SHINE, a French software company, has acquired LIBEO, a fintech firm specializing in managing supplier invoices and payments, for an undisclosed amount. LIBEO, which supports nearly 3,000 small and medium-sized enterprises (SMEs) and accounting firms, joins the CEGID group with its entire team. According to LIBEO, it expects to become profitable by 2025 and aims to expand its reach through this partnership. The company shifted its focus in the early 2020s after securing funding to grow in Europe, closing its British operations, and concentrating on SMEs' purchasing and expenses. This acquisition by SHINE aligns with that refocusing. AVOLTA, a financial advisory firm, advised LIBEO during the transaction, and all of its staff, including co-founders Pierre-Antoine Glandier and Jérémy Attuil, are joining SHINE. The product and pricing remain unchanged. LIBEO reported a 36% growth over one year, though the exact metric and period are not specified in the announcement. LIBEO was founded by Pierre Dutaret, Jérémy Attuil, and Pierre-Antoine Glandier to help small business leaders manage supplier payments without the need for excessive manual work between invoices, spreadsheets, and banking interfaces. The company raised 2 million euros in 2019, followed by 4 million euros in April 2020. In February 2021, it secured an additional 20 million euros from investors including DST GLOBAL, SERENA, BREEGA, and LOCALGLOBE, with the goal of expanding its B2B payment service across Europe. In July 2021, it acquired TRACKPAY, a company specializing in tracking customer payments. In a July 2025 update, LIBEO stated it had focused on the needs of restaurateurs, franchisees, and restaurant groups. It announced a 50% increase in its turnover in 2024 and achieved profitability in early 2025, though the accounting definition of this profitability was not detailed. The company's specialization in managing expenses for businesses with multiple locations gives its product practical applications. For managers running multiple restaurants or stores, invoices must be linked to the correct location, matched with an order, and validated before payment. The increase in locations leads to more documents and contacts. LIBEO handles this process, from receiving the invoice to payment. Among its clients are franchisees of CARREFOUR, MONOPRIX, and MCDONALD’S. In 2025, LIBEO launched LIBEO AI, offering features such as matching invoices with delivery notes, tracking purchase prices, and allocating expenses by sales point. Twenty clients were testing this offering. The challenge is to make invoice data usable for tracking costs and identifying discrepancies affecting profit margins. This partnership with SHINE opens up potential for LIBEO to reach a broader audience of SMEs and accounting firms. "With Shine, the complementarity is evident: same market, same culture. This partnership will allow us to accelerate and continue to simplify the daily operations of SMEs," said Pierre-Antoine Glandier. For SHINE, LIBEO strengthens its ability to handle supplier expenses, complementing its professional account, billing, and accounting tools. The goal is to link received invoices, their validation, and payment to other financial operations of the company. This development is part of an expanded scope since SHINE's acquisition by CEGID on June 8, 2026. The unit dedicated to SMEs and accounting firms, announced at that time, brought together 2,300 employees under the leadership of Rico Adlor-Andersen. The shift to electronic invoicing is happening as companies re-evaluate their tools. Since September 1, 2026, affected companies must be able to receive electronic invoices. The requirement to issue electronic invoices will extend to SMEs and micro-enterprises on September 1, 2027. For SHINE, which has the status of an approved platform, LIBEO provides useful functions for processing invoices after their receipt. The timeline and methods for integrating these functions remain to be specified. The decision to keep the product and pricing unchanged ensures immediate continuity for LIBEO's customers. The next step will depend on the group's ability to distribute the solution more widely while reducing the need to switch between different tools. It is through this work that the promise of acceleration will be realized.