Tagged: france

France’s Online Alternative Finance Doubles in Size – Crowdfunding Grows 40%

The French Crowdfunding Association (Financement Participatif France) released today the 3rd edition of its annual industry Barometer. For the first time, the data was compiled by auditing and consulting firm KPMG, which lends to the Barometer additional weight. The association was represented, among other board… Read More

Big Ticket Borrowing: Midsized Companies Turn to Marketplace Lending at Lendix & Creditshelf

At the onset of the marketplace lending market, lending to businesses was equated with lending to small and very small businesses: businesses at the low end of the small and medium-size enterprise (SME) market who were borrowing on average under €100,000.  However, as the alternative lending… Read More

Anaxago Opens Up French Real Estate Crowdfunding to Institutional Investors

Anaxago Immobilier, the real estate arm of leading French equity crowdfunding platform announced last Saturday that it has secured € 10 million of funding pledged by a group of French institutional investors, qualified investors, and family offices to finance real estate development projects alongside retail… Read More

SME Lender Lendix Launches First Spanish Project, Lenders Across Europe May Invest

Just as Funding Circle is pulling out of Spain, peer to peer lender Lendix is moving in and announcing its first Spanish project. Following approval by the Comisión Nacional del Mercado de Valores (CNMV), Lendix has posted an opportunity to lend to JIZ Operaciones SL,… Read More

French Finance Regulators Embrace Fintech

With more than 1700 participants from 35 countries, the recent Paris Fintech Forum demonstrated the strength of the French Fintech ecosystem and the attractiveness of Paris as a financial center. French officials and financial regulators participated in the event with a strong delegation and asserted… Read More

JumpstartFund’s Hyperloop to Open New Facility in Toulouse, France

Jumpstartfund’s Hyperloop Transportation Technologies, Inc. (HTT) announced on Tuesday it signed an agreement with the city of Toulouse, France to open a facility for the development and testing of the Hyperloop-related technologies. This news comes shortly after Hyperloop’s announcement of surpassing $100 million in in-kind and… Read More

P2P Lender Linked Finance Receives Backing from Eiffel Investment Group

Linked Finance, an Irish peer to peer lending platform, has signed an agreement with Eiffel Investment Group to back Irish SME loans.  The partnership was spawned in part by Linked Finance’s rapid growth of 132% over the past 6 months. Eiffel Investment Group will contribute… Read More

Tout Perdu: First Big Loss Hits French Real Estate Crowdfunding Sector

While real estate crowdfunding holds much promise, risk remains. France, home of multiple real estate crowdfunding platforms, has just experienced its first big loss. According to a report in Capital, real estate developer Terlat has used two crowdfunding platforms to finance projects. Terlat has leveraged… Read More

Software Publisher Misys Launches White Label Crowdlending Platform

Today on the Parisian leg of a world tour called Misys Connect Forum, banking software publisher Misys announced the launch of a new addition to its offering of financial software solutions: Misys FusionBanking CrowdLending. The software-as-a-service (SaaS) solution aims at enabling retail and corporate banks… Read More

Ciao Italia! Lendix Expands into Italy

Marketplace lending platform Lendix has landed in Italy. The Paris-based operation has announced the appointment of Sergio Zocchi as CEO.  Lendix said that Zocchi has over 20 years experience in high-tech and finance as he leads the local Lendix team based in Milan. Lendix said… Read More

French Tech Startups Make a Strong Show at CES, French Crowdfunding Platform Sowefund Presents Five of Them.

The French contingent of Tech startups exhibiting at the CES, the global consumer electronics show held this week in Las Vegas, is the third largest one after the US and the Chinese delegations. More than 300 French startups unveil their innovation at the show. Observers… Read More

Rapid Growth: Paris Fintech Forum Jumps in Size for 2017 Event

For its first edition, the Paris Fintech Forum gathered over 100 speakers and attracted 850 participants. This year, the event promises to be even more successful as it is stepping up with more than 200 speakers from over 30 countries. Organizers are estimating over 1500… Read More

French Crowdfunder WiSEED: Highlights from 2016 and Plans for Expansion in 2017

2016 proved to be a positive year for leading French equity crowdfunding platform WiSEED.  The pioneering platform obtained the status of Investment Services Provider (PSI) to raise up to €5 million while launching two new offerings (renewable energy projects and agroforestry) and consolidating its three… Read More

Blacklisted Binary Options Traders: French Autorité des Marchés Financiers Issues Public Warning Against Unauthorized Websites

Be on guard. The Autorité des Marchés Financiers (AMF) has published a list of new websites offering binary options trading, for which no authorized investment services provider could be clearly identified. A binary option, or asset-or-nothing option, is type of option in which the payoff is… Read More

Crowdfunding as part of France’s Effort to Relax its Banking Monopoly on Credit: Interview with Reid Feldman & Hubert de Vauplane of Kramer Levin

For Reid Feldman and Hubert de Vauplane of the Paris Office of Law Firm Kramer Levin, the latest revisions of the French crowdfunding regulation are part of a broader effort by the French authorities to relax the monopoly of French banks on credit and extend… Read More

Lemon Way Tops €900 Million in Cash Processed During 2016

Lemon Way Claims Valuation of €65 Million French Fintech firm Lemon Way says it is continuing to experience “spectacular growth” announcing that it will exceed €900 million of flows processed (inbound and outbound) during 2016, compared with €344 million in 2015 and €113 million in… Read More

KPMG Report: Online Lending in Continental Europe Q1 through Q3 2016

KPMG, along with AltFi data, has published a new report on alternative lending in Europe. KPMG also sourced data from the most recent Cambridge Centre for Alternative Finance report. The document, entitled Alternative Lending Market Trends in Continental Europe 2016, provides an interesting snapshot of… Read More

L’Atelier BNP Paribas Announces Season 2 of Its Fintech & Corporate Accelerator

On Monday, L’Atelier BNP Paribas announced the second season of its fintech & corporate accelerator. The four-month program was reportedly designed to help enable various businesses to embark on an open innovation project with specific strategic objectives such as the search for growth or internal… Read More