Tagged: france

January 27, 2021 @ 11:30 pm By Omar Faridi  |  

BNP Paribas (EPA: BNP), a French international banking group that’s ranked as the 8th largest bank in the world in terms of total assets (appr. €2 trillion), will be providing its Visa Premier cardholders the opportunity to update to a contactless fingerprint option for a… Read More

January 26, 2021 @ 8:05 am By Omar Faridi  |  

France-based Buy Now, Pay Later (BNPL) platform Alma has secured €49 million in capital through a Series B funding round. Alma’s management stated that they intend to use the funds raised to support their extensive business expansion plans in 2021. Alma, the French BNPL platform… Read More

January 17, 2021 @ 10:37 pm By Omar Faridi  |  

Europe-based online SME lender October says there’s probably no need to describe or go over how our lives have been impacted by the COVID-19 outbreak. October claims that they had to “become economists, epidemiologists, and politicians” in order to cope with the challenges created by… Read More

January 8, 2021 @ 8:47 am By Omar Faridi  |  

France-based Fintech firm Pennylane, which was launched in January 2020, has acquired €15 million in capital as the European financial technology sector continues to attract more consumers and businesses. French accounting company Pennylane finalized its €15 million Series A round in less than a year… Read More

January 6, 2021 @ 10:41 am By Samantha Hurst  |  

French banking group Orange Bank announced on Wednesday it is set to acquire neobank Anytime. Orange Bank claims that the acquisition enables it to address the professional and small business market, as well as support the banking group’s footprint and is fully aligned with the… Read More

January 5, 2021 @ 8:21 am By Samantha Hurst  |  

  U.S.-based fintech Broadridge Financial Solutions announced on Tuesday it has joined forces with SLIB, a software vendor in electronic voting and security services based in France, to offer a joint, cross-border proxy voting solution for Shareholder Rights Directive II (SRD II) compliance, covering European… Read More

December 21, 2020 @ 8:51 am By JD Alois  |  

Ledger, a crypto wallet provider based in Paris, France, has apparently experienced a security breach according to a tweet from the company. Ledger stated yesterday that they have been alerted to the dump of a customer database on Raidforum. The company said that it is… Read More

December 18, 2020 @ 7:48 am By Omar Faridi  |  

French mobile payments firm Lydia has extended its Series B investment round, raising an additional $86 million in capital led by Accel. Lydia’s total Series B funding currently stands at €131 million, which reportedly makes it the largest round ever closed by a French Fintech… Read More

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