Tagged: france

December 5, 2019 @ 6:52 pm By JD Alois  |  

The Banque of France will begin testing a Central Bank Digital Currency (or CBDC) in 2020, according to a report in Les Echos – the leading business publication of France. Quoting François Villeroy de Galhau, the Governor of the Banque of France, who was speaking… Read More

December 2, 2019 @ 3:41 pm By Omar Faridi  |  

Paris-based Pixpay, a company (launched in January 2019) that aims to replace cash when parents give pocket money to their children, allows anyone at least 10 years old to open a Pixpay account, acquire a debit card, and start managing their allowance money. Although challenger… Read More

December 2, 2019 @ 12:58 pm By Therese Torris  |  

Younited Credit, the consumer lending platform with a presence in six European countries, announced the launch of a new business unit dedicated to its BtoB offering, Younited Business Solutions. Younited Business Solutions is targeting banks, insurers, mobile operators, merchant sites, and payment service providers. It… Read More

November 29, 2019 @ 12:55 pm By Omar Faridi  |  

France-based Virgil, a Fintech firm that supports millennial home-ownership, recently raised €2.1 million ($2.3 million) from Alven Capital, Kima Ventures, LocalGlobe, and several angel investors. The capital raised will help Virgil achieve its short-term goals, which include finalizing at least 100 transactions each month by… Read More

November 27, 2019 @ 7:26 am By Omar Faridi  |  

France-based Fintech firm Particeep, an established editor of whitelabel internet-based distribution solutions and editor for financial products and services, has finalized a €1.2 million ($1.3 million) venture loan funding deal with La Banque Wormser Frères. Particeep’s latest funding brings the total capital raised by the… Read More

November 21, 2019 @ 8:08 am By Omar Faridi  |  

The Financial Stability Board (FSB), an international organization that monitors and makes recommendations regarding the world’s financial system, recently met in Paris in order to discuss key issues facing the global financial industry, including potential vulnerabilities, various Fintech developments, and the agency’s 2020 work program…. Read More

November 19, 2019 @ 1:24 am By Therese Torris  |  

Smart Lenders AM announces the upcoming launch of a new fund dedicated to financing loans to European SMEs issued through marketplace lending platforms (crowdlending). Smart Lenders AM is an asset management firm that specializes exclusively in financing loans issued by online marketplace lenders. Established in… Read More

November 12, 2019 @ 2:32 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS), the leading financial regulator and central bank of Singapore, has announced renewed cooperation on Fintech with Canadian Securities Regulators while simultaneously announcing a tighter relationship with the Banque de France. The announcements were released during Singapore’s annual Fintech Week… Read More

November 6, 2019 @ 12:56 pm By JD Alois  |  

Tokenization platform Equisafe and Masteos will soon launch a marketplace for pooling rental investments between individuals via the blockchain, according to a note from Equisafe. The platform named RENT was created by Equisafe and by Masteos, a consulting and rental property management company.  Equisafe explained… Read More

November 6, 2019 @ 12:17 pm By JD Alois  |  

Good news for investment crowdfunding platforms in France. Last week, it became official that the effective crowdfunding cap was increased from €2.5 million to €8 million (~$8.9  million). The change came with the finalization of Decree No. 2019-1097.     The Decree was part of the Loi… Read More

October 30, 2019 @ 2:00 am By JD Alois  |  

This past June, France saw its first security token offering based on a real estate transaction. The process was managed by Equisafe, a platform that describes itself as a “neo investment bank.” The digital securities raised €6.5 million. In a blog post from August, the… Read More

October 29, 2019 @ 12:14 pm By JD Alois  |  

Smart Lenders, an asset management company specialized in managing portfolios of loans issued through online lending platforms (marketplace/crowdlending), is celebrating its fifth birthday. Founded in 2014 in London by Erich Bonnet (now based in Paris), Smart Lenders is now providing some data points regarding its… Read More

October 29, 2019 @ 10:33 am By Omar Faridi  |  

570easi, a French home finance and savings solutions company, has introduced its own challenger bank, called SOeasi, in order to establish the world’s first Islamic ethics-focused neobank. The challenger bank aims to leverage 570easi’s existing customer base as a foundation to help grow its business…. Read More

October 18, 2019 @ 8:21 am By JD Alois  |  

European payment Fintech Lemon Way has announced a signed agreement to receive a €25 million investment from Toscafund Asset Management LLP. Details of the investment were not provided. The investment is subject to regulatory approvals. Toscafund is a London-based multi-asset alternative investment management firm with… Read More

October 17, 2019 @ 11:28 am By Omar Faridi  |  

Denis Beau, deputy governor of Banque De France, the nation’s central bank, says that lawmakers should develop a comprehensive global regulatory framework for digital assets. Beau, whose comments came during a speech at an Official Monetary and Financial Institutions Forum (OMFIF) conference in London on… Read More

October 11, 2019 @ 8:56 pm By Samantha Hurst  |  

Digital-only bank platform N26 announced this week it now has more than one million customers in France. The banking group reported it launched its services in the country less than three years ago with a goal to become the first bank that the French “like… Read More

October 3, 2019 @ 9:42 pm By JD Alois  |  

Tim Cook, CEO of Apple, told French business newspaper Les Echos that Apple (NASDAQ:AAPL) has no interest in creating a cryptocurrency similar to Facebook. Cook blessed the front page of Les Echos October 4th print version with the headline “Apple est le premier contribuable mondial.”… Read More

October 3, 2019 @ 9:07 am By JD Alois  |  

Leading European marketplace lending platform October has joined with 5 Confidi entities belonging to Federconfidi and Rete Fidi Italia and with the European Investment Fund (EIF), to launch a €30 million fund to back Italian SMEs. Confidi are cooperative, non-profit guarantee consortia that facilitate access… Read More

September 25, 2019 @ 3:35 pm By Samantha Hurst  |  

Checkout.com, a global payment solutions provider based in the UK, announced on Wednesday has been awarded its E-Money Institution license in France by the Autorité de Contrôle Prudentiel et de Résolution (ACPR). Checkout.com reported that with the license it will be able to issue, manage… Read More

September 15, 2019 @ 8:00 pm By Therese Torris  |  

On September 12, the French Minister of Economy and Finance Bruno Le Maire did not mince words. Libra should not be allowed in Europe, he said. Later, on the same day, Bertrand Perez, the newly appointed managing director and COO of the Libra Association was… Read More