Tagged: france

July 28, 2021 @ 8:06 am By Omar Faridi  |  

GoCardless, a global Fintech in account-to-account payments, has reportedly appointed Alexandra Chiaramonti as its GM of Southern Europe. Chiaramonti will be responsible for leading GoCardless‘ ongoing growth in the region by continuing to recruit new talent in order to strengthen the firm’s presence in its… Read More

July 26, 2021 @ 8:34 am By JD Alois  |  

Smart Lenders AM, a France-based asset management firm that is focused on loan portfolios from online lenders, is celebrating the 5th anniversary of its Moonstone Lending Fund (MLF) SIF SICAV launched in July 2016. Smart Lenders moved from London to Paris in 2018. Smart Lenders’… Read More

July 24, 2021 @ 6:49 pm By Omar Faridi  |  

Cross-border payments Fintech Thunes revealed earlier this week that it acquired Limonetik, a European Payment Methods Platform. The latest acquisition by Thunes should complement the Fintech firm’s existing cross-border payments solutions by enabling companies or businesses to get paid in 70 different countries, using more… Read More

July 24, 2021 @ 4:22 pm By JD Alois  |  

Real estate crowdfunding. one of the most popular sectors of online capital formation is picking up pace in France, according to research by Fundimmo. While 2020 was a challenging year for all platforms, everywhere, 2021 is on track of a solid year of gains for… Read More

July 23, 2021 @ 5:51 pm By Omar Faridi  |  

France-based Spendesk, a spend management platform, has acquired €100 million in capital through a Series C round that was led by General Atlantic, an international growth equity company. Spendesk offers finance professionals a software-as-a-services or SaaS spend management system for complete visibility and control on… Read More

July 17, 2021 @ 8:27 pm By Omar Faridi  |  

The team at European online lender October has published a blog post on credit risk analysis models including their construction and application. October notes in an update that the Covid-19 health crisis has led to two situations: a rise in the number of new loan… Read More

July 16, 2021 @ 7:17 pm By JD Alois  |  

  France, not always at the top of mind when it comes to innovative tech firms, is gaining traction when it comes to VC funding of innovative young firms. According to research by Avolta Partners, a boutique investment bank, there are now 17 unicorns in… Read More

July 8, 2021 @ 12:52 pm By JD Alois  |  

  Younited, a France-based Fintech that provides both online lending as well as payments and BaaS, has raised $170 million in equity capital in a move that is expected to accelerate product innovation and expansion of its solutions including the launch of Younited Pay, a… Read More

July 8, 2021 @ 11:21 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and Banque de France (BdF) say the two agencies have successfully completed a test using central bank digital currency (CBDC) for a wholesale cross-border payment and settlement. Both jurisdictions have been known to be experimenting with CBDCs with the… Read More

July 4, 2021 @ 8:58 pm By Omar Faridi  |  

European online lender October has shared key insights from its Netherlands CEO Luuc Mannaerts. Luuc, who earned his Masters in Business Economics, with a specialization in Finance and Strategy, reveals that when he was around 40 years of age, he went to INSEAD where he… Read More

June 28, 2021 @ 8:15 am By JD Alois  |  

Smart Lenders AM, an asset management firm that invests in loans originated on online lending platforms, reports that in June it topped $1 billion in purchases through online lending platforms. The loans include $900 million of consumer loans and $100 million of SMB loans. Launched… Read More

June 23, 2021 @ 3:43 pm By Tony Zerucha  |  

Swiss-based SEBA Bank, along with partners Banque Internationale à Luxembourg and LuxCSD, has successfully completed their CBDC experiment with Banque de France. The process involved completing the delivery versus payment of a listed security with TARGET2-Securities as a delivery platform in a test environment along… Read More

June 16, 2021 @ 2:07 am By Omar Faridi  |  

Paris-based Upflow, a startup that assists B2B firms with getting paid, has secured $15 million in capital via a Series A round which included contributions from 9yards Capital, eFounders, and angels N26 co-founder Maximilian Tayenthal and Uber exec Pierre-Dimitri Gore-Coty. Companies or businesses usually try… Read More

June 15, 2021 @ 7:49 am By Omar Faridi  |  

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

June 14, 2021 @ 8:30 am By Omar Faridi  |  

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

June 10, 2021 @ 1:54 pm By JD Alois  |  

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

June 8, 2021 @ 12:33 pm By Omar Faridi  |  

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

June 5, 2021 @ 11:03 am By Omar Faridi  |  

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

June 2, 2021 @ 11:27 pm By Omar Faridi  |  

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

May 27, 2021 @ 8:26 am By Omar Faridi  |  

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