Fintech Treezor (PR42 profile) has gained a new investor in Mastercard.
Mastercard is investing in its partnership with Treezor, the fintech subsidiary of bank Société Générale.
Treezor was acquired by Société Générale in 2019.
The credit card company acquired a minority stake in the fintech from the French institution, Mastercard announced Tuesday.
The company provides banking services and solutions for non-banking companies looking to integrate financial products into their offerings. Through the partnership with Mastercard, Treezor hopes to accelerate its expansion in Germany, Italy, Spain and the Benelux countries.
