHI. Then, Paul Osterman from MIT estimated that the LTSS field requires additional 13.1 million family caregivers from 2015 to 2040 and currently faces a shortfall of up to 11 million caregivers. A growing aging population leads to an urgent need to find ways to improve patient outcomes, access to care, and reduce the overall cost. The active aging industry in the United States includes safety and smart-living technologies, health and remote care, and wellness and fitness technologies. It is expected to triple by 2022, as per the Consumer Technology Association. With health and remote care leading, wellness and fitness technologies for seniors are expected to reach USD 900 million by 2022. Across the growing home healthcare field, the portability and dissemination of computerized patient records serve as a significant health data risk to interception by hackers, leading to the violations of the Health Insurance Portability and Accountability Act (HIPAA). Such violations could attract substantial penalties and fines for operators/device manufacturers and service providers across the smart home healthcare segment. As technology advancements continue in the home healthcare field, providers and their parent companies must balance potential risks against these technologies’ benefits. During the COVID-19 pandemic, connected health and RPM (remote patient monitoring) became more pervasive. These methods and services enabled physicians to monitor patients contactless, preventing the spread of the novel coronavirus. This facilitated them by increasing the bed space for patients with severe cases. Hospitals, since then, have been actively supporting the usage of connected health and RPM and fostering the same toward building a smart home healthcare lifestyle, even in the post-pandemic world. Key Market Trends Growing Importance of Health and Wellness and Exploring Relevant Areas to Drive the Market Growth Various government initiatives to enhance longevity facilitate a fast-paced growth of the global population. Most developed nations are increasingly observing a rise in the number of aging Populus. According to the WHO, by 2030, one in six people will be aged 60 years or over worldwide. The share of the population aged 60 years and over may increase from 1.0 billion in 2020 to 1.4 billion. By 2050, the world’s population of 60 years and older may double (2.1 billion). The population worldwide aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million. Consumers are increasingly adopting healthier diets and exercise routines to maintain a healthy lifestyle, and technology is helping maintain such a lifestyle in developed countries. In 2021, Edenred and its partners surveyed more than 44,000 workers and over 1,000 restaurant owners in 13 European countries. They aimed to study lunch trends and found that in 2021, more than 67% of European workers surveyed said they had used meal delivery or click and collect services either at the office or while working from home. The growth of smart living and smart cities’ concepts will shape the market demand over the coming years, further facilitating the adoption of smart homes and living technology. Urban farming in indoor spaces using vertical and horizontal farming is expected to gain traction. It may help maintain a constant supply of healthy food for the growing health and fitness needs. Moreover, in-depth connected ecosystems focusing on wellness and management will offer industry and non-industry players the most significant opportunities. Although healthcare providers prefer developing in-house solutions, industry partnerships may help them establish therapeutic ecosystems that deliver value through multiple points of care. Asia Pacific to Witness Highest Growth The digital transformation and the explosion in IoT devices aim to modernize healthcare delivery in the Asia Pacific healthcare market. Moreover, worldwide, manufacturers have been providing effective and affordable solutions, specifically for Asian smart homes. Within Asia, Taiwan, South Korea, and Singapore are countries depicting high data connectivity. Moreover, with rising high-income households, greater penetration of smart homes is expected. Also, Singapore is one of the fastest aging societies, has 639,000 people aged 65 and over, making up one-fifth of the total population, as per Statistics Singapore in 2021. Based on the statistics, the number of people aged 65 and above is expected to grow dramatically in the near term. And in 2021, one-fifth of the total population in China were aged 60 and older, with the country’s smart technology penetration in their homes rising. And by 2050, these figures are foreseen to grow to around 458 million in China, PopulationPyramid.net estimates. The region’s rising generation of individuals growing up with technology promises a potential market adoption in the near term as critical barriers such as acquiring new technical skills will not remain. Similarly, healthcare tools are working on established platforms like WeChat with billions of users across China and India. Further, allied smart health tech startups have been witnessed shifting from the U.S./UK to Asia due to growing awareness of well-being and the rising aging population. For instance, Carrier announced in October 2021 that it is expanding its Healthy Homes initiative in China with the launch of its new Kidde MOON smart home gadget series. The new product range, which includes smoke and gas detectors and temperature, relative humidity, water leak, and motion detectors, marks the company’s entry into China’s rapidly growing residential smart home products market. Competitive Landscape The smart home healthcare market is consolidated. The companies are launching new products and leveraging strategic collaborative initiatives to increase their market share and increase profitability. Some of the recent developments in the market are: August 2021 - Eight Sleep, a New York-based sleep fitness company, raised USD 86.0 million for its smart mattress and ‘sleep fitness’ technology and approached USD 500.0 million valuations. Series C brings the total investment raised by Eight Sleep to USD 150.0 million. The investment, which brought the company’s total equity fund, was led by the founder’s fund with participation from Craft Ventures, Y Combinator, 8VC, Ryan Peterson, and others. The company intends to use the funds raised to continue to double the team, expand its retail footprint, and reinforce its investment in R&D activities. June 2021 - Eight Sleep introduced Sleep OS, the world’s first data-driven digitalized ecosystem focused on sleep optimization. SleepOS offers a host of features, including Sleep and Health Insights and Smart Temp Autopilot. The SleepOS provides personalized operation of the mattresses through AI-driven input data based on past temperature preferences and customer feedback. Additional Benefits:

Edenred Investments

4 Investments

Edenred has made 4 investments. Their latest investment was in Belonio as part of their Corporate Minority on March 3, 2021.

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Edenred Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/26/2021

Corporate Minority

Belonio

Yes

2

10/20/2014

Secondary Market

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10

10/15/2014

Corporate Minority

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10

4/5/2013

Series D

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$99M

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10

Date

3/26/2021

10/20/2014

10/15/2014

4/5/2013

Round

Corporate Minority

Secondary Market

Corporate Minority

Series D

Company

Belonio

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Amount

$99M

New?

Yes

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Co-Investors

Sources

2

10

10

10

Edenred Acquisitions

14 Acquisitions

Edenred acquired 14 companies. Their latest acquisition was Greenpass on February 22, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/22/2022

$99M

Corporate Majority

2

5/13/2020

$99M

Acquired Unit

1

1/10/2020

$99M

Acquired Unit

1

7/30/2019

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$99M

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10

5/28/2019

Other

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$99M

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10

Date

2/22/2022

5/13/2020

1/10/2020

7/30/2019

5/28/2019

Investment Stage

Other

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Corporate Majority

Acquired Unit

Acquired Unit

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Sources

2

1

1

10

10

Edenred Partners & Customers

10 Partners and customers

Edenred has 10 strategic partners and customers. Edenred recently partnered with Ridepanda on February 2, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

2/23/2022

Partner

United States

New Partnership with Edenred to Increase E-Bike and E-Scooter Offerings.

The partnership between Edenred and Ridepanda will undoubtedly add more options to address workers ' commute challenges through a wider variety of environmentally-friendly transit options .

1

12/7/2021

Partner

United States

09:00 ET Edenred to Increase Micromobility Offerings Through New Partnership with Ridepanda

This partnership is aligned with Edenred 's participation as a Founding Partner of the Intuit Climate Action Marketplace .

2

11/1/2021

Client

Denmark

PPS and ViaBill join forces to bring BNPL to shoppers in-store and online

PPS and ViaBill join forces to bring BNPL to shoppers in-store and online

3

11/1/2021

Client

Denmark

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10

7/29/2021

Licensee

Canada

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10

Date

2/23/2022

12/7/2021

11/1/2021

11/1/2021

7/29/2021

Type

Partner

Partner

Client

Client

Licensee

Business Partner

Country

United States

United States

Denmark

Denmark

Canada

News Snippet

New Partnership with Edenred to Increase E-Bike and E-Scooter Offerings.

The partnership between Edenred and Ridepanda will undoubtedly add more options to address workers ' commute challenges through a wider variety of environmentally-friendly transit options .

09:00 ET Edenred to Increase Micromobility Offerings Through New Partnership with Ridepanda

This partnership is aligned with Edenred 's participation as a Founding Partner of the Intuit Climate Action Marketplace .

PPS and ViaBill join forces to bring BNPL to shoppers in-store and online

PPS and ViaBill join forces to bring BNPL to shoppers in-store and online

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Sources

1

2

3

10

10

Edenred Team

15 Team Members

Edenred has 15 team members, including current Chief Executive Officer, Bertrand Dumazy.

Name

Work History

Title

Status

Bertrand Dumazy

Chief Executive Officer

Current

Gilles Coccoli

Chief Operating Officer

Current

Arnaud Erulin

Chief Operating Officer

Current

Jean-Urbain Hubau

Chief Operating Officer

Current

Jacques Adoue

Executive Vice President

Current

Name

Bertrand Dumazy

Gilles Coccoli

Arnaud Erulin

Jean-Urbain Hubau

Jacques Adoue

Work History

Title

Chief Executive Officer

Chief Operating Officer

Chief Operating Officer

Chief Operating Officer

Executive Vice President

Status

Current

Current

Current

Current

Current

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