Tagged: france

French Fintech Pennylane, which Provides Bookkeeping Solutions, Secures Investment from Sequoia Capital

French Fintech firm Pennylane has acquired €15 million in capital in order to expand its bookkeeping and financial management services. The Pennylane platform has been designed to allow SME owners to view all of their real-time financial data from a single dashboard. Established in 2020,… Read More

CBDCs: Swiss National Bank, Banque de France, BIS Innovation Hub, Accenture Launch New Digital Currency Pilot

The Swiss National Bank, the Banque de France and the BIS Innovation Hub and a private sector consortium being led by Accenture will be carrying out a pilot program by using wholesale central bank digital currencies (CBDCs) for settling cross-border transfers. The private sector consortium… Read More

10T Leads $380 Million Funding of Ledger, Draper Esprit Joins Round

Ledger, a popular seller of wallets for digital assets, has raised $380 million in a Series C funding round. The funding was led by 10T, alongside other investors from our Series B round such as Cathay Innovation, Draper Associates, Draper Dragon, Draper Esprit, DCG, and… Read More

London based Fintech Finastra to Offer Fusion Risk Solution to Arkéa Banking Services

Finastra, a financial services software and Cloud-enabled solutions provider, revealed on Tuesday (June 8, 2021) that Arkéa Banking Services, a subsidiary of Crédit Mutuel Arkéa and a company focused on banking and insurance services in France, has chosen Finastra’s Fusion Risk solution to help enhance… Read More

Leading App Marketplace AppGallery Introduceas NFC Payments in European Markets

AppGallery, a leading app marketplace, has introduced near-field communication (NFC) payments in European markets, after forming a partnership with Stocard, a leading mobile wallet provider. After teaming up with AppGallery, Stocard worked closely with Huawei to integrate Huawei Mobile Services (HMS) Core capabilities within its… Read More

London’s Carrousel Digital and a French Digital Security Firm Introduce Innovative Funds, Data Transfer System

Carrousel Digital, the London-headquartered financial boutique, and its partner, Paris-based Marbeuf Conseil et Recherche, the digital security developer, have introduced Moneytak, a system that supports the transfer of funds or documents between two digital objects without needing a connection to a server when the transaction… Read More

Gregoire de Lestapis, CEO at Online SME Lender October’s Spanish Division, Shares Latest Market Insights

Gregoire de Lestapis, CEO of October (Spain), a European online lender, recently noted that Spain is a country with many SMEs. Gregoire revealed during a recent interview that Spanish SMEs “account for 99% of the total companies in the country, and 70% of employment and… Read More

Crypto Hardware Wallet Firm Ledger Hires Senior Execs from Opera, eToro

Ledger, a provider of security and infrastructure solutions for digital assets, has hired Iqbal V. Gandham, and Charles Hamel. As mentioned in a release shared with CI, the new hires have joined Ledger from eToro and Opera. They’ll be serving as executive leads at Ledger… Read More

French Fintech Finary Scores €2.2 Million in Seed Funding Round Led By Speedinvest

  Finary, a France-based fintech that is focused on online, real-time investment monitoring across various asset classes, announced on Tuesday it raised €2.2 million through its latest seed funding round, which was led by Speedinvest, with participation from Y Combinator, Kima Ventures, and angel investors. Founded… Read More

France’s Shift Technology, an SaaS Provider of AI based Decision Automation for Insurance, Secures $220M via Series D

France-based Shift Technology, an SaaS provider of AI-enhanced decision automation and optimization solutions for the insurance sector, recently revealed that it has finalized a $220 million Series D funding round. Shift Technology‘s latest investment round brings total investment in the company to $320 million along… Read More

European Fintechs Qonto and October Join Forces to Offer Instant Credit to Small Businesses

European Fintechs Qonto and October revolutionize lending to small and very small businesses.  Qonto, a European finance management solution provider which has attracted more than 150,000 European companies looking to improve their day-to-day banking, and October, the No. 1 SME lending platform in Continental Europe… Read More

Bank of France Official Says CBDCs Might Challenge Role of Large Banks in Settlement of Transfers

Central bank digital currencies or CBDCs might offer new types of businesses improved access to cost-effective reserve bank funding while potentially reducing the role of large banking institutions when it comes to settling big transactions, according to recent statements from a senior Bank of France… Read More

European Online Lender October to Issue Instant €15-€30K Loans with New Credit Scoring Model, Kea

European online lender  October says its always looking for and finding ways to empower businesses by simplifying and “democratizing” their funding. Since 2014, October has been helping SMEs in five different countries, becoming one of the leading small business lending platforms in Europe. October confirms… Read More

Equisafe Launches Equisafe Markets, a Secondary Market for Digital Securities

Equisafe, a Paris-based digital blockchain-based transfer agent, has announced the launch of Equisafe Markets, a secondary market for digital securities. Equisafe said that the first listing on the market will be Carthagea, a French operator of medicalized residences in Tunisia with its head office in France…. Read More

European Online Lender October Reports its Best Quarter Ever, Founder Olivier Goy Reveals that Many More SMEs are Being Supported

European online lender October reports its best quarter ever (during Q1 2021). Meilleur Q1 ever sur @October_EU : +126% en € versus 2020 et +181% en nombre de TPE & PME accompagnées (149 entreprises). Et un Q2 avec des innovations structurelles dès avril #staytuned 🇪🇺… Read More

Astorya, Search Engine for Insurance and Banking Tech, Reviews 10 Years of Insurtech in Europe

Astorya.io, which aims to serve as the search engine for Insurance and Banking technologies, has published a blog post, titled InsurTech Europe: 10 Years Of InsurTech In Europe Analyzed Through 800+ Startups (based on data from astorya.io). While discussing how InsurTech startups are gaining considerable… Read More

Fintech Lending: Smart Lenders Asset Management Reports Over $300 Million in AUM

Smart Lenders Asset Management, a Paris-based investment firm that specializes in managing loans originated from online lending platforms, is reporting over $300 million in Assets Under Management (AUM) in Moonstone Lending SICAV it manages. The SICAV is open to professional investors only. The Smart Lenders… Read More

European Online Lender October Reports 1,270 Initiatives Receiving Financing Totaling €535M, €283M Repaid to Lenders

European online lender October reveals that it works with firms from all industries so it can help them with financing the growth of their operations. The October team notes in a blog post that since 2016, they’ve been supporting companies and they offer them “the… Read More

French Fintech PayFit Secures €90 Million Through Series D Funding Round

  PayFit, a France-based fintech that specializes in payroll and HR, announced on Wednesday it secured 90 million through its Series D funding round which was led b y Eurazeo Growth, Large Venture, and BPI France with participation from Accel, Frst, and Xavier Niel. Launched… Read More

France-Based Digital Asset & Blockchain Application Solutions Provider Ledger Announces Enterprise Solutions Division For Institutions

    Ledger, a France-based provider of security and infrastructure solutions for digital assets and blockchain applications, announced on Tuesday the formation of Ledger Enterprise Solutions. According to Ledger, Ledger Enterprise Solutions is a new business unit dedicated to bringing Ledger’s digital asset custody and… Read More

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