Tagged: france

BNP Paribas Release Alternative Investment Survey Findings

BNP Paribas (EPA: BNP), Europe’s global bank, and its Prime Services business published its annual 2024 Alternative Investment Survey. BNP Paribas’ Capital Introduction Group “surveyed 238 allocators in December 2023 and January 2024, who invest or advise on $1.2 trillion in hedge fund assets.” This… Read More

Credit Agricole Acquires Pledg, a BNPL Provider

Crédit Agricole Consumer Finance has announced the acquisition of Pledg, a provider of buy now pay later (BNPL) services. Terms of the deal were not revealed. Pledg was founded in 2016 aiming to serve companies operating in B2C/B2B and financial institutions wishing to launch their own… Read More

France: Online Lender October Has Sold its Lending Platform to Sopra, May Halt All Operations After Remaining Loans Run Down

October, once a top online lending platform and leading Fintech based in France, has sold its main asset, “October Connect,” to software firm Sopra. The terms of the asset sale were not immediately available. According to Les Echos, “it looks like the end” for the… Read More

France – Crowdfunding Declines for First Time During 2023, Real Estate Remains Dominant Sector

Financement Participatif France (FPF), the French crowdfunding association, has partnered with Mazars to produce its 5th annual Crowdfunding Barometer – tracking the performance of online capital formation in the second-largest economy in Europe. Mazars is a global, France-based accounting and consulting agency. The report covers… Read More

Flowdesk, a Digital Asset Trading Tech Firm that Enables Market Making, Secures $50M via Series B Round

Flowdesk, a full-service digital asset trading technology firm, announces its $50 million Series B, led by Cathay Innovation along with the participation of Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, BPI and Ripple.‍ Guilhem Chaumont, CEO and Co-Founder of Flowdesk, said: “This raise highlights the significance… Read More

France: AMF Priorities For 2024 Include Enhancing the Attractiveness of the Paris Financial Centre

While London remains the top European financial center, Brexit has put pressure on this status. This has created opportunities for other European financial centers, but the question remains: do they have the capacity and ability to act and gain traction? Today, the Autorité des Marchés… Read More

Gemini Now Registered as Digital Asset Service Provider by AMF, the French Financial Markets Regulator

Gemini says they are pleased to announce that they’ve been registered as a Digital Asset Service Provider (DASP) by l’Autorité des Marchés Financiers (AMF), the French financial markets regulator. Following the launch of their EU headquarters in Ireland in 2022, Gemini is now “operational in… Read More

Marketplace Expert Mangopay Partners with UK based Storfund

European payments provider Mangopay has announced a partnership with Storfund. Terms of the deal were not revealed. Mangopay, based in France, has long been a top payments provider for marketplaces like crowdfunding platforms. Founded in 2013, Mangopay says it has supported 2,500+ platforms and marketplaces…. Read More

Law Firm that Worked with Circle on its Digital Asset Service Provider Approval Says it Represents the Excellence of the French Regulatory Environment

Last month, Circle, a stablecoin issuer, announced the receipt of a conditional registration as a Digital Asset Service Provider (DASP) or ‘Prestataire de Service sur Actifs Numériques’ (PSAN)) with the Autorité des Marchés Financiers (AMF). When the approval was announced, Jeremy Allaire, co-founder and CEO… Read More

Europe: Lemonway Doubles Revenue in 2023, Now Profitable

The pan-European payments Finteh Lemonway says it doubled revenue in 2023 when compared to 2022. During the year, Lemonway reports that it processed €9.6 billion, or a 24% increase compared to 2022. Lemonway works with some big names like SNCF. Decathlon, Drouot and others. In… Read More

Pacaso, the Real Estate Marketplace, Announces Business Expansion into Paris

Pacaso, the technology-enabled real estate marketplace that helps people buy, co-own, and sell a vacation home, announces its operational expansion into Paris, marking the company’s inaugural entry into the vibrant French real estate landscape. With the introduction of Paris, Pacaso marks its “expansion into 40… Read More

France: AMF Issues Warning Against Firms Proposing “Atypical” Investments without Being Authorized

The AMF is warning the public against several companies proposing atypical investments without being authorised to do so. The Autorité des Marchés Financiers regularly “updates its black lists of new websites and entities proposing atypical investments to investors in France without being authorized to do… Read More

France: AMF Savings and Investment Barometer Shows Interest in Investing in Stock Market at Highest Level

The Autorité des Marchés Financiers (AMF) has published the 7th edition of its Savings and Investment Barometer on investment trends. After the sharp fall seen in 2022, more retail investors are “planning to invest in equities in 2023.” This renewed interest is being driven in… Read More

France: Stablecoin Issuer Circle Obtains Conditional DASP Registration from AMF, Appoints Head of French Operations

Circle, a global financial technology firm and the issuer of USDC and EURC, has today announced receipt of a conditional registration as “a Digital Asset Service Provider (‘DASP’, or ‘Prestataire de Service sur Actifs Numériques’ (PSAN)) with the French Financial Markets Authority (‘Autorité des Marchés… Read More

iCapital, a Fintech Enabling Alternative Investments for Wealth Management Sector, Teams Up with IQ-EQ

iCapital, a global fintech platform enabling access to alternative investments for the wealth management industry, has partnered with investor services group IQ-EQ to establish a new series of French domiciled funds, which will “increase access for individual investors resident in France to global alternative investment… Read More

France: AMF Proposes Enhanced Investor Information when Evaluating Boards of Listed Firms

In the 2023 edition of its report on corporate governance and executive compensation in listed companies, the Autorite des Marches Financiers (AMF) reviews “the regulatory developments of recent months and assesses the quality of the information published.” The AMF makes recommendations to “improve the information… Read More

EIB Group and BNP Paribas Sign Securitization Transaction to Support French SMBs

The EIB Group (European Investment Bank, EIB, and European Investment Fund, EIF) has signed its fourth synthetic securitization transaction with BNP Paribas (EPA: BNP) since 2017. Similar to the three previous transactions, its investment will “support small and medium-sized companies while contributing to the transition… Read More

France: Aria, a Payments Fintech, Raises €15 Million

Aria, a Fintech based in France that is a payments and credit platform, has raised €15 million in funding, according to a note from the company. 13books Capital led the funding round with the participation from Adevinta Ventures, Otium Capital, Ankaa Ventures, and individual investors,… Read More

Horiz.io, an SaaS Platform Streamlining Real Estate Investment, Secures €196K+ via Crowdcube

Horiz.io, an SaaS platform aiming to simplify real estate investment for property search, yield calculation & rental management, has secured over €200,000 from more than 210 investors at the time of writing via its crowdfunding campaign, carried out via Crowdcube with currently less than two… Read More

Regtech Fourthline Selected as Qonto’s Solution for Verification of Customer Compliance During KYC in France, Spain, Italy

The pan-European Fintech Fourthline selected as Qonto’s technology solution in the verification of customer compliance during onboarding (KYC) in France, Spain and Italy. Fourthline is a European fintech founded in 2017 that “has developed a technology suite enabling financial services providers to carry out KYC… Read More

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