Mon Petit Placement, a France-based Fintech, has raised €6.5 Million in growth funding, according to a statement by the firm.
The funding round was led by La France Mutualiste, a mutual group that supports more than 290,000 member customers which manages €8.8 billion in assets.
Mon Petit Placement said it will distribute life insurance and retirement savings products from La France Mutualiste from 2024. On the other side, La France Mutualiste will benefit from the sharing of expertise of Mon Petit Placement in terms of digitalization.
Thomas Perret, president and founder of Mon Petit Placement, commented on the funding round:
“We share a similar culture and missions with La France Mutualiste. This partnership allows us to continue our development with the support of a solid partner. We will be able to continue to enrich our offer in order to make savings truly accessible to all, that is to say by addressing a neglected target that no one wants to advise today but who wish to get started and be taken by the hand.”
Mon Petit Placement is an investment platform for retail investors that offers several structured products all accessible on the company’s app. This includes savings accounts, life insurance, security and real estate.
In France, the company reports over €115 million in assets and more than 25,000 investor accounts.
The company says it plans to launch several projects in 202 while working on their brand, as well as recruitment.