In brief: Crédit Agricole launches two new offers for the self-employed

Following the acquisition of SFPMEI, renamed Okali, the Crédit Agricole group announced that it had built a banking offering for professionals based on the technical architecture of its new Banking-as-a-Service subsidiary. This launch is now official, with the marketing of two distinct offers, one within Crédit Agricole, the other within LCL.

This launch follows a trial phase, which has now resulted in the launch of two new banks for professionals (individual entrepreneurs and the self-employed): Propulse by Crédit Agricole and LCL Essentiel Pro

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As with its competitors, the emphasis is on management services to lighten the administrative burden: this includes management of expense accounts, management of quotes and invoices, online capital deposit, as well as pre-calculation, remote declaration and online payment of the Urssaf.

In addition to competition from neo-banks for professionals, such as Qonto, the best known, and Shine, acquired by Société Générale, Crédit Agricole will also face competition from banking players such as BNP with its Hello Business offer.

For its part, Blank, the neo-bank for professionals created within La Fabrique by CA and launched in 2020, will continue to exist under its own brand. This is a demonstration of Okali's ability to make its infrastructure available to different brands and needs.

The objective is to win 250,000 customers by 2025 for all its subsidiaries for professionals.