Shine vs Indy
short answerBoth are traditional neobanks with similar positioning — the real differences are FX markup, fees, license and geography, compared field by field below.
Shine: Freelancer banking (Société Générale).
Indy: Freelancer accounting + banking.
Side by side
| Shine | Indy | |
|---|---|---|
| Category | traditional | traditional |
| Audience | freelancers & creators | freelancers & creators |
| HQ | Paris, FR | Lyon, FR |
| Founded | 2017 | 2016 |
| Custody | Custodial | Custodial |
| Regulation | Payment institution | E-money institution |
| License detail | Payment institution (ACPR n°71758, France); funds safeguarded at Société Générale | Accounts via Swan, ACPR-licensed e-money institution (France); French IBAN |
| Card | MC · Business debit | MC · Business account |
| Cashback | — | — |
| Yield | — | — |
| FX markup | — | — |
| Services | — | — |
| Stablecoins | No | No |
| KYC | Yes | Yes |
| Regions | Europe | Europe |
| Reported users | — | — |
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.