Tagged: france

French Minister Axelle Lemaire Says Buses in Shoreditch Not Necessary to Lure Fintech Firms (Video)

axelle-lemaire

Speaking on CNBC earlier today, French Deputy Minister for Innovation & Digital Affairs Axelle Lemaire promoted the French startup scene. Lemaire mentioned that  buses in Shoreditch are not necessary as the “startup scene is booming” and the amount of investment from VCs and funds is… Read More

French Crowdlending Platform Unilend Receives a €2.5 million Investment from NewAlpha’s FinTech fund 

euros money europe

Unilend, a pioneer in SME crowdlending in France, announced on September 7 that it has received a €2,5 million investment from NewAlpha Asset Management (NewAlpha). This is the third investment coming from the venture capital fund dedicated to FinTech and Assurtech that NewAlpha launched in… Read More

BNP Paribas, Citizen Capital & MAIF Avenir Give Ulule €5 Million in Funding for International Growth

Ulule Funded

Ulule has raised €5 million from BNP Paribas, Citizen Capital, and MAIF Avenir. Ulule is a rewards-based crowdfunding platform that has experienced solid growth across Europe. The platform now claims over 1.2 million members from 191 different countries. To date, Ulule has collected over $68… Read More

French Crowdinvesting Platform WiSeed Ditches Bespoke Crowdfunding Status for EU passport as Investment Services Provider

WiSeed Office sketch

This summer, crowdinvesting platform WiSeed became authorized as Investment Services Provider (ISP) by the French regulator of financial institutions, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), with the approval of the securities market regulator, the Autorité des Marchés Financiers (AMF). Obtaining this status… Read More

ECN Set to Tackle Tough Topics at Annual Crowdfunding Convention

ECN 2015 BENOIS-AMF-RAGUET-ECN-LESUR

The 5th annual European Crowdfunding Network (ECN) convention is scheduled to take place in Paris this fall and ECN has set high expectations regarding the diverse range of topics to be covered. Oliver Gajda, ECN Executive Director, labeled the gathering a must attend event as… Read More

Fidor Bank Acquired by Groupe BPCE in France

Future of Banking by The Economist in Paris March 10th 2016

Progressive German banking firm Fidor Group has been acquired by Group BPCE in France. The acquisition was described as enabling Fidor power international expansion, continue the development of its proprietary digital banking technology, and strengthen its overall presence in Europe. Fidor, an early innovator in the typically… Read More

Brief: University of Georgia Student Launches Tilt Campaign for Nice, France Terrorist Attack Victims

Flag of France

Following the devastating incident in Nice France, University of Georgia student, Max Yanke took to crowdfunding platform Tilt to raise funds for the victims. Last night, a cargo truck full of arms and grenades drove through a crowd of people in Nice who were celebrating… Read More

French Marketplace Lender Lendix Receives Spanish Regulator Approval

Hola Espana Spain

Lendix, a top SME marketplace lending platform in France, has received regulatory approval from the CNMV and is now ready to set up shop and operate in Spain. The announcement was not unexpected as Lendix had raised € 12 million earlier this year for their international… Read More

The Brexit as Viewed from the European Continent

Brexit EU Referendum

In the troubled post-Brexit context, many leaders in the UK traditional and alternative financial services are trying to reassure their market and even to present the Brexit vote as an opportunity for the UK. Their statements read like reactions of the French after a soccer… Read More

The Lending Club Predicament & The Lessons Learned

Lendit Problem Renaud Laplanche

When Lending Club, as the worldwide leader in P2P/marketplace lending and, for that matter, in the entire global crowdfunding market, runs into trouble, it is bound to send ripples way beyond its home market, the United States. And it does. The fast emerging French crowdlending… Read More

Insurer Aviva France to Lend €50 Million to SMEs Through Crowdlending Platforms

Philippe Taffin 2

Aviva France, together with two partners, alternative asset management firm Eiffel Investment Group and insurer AG2R La Mondiale, is launching an investment fund called “Prêtons Ensemble” (Lending together) dedicated to financing loans to small and medium-size enterprises (SMEs) provided through crowdlending platforms. Starting with an… Read More

French Regulatory AMF Announces Fintech, Innovation and Competitiveness Division; Selects Franck Guiader to Head FIC

franck guiader

France’s financial regulatory agency, the Autorité des Marchés Financiers (AMF), announced the launch of its Fintech, Innovation and Competitiveness (FIC) division, opportation 1 June 2016, according to the AMF. The AMF is creating a separate division to respond to changes in consumption patterns which have been… Read More

Partech Ventures Commits €3 Million in New €12 Million Funding Round for Lendix

Euros Money 200

The leading French marketplace lending platform, Lendix, is closing a new funding round and longtime investor Partech Ventures has committed €3 million confirming its support of the online lender. The additional funding will be used to financeLendix’s expansion into the Spanish and Italian markets. Lendix also… Read More

What the First Consolidation Among French Lending Marketplaces, Lendix’s Acquisition of Finsquare, Tells Us

Lendix team  Olivier Goy Pascal Ouvrard Patrick de Nonneville

Lendix, the lending marketplace that recently become number 1 in SME marketplace lending in France, announced that it has acquired crowdlending platform Finsquare. This first instance of consolidation in the French market certainly is not the last. This acquisition illustrates four trends and issues in… Read More

Finsquare Acquired by SME Marketplace Lender Lendix

GOY-Nonneville-Lendix

Marketplace lender Lendix has acquired short term loan specialist Finsquare. Lendix, the largest marketplace lending platform in France, said that Finsquare’s product addressed a “real demand for lenders and borrowers alike.”  The acquisition was viewed as highly complementary to the Lendix platform – an online lender… Read More

Minister of Economy Gives French Crowdfunding Sector a Boost

French Crowdfunding Event with Minister of Economy Emmanuel Macron

The French Minister of Economy, Emmanuel Macron was the guest star of the 3rd annual meeting of the French crowdfunding association. He expressed his commitment to the crowdfunding economy, shared his views on the regulation of innovation, and, to prove his point, announced several significant… Read More