Tagged: france

December 14, 2020 @ 12:48 pm By JD Alois  |  

One of the largest banks in France, Societe Generale, has acquired an online car purchasing platform Reezocar. Launched in 2014, Reezocar aids in the process of purchasing and financing used cars in France as well as elsewhere in Europe. The start-up currently reports 150 employees,… Read More

December 10, 2020 @ 8:33 pm By Omar Faridi  |  

Gaelle Olivier, CEO at Societe Generale (EPA:GLE) for Asia Pacific, a French multinational investment bank and financial services company with around €1.3 trillion in assets, argues that traditional banks should not think of Fintechs as direct competition. Olivier, whose comments came during a CNBC interview,… Read More

December 10, 2020 @ 9:25 am By JD Alois  |  

The online lending sector has been hammered by the ongoing COVID-19 health crisis as consumers struggled to pay personal loans and SMEs backed away from debt. Many Fintech lenders worked diligently with borrowers to mitigate the impact of the pandemic with loan extensions and deferred… Read More

December 8, 2020 @ 1:00 am By JD Alois  |  

Lemonade (NYSE:LMND), an Insurtech that offers various insurance products, is now live in France. According to the company, residents of France may now digitally access renters insurance as well as file claims and get paid immediately via the company’s app. Lemonade is licensed and supervised… Read More

December 7, 2020 @ 3:54 pm By Samantha Hurst  |  

  Paris-based Société Générale S.A., a French multinational investment bank and financial services company with around €1.3 trillion in assets, is reportedly set to close 600 of its branches by 2025. This is notably due to the merging of the banking group’s two retail bank… Read More

December 7, 2020 @ 8:31 am By Samantha Hurst  |  

Luko, a France-based insurtech, announced on Monday it secured $60 million through its Series B investment round, which was led by EQT Ventures with participation Accel, Founders Fund, Speedinvest, and Orange Ventures. Launched in 2018, Luko claims it has reinvented home insurance with social responsibility… Read More

December 3, 2020 @ 9:14 pm By Omar Faridi  |  

Yolt, a money management app, will now allow its debit card-holding customers to make payments through Apple Pay. The integration will let Yolt’s users complete digital payments via their iPhones or Apple Watches, instead of having to settle transactions with cash or their physical cards…. Read More

December 1, 2020 @ 7:49 pm By Omar Faridi  |  

Online lender October, which is one of Europe’s leading business financing platforms, has issued over €479 million worth of loans to 1097 different projects since it began offering services around 6 years ago. October has attracted 22,813 investors, which reportedly includes tier-one institutions as well…. Read More

November 26, 2020 @ 1:13 pm By Omar Faridi  |  

ENGIE, a French service firm listed on the stock exchange, will be working with online SME lender October to develop an engagement platform based on “the financial participation of employees in internal projects.” According to the October team, the financial platform, i-DEAL, was introduced in… Read More

November 21, 2020 @ 9:40 pm By Omar Faridi  |  

Nandan Nilekani, the Chairman at InfoSys, recently noted that French expertise could help with establishing an Aadhar-like system in order to make data more accessible to everyone. The Aadhaar system provides a 12-digit unique identity number that may be obtained voluntarily by India’s residents or… Read More

October 31, 2020 @ 4:20 pm By JD Alois  |  

The Financement Participatif France (FPF) the French crowdfunding association has recently touted the importance of crowdfunding and its ability to help boost economic activity during the current health crisis. The FPF partnered with the Banque des Territoires on a survey conducted by Kantar. The FPF… Read More

October 23, 2020 @ 8:32 am By Omar Faridi  |  

Ledger Vault, a cold or offline storage solution provider for digital assets, has reportedly been chosen by France’s Societe Generale-Forge to offer security solutions for its central bank digital currency (CBDCs) project. As noted by the Ledger Vault team, Societe Generale-Forge, the digital capital markets… Read More

October 22, 2020 @ 2:00 am By JD Alois  |  

LGO, a crypto exchange that services individual and institutional customers, will merge with Voyager Digital Ltd.,(CSE: VYGR) (OTCQB: VYGVF) (FRA: UCD2) a cryptoasset broker that provides retail and institutional investors with a turnkey solution to trade cryptoassets, according to a release. Voyager and LGO said… Read More

October 15, 2020 @ 10:06 am By Omar Faridi  |  

French Paytech firm Lydia has teamed up with Tink in order to enable Open Banking connectivity. Lydia’s mobile payment app will be using Tink’s open banking tech to access PSD2 APIs across Europe. Tink and Lydia will be working cooperatively to improve bank account connectivity… Read More

October 13, 2020 @ 11:01 am By Samantha Hurst  |  

Spendesk, a France-based b2b fintech, announced on Tuesday it secured an additional $18 million through its Series B investment round, which was led by Eight Roads Ventures. The addition brings the total raised to $68.5 million. Founded in 2016, Spendesk describes itself as an all-in-one… Read More

October 12, 2020 @ 1:58 pm By Samantha Hurst  |  

  Joko, a fintech startup based in France, has reportedly raised €10 million through its latest investment round. The funding round comes just a little over a year after Joko raised €1.9 million through its first investment round. As previously reported, Joko states it is… Read More

October 12, 2020 @ 9:00 am By Therese Torris  |  

How did the pandemic impact the P2P crowdfunding sector, the part of alternative fundraising financed exclusively by individual contributors and retail investors? To answer this question, the French crowdfunding association Financement Participatif France (FPF) together with the state bank, Banque des territoires commissioned a study…. Read More

October 9, 2020 @ 7:20 am By Omar Faridi  |  

October, a top European online lender, recently raised €258 million to lend to European SMEs. The additional financing was provided by institutional investors including Intesa Sanpaolo, CDC, FFA and six major insurance firms. The lending platforms management noted in a blog post that its lenders… Read More

October 6, 2020 @ 1:39 pm By JD Alois  |  

  BNP Paribas Securities Services has partnered with Curv to complete a proof of concept on the transfer of security tokens (digital securities) securely between market participants. BNP Paribas Securities Services and Curv used the ERC1400 token standard. According to BNP Paribas, the test saw… Read More

September 30, 2020 @ 7:21 am By JD Alois  |  

October, a top European online lender, has raised €258 million to lend to European SMEs, according to a note from the company. The additional financing was provided by institutional investors including Intesa Sanpaolo, CDC, FFA and six major insurance firms. “These investors were all attracted… Read More