Tagged: france

So Far, Not a Single ICO has been White-Listed by the Autorite des Marches in France

The “Loi Pacte” was approved by the French government earlier this year. the new law included multiple policy moves designed to improve the overall competitiveness of the French economy. As part of the legislation, France created bespoke rules for initial coin offerings. Under French law,… Read More

Online Lender October Signs United Nation’s Principles for Responsible Investing

October, a European marketplace lending platform for SMEs has signed the United Nation’s “Principles for Responsible Investing.” October claims to be one of the first online lenders to agree to the “UN PRI.” The UN PRI defines responsible investment as a “strategy and practice to… Read More

Report: the Banque of France will Begin Testing a Central Bank Digital Currency in 2020

The French France

The Banque of France will begin testing a Central Bank Digital Currency (or CBDC) in 2020, according to a report in Les Echos – the leading business publication of France. Quoting François Villeroy de Galhau, the Governor of the Banque of France, who was speaking… Read More

Pixpay Aims to Allow Anyone At Least 10 Years Old to Open an Account, Use Debit Cards, and Manage Money

Paris-based Pixpay, a company (launched in January 2019) that aims to replace cash when parents give pocket money to their children, allows anyone at least 10 years old to open a Pixpay account, acquire a debit card, and start managing their allowance money. Although challenger… Read More

Pan-European Consumer Lending Platform Younited Credit Launches Dedicated B2B Business Unit

Younited Credit, the consumer lending platform with a presence in six European countries, announced the launch of a new business unit dedicated to its BtoB offering, Younited Business Solutions. Younited Business Solutions is targeting banks, insurers, mobile operators, merchant sites, and payment service providers. It… Read More

France-based Fintech Virgil, which Supports Millennial Home Ownership, Has Raised $2.3 Million

France-based Virgil, a Fintech firm that supports millennial home-ownership, recently raised €2.1 million ($2.3 million) from Alven Capital, Kima Ventures, LocalGlobe, and several angel investors. The capital raised will help Virgil achieve its short-term goals, which include finalizing at least 100 transactions each month by… Read More

French Fintech Firm Particeep Finalizes $1.3 Million Venture Loan Funding with La Banque Wormser Frères

France-based Fintech firm Particeep, an established editor of whitelabel internet-based distribution solutions and editor for financial products and services, has finalized a €1.2 million ($1.3 million) venture loan funding deal with La Banque Wormser Frères. Particeep’s latest funding brings the total capital raised by the… Read More

The Financial Stability Board Met in Paris to Discuss Issues Facing Global Financial Industry Including Fintech

The Financial Stability Board (FSB), an international organization that monitors and makes recommendations regarding the world’s financial system, recently met in Paris in order to discuss key issues facing the global financial industry, including potential vulnerabilities, various Fintech developments, and the agency’s 2020 work program…. Read More

Smart Lenders AM Launches New Investment Fund Specialized in Marketplace Lending

Smart Lenders AM announces the upcoming launch of a new fund dedicated to financing loans to European SMEs issued through marketplace lending platforms (crowdlending). Smart Lenders AM is an asset management firm that specializes exclusively in financing loans issued by online marketplace lenders. Established in… Read More

Monetary Authority of Singapore Boosts Fintech Cooperation with Canada, Tightens Relationship with Banque de France

The Monetary Authority of Singapore (MAS), the leading financial regulator and central bank of Singapore, has announced renewed cooperation on Fintech with Canadian Securities Regulators while simultaneously announcing a tighter relationship with the Banque de France. The announcements were released during Singapore’s annual Fintech Week… Read More

Equisafe and Masteos Plan Rental Investment Platform Facilitated by Blockchain

Tokenization platform Equisafe and Masteos will soon launch a marketplace for pooling rental investments between individuals via the blockchain, according to a note from Equisafe. The platform named RENT was created by Equisafe and by Masteos, a consulting and rental property management company.  Equisafe explained… Read More

Crowdfunding Cap in France Officially Increased to €8 Million

Good news for investment crowdfunding platforms in France. Last week, it became official that the effective crowdfunding cap was increased from €2.5 million to €8 million (~$8.9  million). The change came with the finalization of Decree No. 2019-1097.     The Decree was part of the Loi… Read More

Neo Investment Bank Equisafe Updates on First STO AnnA, Plans 15 Security Tokens in the Next 9 Months

This past June, France saw its first security token offering based on a real estate transaction. The process was managed by Equisafe, a platform that describes itself as a “neo investment bank.” The digital securities raised €6.5 million. In a blog post from August, the… Read More

Smart Lenders Asset Management Celebrates 5 Years of Operation

Smart Lenders, an asset management company specialized in managing portfolios of loans issued through online lending platforms (marketplace/crowdlending), is celebrating its fifth birthday. Founded in 2014 in London by Erich Bonnet (now based in Paris), Smart Lenders is now providing some data points regarding its… Read More

French Home Finance and Savings Firm 570easi to Launch Challenger Bank, SOeasi

570easi, a French home finance and savings solutions company, has introduced its own challenger bank, called SOeasi, in order to establish the world’s first Islamic ethics-focused neobank. The challenger bank aims to leverage 570easi’s existing customer base as a foundation to help grow its business…. Read More

Payment Fintech Lemon Way to Receive €25 million Investment from Toscafund Asset Management

European payment Fintech Lemon Way has announced a signed agreement to receive a €25 million investment from Toscafund Asset Management LLP. Details of the investment were not provided. The investment is subject to regulatory approvals. Toscafund is a London-based multi-asset alternative investment management firm with… Read More

Deputy Governor of France’s Central Bank Says Lawmakers Should Develop Standardized Crypto Regulations

Denis Beau, deputy governor of Banque De France, the nation’s central bank, says that lawmakers should develop a comprehensive global regulatory framework for digital assets. Beau, whose comments came during a speech at an Official Monetary and Financial Institutions Forum (OMFIF) conference in London on… Read More

N26 Milestone: Digital Bank Now Has More Than 1 Million Customers in France

Digital-only bank platform N26 announced this week it now has more than one million customers in France. The banking group reported it launched its services in the country less than three years ago with a goal to become the first bank that the French “like… Read More

Apple CEO Tim Cook Says No Interest in Creating Cryptocurrency Similar to Facebook, No Plans on Becoming a Bank

Tim Cook, CEO of Apple, told French business newspaper Les Echos that Apple (NASDAQ:AAPL) has no interest in creating a cryptocurrency similar to Facebook. Cook blessed the front page of Les Echos October 4th print version with the headline “Apple est le premier contribuable mondial.”… Read More

October and 5 Confidi Launch Direct Lending Fund for Italian SMEs

Leading European marketplace lending platform October has joined with 5 Confidi entities belonging to Federconfidi and Rete Fidi Italia and with the European Investment Fund (EIF), to launch a €30 million fund to back Italian SMEs. Confidi are cooperative, non-profit guarantee consortia that facilitate access… Read More

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