VAZIVA: insider trades · France · AMF

About VAZIVA

VAZIVA is a French fintech focused on the dematerialization of employee benefits. Listed under ISIN FR0014007T10, the company was founded in 2016 by Patrick Berthé and has built its business around a specialized and rapidly digitizing niche: gift vouchers, holiday benefits, cultural benefits and meal benefits distributed by works councils (CSEs), HR departments, companies and selected public bodies. Its core offering is a multi-benefit Mastercard® payment card designed to replace paper-based vouchers and fragmented legacy systems in the employee-benefits market. VAZIVA’s value proposition combines software, payments and compliance. The company provides a managed smart card and digital platform that allow employers and CSEs to allocate, monitor and secure multiple categories of social benefits while remaining aligned with French regulatory requirements, including URSSAF rules. For beneficiaries, the solution offers practical usage flexibility: payments can be made online, contactless, and across the vast Mastercard acceptance network. This makes the service attractive both from an administrative standpoint for clients and from a user-experience standpoint for employees. The company positions itself as a pioneer in the French market for digital employee benefits. Its addressable market is supported by the structural size of the French gift, holiday and meal voucher ecosystem, as well as by the ongoing digital transformation of HR-related services. VAZIVA has expanded its commercial reach from SMEs to larger corporate accounts, with key-account business becoming an increasingly important part of the revenue mix. In 2023, the company reported more than 500 corporate clients and around 200,000 active cards, a meaningful scale for a specialized fintech operating in a focused vertical. Geographically, VAZIVA remains primarily France-centered, which is where the bulk of its operations and market opportunity are concentrated. That said, management has communicated an ambition to broaden its footprint over time and to accelerate development in new markets. A major corporate milestone came in March 2024, when the company transferred its listing to Euronext Growth Paris, improving its visibility within the French small- and mid-cap market. More recently, VAZIVA reported strong annual revenue growth for 2025, underscoring the continued expansion of its business model in the digital employee-benefits space.