shine oneline B2B bank
Launch year: 2018
Country: France
Funds raised: $11.8M in total

Shine the B2B online bank for young entrepreneurs

Concept description

Following the steps of Qonto, Shine the B2B online bank wants to disrupt this industry and be the N26  for professionals

Shine is one of the few startups to be accredited by the ACPR to run a 100% full online B2B bank.

After an initial 2.8M € funding from Daphni, Kima Ventures, and several business angels. The startup raised a second round from XAnge and Daphni to accelerate its rapid growth.

Shine claims to have attracted more than 50K users since its launch

The company puts a particular focus on its social and environmental engagement.

In fact, they are one of the few startups to disclose their salaries & carbon footprint details.

To support its rapid growth a new funding round is highly possible after the success of Qonto and its $115M secured from Tencent & DST Global.

Value proposition

Shine targets young entrepreneurs, in particular Freelancers and Micro-enterprise owners.

To do so, the startup bets on 3 pillars:

  1. Simplicity: Open a Shine account is done within minutes, you only need your smartphone and ID
  2. Flexibility: The API allows easy integration with several apps
  3. Very aggressive pricing:
    • Freelancer starting from 3.9€/month
    • Entrepreneurs starting from 7.9€/month
    • Company incorporation at 119€

shine b2b online bank

The startup launched recently an insurance against unpaid bills, on a very disruptive model.

In fact, with a fixed 2% cost -of the invoice- the entrepreneur can issue an invoice from Shine that is paid on due date by the bank.

The service is currently available for France only, but the management team targets a quick expansion to other European countries.

Illustration (Video)

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