Tagged: france

France Fines UBS, Switzerland’s Largest Bank, $5.1 Billion for Aiding Tax Evasion

UBS, Switzerland’s largest bank, was fined 4.5 billion Euros ($5.1 billion USD) Wednesday for “aggravated money-laundering of the proceeds of tax fraud” as well as “illegal bank soliciting” for its alleged role in helping wealthy French citizens avoid taxes, Associated Press reports. Five former UBS… Read More

Anaxago Capital Launches 1st Investment Fund: 100% Online Real Estate Convertible Bonds

Launched last quarter, Anaxago Capital, the asset management sister of French equity crowdfunding platform Anaxago, announces its first investment fund. FCPR ANAXAGO SOCIETY ONE is a real estate development fund dedicate to funding construction and renovation projects. Anaxago Capital aims to raise €30 million to… Read More

Fintech in France: Lemon Way is Experiencing Rapid Growth, Tops 5.7 Million European Accounts

Payments platform Lemon Way is reporting solid growth. The France-based Fintech says it has experienced “astounding growth in Europe with major increases to turnover and new payment accounts for 2018.” Founded in 2012, Lemon Way is a payments provider that has targeted the digital industry… Read More

Apple Pay Finally Arrives to BNP Paribas & Hello Bank! Customers in France

BNP Paribas announced earlier this week that it is now offering Apple Pay to its customers, as well as Hello bank! customers in France. This news comes just a couple of months after BNP Paribas announced it was bringing Apple Pay to its customers in Belgium. … Read More

Younited Credit Passes the €1 billon Mark and Extends its Credit-as-a-Service Offering

At the Paris Fintech Forum, Charles Egly, Co-founder & CEO, Younited Credit highlighted his company’s latest achievements and the recent strategic development of its Credit-as-a-service offering. Among the achievements, Younited Credit announced that it passed the €1 billion mark in consumer credit origination. Among direct… Read More

A Fireside Chat With EstateGuru, the P2P Lender that Takes Property Finance Across Borders

The Paris Fintech Forum gathers more than 2,500 participants this week in Paris at the old stock exchange to meet hundreds of Fintechs and listen to more than 200 CEOs, heads of government and regulation agencies, as well as luminaries such as Ms Christine Lagarde,… Read More

French SME Lending Marketplace Credit.fr Acquires Real Estate Lending Marketplace Homunity

French SME crowdlending platform Credit.fr has announced the acquisition of Homunity, a real estate crowdlending platform. The acquisition is a welcome move in a fragmented marketplace. The acquisition of Homunity, France’s leading independent real estate crowdfunding platform, enables Credit.fr to strengthen its position in the… Read More

In France, SME “Crowdlending” Delivered 18% Growth in 2018

According to a report from Mathieu George of Crowdlending.fr, the SME peer to peer lending market in France delivered decent growth during 2018. Overall, the market grew by 18% led by October – €59.6m (formerly known as Lendix) followed by Credit.fr – € 20.1m  and then… Read More

European Securities and Markets Authority Tells European Commission that ICOs and Crypto Assets Need an EU Wide Regulatory Approach

The European Securities and Markets Authority (ESMA) has just published its “Advice” on “Initial Coin Offerings and Crypto-Assets.” In the past, ESMA has issued several warnings regarding crypto-assets and virtual currencies. The Advice outlines ESMA’s position on the issues that exist in the rules within ESMA’s… Read More

France: Decree Moves Securities on Blockchain Forward with Legal Structure

On December 24th, the French Government issued a decree (Décret n°2018-1226 du 24 décembre 2018) outlining the utilization of blockchain for securities. Specifically, for the “use of a shared electronic recording device for the representation and transmission of financial securities and for the issue and sale… Read More

Fintech News: The Biggest Fintech Stories of 2018

Fintech, or financial innovation, is pervasive within the financial services industry. Innovation has always existed in this sector of business but the advent of the internet combined with the creativity of risk taking entrepreneurs has engendered an accelerated period of disruptive change in finance. Think about… Read More

France: Fintech’s Year 2018 in Review – Maturity, Consolidation and Challenges

Ever since the Brexit, France has aimed to establish itself as the Continental European alternative to the London Fintech hub. The goal is ambitious. France is home to many a worldwide leading financial institution such as global Nr. 1 insurer AXA and Nr 1 non-Chinese… Read More

Don’t Do Another Minitel! French MP Jean Michel Mis Touts Blockchain Opportunity

A report delivered to the French National Assembly advocated transforming France into the “Blockchain Nation.” According to MP Jean Michel Mis, the goal is to pursue three objectives (translated): to make pedagogical work, by presenting the state of the art and its possible uses; to… Read More

French Fintech Lydia Introduces Google Pay to Users

Lydia, the French mobile payments firm, announced on Tuesday it is now offering Google Pay to all its Android users. The new service will allow users to contactless pay for their items. As previously reported, Lydia was launched in 2013 and claims it has become an “essential” app… Read More

Security Token Platform Neufund Partners with Ledger to Secure Digital Assets

Security token issuance platform Neufund has announced a new partnership with Ledger, a crypto wallet and secure custody platform for digital assets. Ledger’s solutions are already incorporated into Neufund’s platform and this new agreement builds on previous collaboration, which created a special edition of the Ledger Nano S… Read More

BNP Paribas Set to Bring Apple Pay to Customers in Belgium

BNP Paribas, the global Top-10 bank headquartered in France, announced on Wednesday it is set to bring Apple Pay to customers located in Belgium. The news comes after the banking group brought Apple Pay available to its clients in the USA in 2016, followed by… Read More

Online Lender October Officially Launches in the Netherlands

Online lender October (formerly Lendix) has launched in the Netherlands. Alongside this expansion, the Paris based October is providing SME financing in France, Spain, and Italy. According to a note from October, SMEs may apply for loans ranging from €30,000 and up to €3.5 million. The marketplace… Read More

France to Change the Tax Regime for Cryptoasset Gains

While the price of bitcoin and most cryptocurrencies is experiencing one of its frequents crashes, the French government and the French regulators are steadfastly working hand in hand to make France a cryptoasset-friendly country. After tackling the issue of initial coin offering (ICO) regulation and… Read More

October Rallies €255 Billion Worth of Corporate Support to Promote Crowdlending

October (formerly Lendix), the newly rebranded European SME lending marketplace made a splash today with what is probably the most creative promotional campaign in the history of crowdlending. To date, the October platform has facilitated more than €240 million worth of loans to 500 small… Read More

Will They or Won’t They? France Backpedals on Decision to Allow Bitcoin Sales at Tobacco Shops

The Bank of France says that a much-publicized decision by its offshoot, The Prudential Supervisory Authority, to allow 3-4000 French tobacconists to start selling Bitcoin “coupons” has not been approved by the central bank itself, Europe 1 reports. According to a statement by the Bank of… Read More

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