Shine, founded in France in 2017, aims to simplify entrepreneurship and promote positive societal and environmental innovations. As an alternative to traditional banks, Shine offers competitive online professional account solutions tailored for freelancers and business owners. With varied subscription plans, Shine also emphasizes social responsibility by providing parental leave and donating 1% of its revenue to environmental causes. This commitment, along with its innovative services, positions Shine as a valuable resource for entrepreneurs at any stage.
Discover the Mission and Background of Shine
Since its inception in 2017, Shine has set forth two key missions: to ease the entrepreneurial journey and to foster innovations that positively impact society and the environment. But who drives these ambitious goals?
If you’re in search of the ideal professional account to kickstart or expand your freelance venture, look no further. The financial landscape has evolved, and professionals are no longer bound to the expensive services of traditional banks. Innovative players like Shine have emerged, providing online professional account solutions at competitive rates accompanied by cutting-edge services. So, what exactly is Shine, and what do they bring to the table?
Shine: A French Initiative Now Part of Ageras
The Shine story began in France in 2017. Much like online banks tailored for individual consumers, the founders, Nicolas Rebound and Raphaël Simon, sought to create an online professional account service. Drawing from their own experiences navigating the complexities of entrepreneurship, they aimed to empower clients to open and manage their professional accounts effortlessly.
After several successful funding rounds, Shine became part of the Société Générale group in 2020 and was subsequently acquired by the Danish group Ageras in 2024. During this period, Shine also secured approval from the Prudential Control and Resolution Authority (ACPR), which permits it to operate fully as a payment institution, previously known as a neobank.
Exploring Shine’s Offerings
What can you expect from Shine’s professional account offerings?
Are you ready to launch your own business? Shine has you covered with its business creation packages. For instance, starting a micro-enterprise can cost as little as €59, which includes a six-month subscription to the Shine Basic professional account. For company founders, prices begin at €70 excluding VAT, which includes a full year of access to the Shine Basic professional account, and €139 excluding VAT for establishing a capital deposit account.
If you’re already registered and looking to open a professional account with Shine, the Shine Basic plan starts at €7.90 excluding VAT per month for self-employed individuals. For those seeking additional features, the Shine Plus and Shine Pro plans are available for €14.90 and €29 excluding VAT per month, respectively. Businesses can opt for the Shine Pro plan at €29 excluding VAT per month, followed by the Shine Business plan at €99 excluding VAT per month.
Shine’s most affordable option, the Shine Basic plan, equips entrepreneurs and micro-entrepreneurs with a professional account, a bank card, 30 free transfers and direct debits, along with an online invoicing tool. Furthermore, users can deposit cash for free at one of the 1,600 tobacconists listed in Shine’s mobile app, with limits based on the chosen subscription, starting from the Shine Plus plan.
Additionally, it’s worth noting that the Shine Plus, Shine Pro, and Shine Business plans allow for free check deposits, subject to certain limits. In contrast, the Shine Basic plan incurs a fee of €2 for check deposits.
Shine’s Commitment to Responsibility
Shine goes beyond merely offering online professional accounts. From its establishment, it has integrated its commitment to addressing contemporary social and environmental challenges. For instance, Shine provides a leave of absence for the second parent upon the birth of a child, lasting up to 8 weeks. Moreover, the company pledges to donate 1% of its annual revenue to organizations dedicated to environmental causes.
In conclusion, Shine stands out not only for its competitive professional account offerings but also for its dedication to making a positive impact in the world. Whether you’re just starting or looking to enhance your existing business, Shine offers the tools and support you need to succeed.