/Companies

Shine

Acquired

3 known investors

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Acquired by Société Générale June 2020 · terms undisclosed — around €100 million (disputed exact figure) · source ↗

Shine provides banking, accounting, payroll, and tax management tools for small business owners to reduce administrative friction. The company operates across four European markets and aims to help entrepreneurs focus on business growth rather than financial administration.

Founders & leadership

MHMartin Hegelund
Martin HegelundCo-founderMartin Hegelund is co-founder of Shine, a platform providing banking, accounting, payroll, and tax management tools for small business owners. He previously founded an advertising marketplace (2007), an online marketing agency (2008), an insurance broker (2010), a professional services marketplace (2012), and an automated bookkeeping system (2018).
RA
Rico AndersenCo-founder

Investors · 3

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Frequently asked questions

What does Shine do?
Shine provides banking, accounting, payroll, and tax management tools for small business owners to reduce administrative friction. The company operates across four European markets and aims to help entrepreneurs focus on business growth rather than financial administration.
Who founded Shine?
Shine was founded by Martin Hegelund, Rico Andersen.
Who are Shine's investors?
Shine's investors include CNI, Daphni, XAnge.