Upcoop
 | |
| Formerly |
|
|---|---|
| Type | Société coopérative et participative (SCOP) |
| Industry | Financial services |
| Founded | January 1, 1964 |
| Headquarters | , |
Area served | Worldwide (26 countries) |
Key people | Youssef Achour (Chairman) |
| Products |
|
| Revenue |  €843 million (2024) |
| Owner | 100% employee-owned |
Number of employees | 3,210 (2024) |
| Subsidiaries | givve GmbH |
| Website | groupe |
| Footnotes France's first mission-driven cooperative (entreprise à mission) | |
Upcoop (formerly Groupe Chèque Déjeuner, then Groupe Up) is a French cooperative headquartered in Gennevilliers, near Paris. Founded in 1964, the company issues meal vouchers and gift cards for businesses and public authorities.[1]
Legal structure
[edit]Upcoop is a Société coopérative et participative (SCOP) with a share capital of €1,689,712. The company is 100% owned by its employee-members and has no external shareholders or investment funds. The cooperative heads a group of 88 entities.[2] In January 2023, Upcoop became France's first mission-driven SCOP (entreprise à mission).[3]
Financial data
[edit]In 2024, the group reported consolidated revenue of €843 million and employs 3,210 people across 26 countries on 4 continents.[4]
Products
[edit]Upcoop issues meal vouchers (UpDéjeuner) and gift cards (UpCadhoc).
International presence
[edit]Upcoop operates in 26 countries across Europe, the Americas, Africa and Asia, including Belgium, Brazil, Bulgaria, Czech Republic, Germany, Hungary, Italy, Mexico, Morocco, Poland, Portugal, Romania, Spain, Tunisia and Turkey.[5]
The group first expanded internationally to Spain in 1992, then to Eastern Europe from 1995 onwards, and to Latin America with implantations in Mexico (2013) and Brazil (2015).[6]
In August 2018, Upcoop acquired the Munich-based fintech company givve GmbH, a specialist in employee benefits and prepaid payment cards, for approximately €20 million. The transaction was advised by European corporate finance firm Clipperton.[7][8]
References
[edit]- ↑ "UP COOP – SIREN 642044366". societe.com. Retrieved 2026-04-14.
- ↑ "UP COOP – Company information". verif.com. Retrieved 2026-04-14.
- ↑ "Non-Financial Performance Statement 2023" (PDF). Upcoop group. Retrieved 2026-04-14.
- ↑ "Upcoop". entreprises.coop. Retrieved 2026-04-14.
- ↑ "Upcoop in the world". groupe.up.coop. Retrieved 2026-04-14.
- ↑ "Milestones: 2015–2019 Up era". groupe.up.coop. Retrieved 2026-04-14.
- ↑ "German Fintech startup givve sold to the Up group". clipperton.com. 2018-07-01. Retrieved 2026-04-14.
- ↑ "French Up group Acquires German Fintech Startup givve". finsmes.com. 2018-08-03. Retrieved 2026-04-14.