Tagged: france

April 27, 2020 @ 8:26 am By JD Alois  |  

STOKR S.A. has partnered with payment platform Lemon Way S.A.S, thus allowing for registration with the French financial regulator Autorité de Control Prudentiel et de Resolution (ACPR) as payment service agent (a​gent prestataire de services de paiement​). STOKR is now subject to the supervision of… Read More

April 22, 2020 @ 7:45 am By Omar Faridi  |  

France-based Fintech firm PayFit has upgraded its HR and payroll platform to allow UK companies to determine furlough and sick pay during the Coronavirus (COVID-19) crisis. The updates to PayFit’s human resources software will give PayFit users the option to submit Coronavirus-related leave requests. The… Read More

April 20, 2020 @ 4:16 pm By Samantha Hurst  |  

Alan, a France-based independent digital health insurance platform, announced on Monday it secured €50 million through its Series C investment round, which was led by Temasek, a global investment company headquartered in Singapore, with participation from Index Ventures. The funding brings Alan’s total amount raised… Read More

April 18, 2020 @ 2:29 pm By Omar Faridi  |  

The International Chamber of Commerce (ICC), which is considered the world’s largest and “most representative” business organization, has requested governments and reserve banks across the globe to nullify any rules or laws that prevent the use of paperless trading. The ICC said that authorities must… Read More

April 13, 2020 @ 7:40 am By JD Alois  |  

Equisafe and Lemon Way have formed a new partnership, according to a note from the companies. Lemon Way is a widely utilized payment platform. Lemon Way offers payment solutions for marketplaces providing a secure and regulated framework. Lemon Way obtained the Payment Institution license in… Read More

April 9, 2020 @ 7:13 am By Omar Faridi  |  

Paris-headquartered Jus Mundi, a Legaltech firm that aims to serve as the search engine for international law and arbitration, has secured €1 million in capital through its recent seed funding round. Jus Mundi’s management says the firm aims to become a leading resource for international… Read More

April 2, 2020 @ 10:49 am By JD Alois  |  

The Banque de France – the central bank of France – has issued a call for applications to conduct a central bank digital currency (CBDC) experiment with the bank. According to the publication, the work relating to the experiments is being coordinated by the Infrastructures,… Read More

April 1, 2020 @ 12:59 am By Omar Faridi  |  

Paris-headquartered NeoXam, a financial data management and transaction software provider, has added ICE Data Services’ pricing and reference data to its “NeoXam DataHub,” an enterprise data management platform. ICE Data Services is part of the Intercontinental Exchange (ICE), the parent company of the New York… Read More

March 22, 2020 @ 10:56 am By JD Alois  |  

Blockpulse is the first company in France to pursue a security token offering (STO). Blockpulse is a blockchain-based shareholding management solution. The company launched its service last week in partnership with Lemonway, a Fintech providing payment services. Blockpulse offers a blockchain-based software solution for digitizing… Read More

March 20, 2020 @ 3:16 pm By Therese Torris  |  

The management of October, the Paris-headquartered European SME lending marketplace, announced today a three-month freeze on capital repayment in order to support the business continuity of its SME borrowers during the coronavirus crisis. A Capital Reimbursement Freeze The moratorium concerns loans granted by October to… Read More

March 16, 2020 @ 9:30 am By JD Alois  |  

Recently, the French Autorité des Marchés Financiers (AMF), the leading securities regulator in France, posted a legal analysis of security tokens or digital securities. The AMF posited that while there remain certain “legal obstacles,” in their opinion national authorities can adapt to these types of… Read More

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