Tagged: france

March 15, 2020 @ 12:19 pm By Omar Faridi  |  

Paris-headquartered Akur8, a company that’s developing an artificial intelligence (AI)-enhanced insurance pricing platform, has secured €8 million via a Series A round from BlackFin Capital and MTech Capital. The funds raised will be used to expand the firm’s business operations across North and South America… Read More

March 12, 2020 @ 11:41 am By JD Alois  |  

The Autorité des Marchés Financiers, the main securities regulator in France, has published a legal analysis of security tokens. France is already known for its initial coin offering (ICO) friendly ecosystem where utility tokens (not securities) may be issued and traded in a compliant environment…. Read More

March 6, 2020 @ 7:09 am By Omar Faridi  |  

Denmark-based Insurtech company Penni.io has reportedly secured €2 million in funding from three major Nordic region insurance industry participants. The firm is planning to use the capital raised to expand its operations across Europe and globally. Established in 2016, Penni.io aims to assist insurance companies,… Read More

March 3, 2020 @ 8:39 am By Samantha Hurst  |  

Zego, a UK-based insurtech, announced on Tuesday it was granted its insurance broker license in France. Founded in 2016, Zego states it provides customers “top-of-the-range” custom products to explore the “full potential” of their entrepreneurial spirit. “Insurance hasn’t changed in more than a century. But… Read More

February 26, 2020 @ 8:00 am By Samantha Hurst  |  

Checkout.com, a global payment solutions provider based in the UK, announced on Wednesday it has completed its first acquisition. The company acquired french payment startup, ProcessOut. The acquisition follows Checkout.com’s $230 million Series A funding round, which values the company at nearly $2 billion. Checkout.com… Read More

February 25, 2020 @ 11:30 am By Omar Faridi  |  

Berlin-headquartered Raisin, a cross-border savings and investment marketplace, has confirmed the strategic placement of more than €20 billion with banks based in 25 different countries. Raisin’s management noted that it’s currently managing an investment volume of more than €500 million.  Raisin also announced that it… Read More

February 25, 2020 @ 8:44 am By JD Alois  |  

Last week, 50 senior officials convened in Paris to discuss “global issues surrounding virtual assets.” Participants included FinCEN, part of the US Department of Treasury, as well as the Financial Intelligence Unit Germany, France’s Tracfin, and other FATF countries. Virtual asset experts from the Financial… Read More

February 21, 2020 @ 7:47 am By Therese Torris  |  

The French Crowdfunding Association (Financement Participatif France) and the French team of auditing firm Mazars just released the French 2019 Crowdfunding Barometer. This annual report analyzes the alternative financing facilitated by 58 marketplace platforms which represent the bulk to the French market. The report focuses… Read More

February 18, 2020 @ 9:31 am By JD Alois  |  

Equisafe, a digital asset platform for the issuance and management of investments, appears poised to launch in the US. According to an email update circulated by the platform, Equisafe is planning a launch event in New York City in March. Equisafe, a Paris based Fintech,… Read More

February 17, 2020 @ 11:51 pm By Omar Faridi  |  

Paris-headquartered Societe Generale, the third-largest bank in France and multinational financial services company, has invested €1.1 million in Mutumutu, a Czech online life assurance company that provides special discounts on premiums for people who maintain a healthy lifestyle. Founded in 2018, Mutumutu was established as… Read More

February 12, 2020 @ 10:01 am By Samantha Hurst  |  

EasyEuro, a France-based fintech startup, announced this week it secured $4 million through its latest investment round, which was led by Shanghai-based Ally Capital, with participation from seed investors SwiftPass, Geoswift, Huashan Capital and Unity Assets. The funds will be used to launch EasyEuro’s neobank… Read More

February 6, 2020 @ 4:12 pm By Omar Faridi  |  

Yseop, a 12-year-old France-based software development firm, recently introduced an enterprise-level natural-language generation (NLG) automated report generation solution, called the Augmented Analyst, in order to assist financial service providers with their digital transformation efforts. Yseop has reportedly worked cooperatively with Moody’s, BNP Paribas, and Sanofi… Read More

January 30, 2020 @ 4:37 am By Omar Faridi  |  

France-based cooperative Crédit Agricole has reportedly acquired a majority stake in Fintech firm Linxo, which serves as a payment aggregation and initiation service. Established in 2010 and headquartered in Aix-en-Provence, Linxo offers account aggregation, payment initiation and personal finance management services through a robust technology… Read More

January 29, 2020 @ 3:48 am By JD Alois  |  

The Paris Fintech Forum, an annual conference bringing together Fintech leaders from around the world, will not take place in 2021, according to an announcement by founder and CEO Laurent Nizri who opened day 2 of the event with the news. Nizri told attendees his… Read More

January 28, 2020 @ 6:05 am By Therese Torris  |  

French Fintech Anaxago pioneered alternative finance by launching an equity crowdfunding platform in 2012. Profitable since year one, the company entered real estate investing in 2014. In 2018, it launched an asset management arm, Anaxago Capital. Not one to be standing still, the company’s co-founders, Joachim… Read More

January 24, 2020 @ 2:28 pm By Omar Faridi  |  

BNP Paribas has teamed up with Tink in order to improve its account aggregation, payment initiation and personal money management services. The partnership between the two companies will involve Tink working with BNP Paribas’ Italy-based retail network Banca Nazionale del Lavoro (BNL). Tink’s solutions will… Read More

January 22, 2020 @ 10:05 am By JD Alois  |  

Sowefund, a France based investment crowdfunding platform, has purchased the assets of defunct platform SmartAngels, according to Sowefund’s website. SmartAngels ceased its crowdfunding activity at the end of 2018. The SmartAngels URL now redirects to Sowefunds with a “welcome” post for visitors: “The SmartAngels investment… Read More

January 22, 2020 @ 7:29 am By Omar Faridi  |  

France-based digital bank Qonto has secured $115 million through a Series C investment round led by Tencent and DST Global, in order to help it further penetrate key markets, implement new features to tailor its products and services to specific market segments, and hire new… Read More

January 16, 2020 @ 9:05 am By Omar Faridi  |  

Lydia, a France-based mobile payments firm, has acquired €40 million (appr. $44.6 million) in funding via a Series B investment round led by Chinese internet giant Tencent. Open CNP, XAnge and New Alpha also took part in the round. Established in 2013, the Lydia peer-to-peer… Read More

January 15, 2020 @ 1:46 pm By JD Alois  |  

October, a leading European online lender, recently published a blog post reviewing last years’ performance. While October was not the first marketplace lender out of the gate in continental Europe it has emerged as one of the leaders. According to the October website, since platform… Read More