L'Atout
Centralized employee benefits app and payment card.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | €2.0m | Seed | |
| Total Funding | 000k | ||
L'Atout is a French financial technology company that provides a platform for managing employee benefits. Founded in 2023 by Cédric Leblanc and Louis de Fautereau, the startup aims to simplify and enhance the visibility of employee benefits programs. Leblanc has prior entrepreneurial experience, having founded Comitéo, a SaaS platform for works councils which was sold to Natixis, and was involved in the launch of Bimpli. De Fautereau previously served as the Director of e-commerce activities for the Pernod Ricard group. The founding team also includes CTO Geoffroy Ledoux and Nicolas Verschaeve, who handles strategic partnerships.
The company's core product is a mobile application that consolidates all of a company's employee benefits—such as meal vouchers, vacation checks, and gift cards—into a single interface. This is complemented by a unified payment card, allowing employees to use their various benefits seamlessly. The platform is designed to provide clarity for both employers and employees, addressing the common issue of underutilization of available benefits. For businesses, primarily Small and Medium-sized Enterprises (SMEs), L'Atout offers tools to manage their benefits packages and uses a proprietary AI to provide insights for optimizing their compensation policies.
L'Atout operates on a B2B model, targeting companies and their HR departments. After six months of commercial operation, the company had acquired around twenty SME clients. In March 2024, L'Atout announced a €2 million funding round, consisting of €1.4 million in equity and €600,000 in debt. Key investors include the Paris Region Venture Fund, Bpifrance, and several business angels. This capital is intended to fuel technological development, expand the range of benefits offered, and support marketing and sales efforts with an eye toward future European expansion.
Keywords: employee benefits, benefits administration, fintech, HR technology, payment card, meal vouchers, employee engagement, compensation management, SaaS, SME solutions, total rewards, employee experience, benefits platform, corporate wellness, purchasing power, talent retention, employer branding