Tagged: france

August 13, 2016 @ 2:07 pm By JD Alois  |  

Crowdlending.fr  has published a “barometer of activity” regarding online lending performance. As many people know, things tend to slow dow during the summer in France. Especially in July and August as the population heads for the beaches in the south or the west.  But the… Read More

July 29, 2016 @ 9:32 am By JD Alois  |  

Progressive German banking firm Fidor Group has been acquired by Group BPCE in France. The acquisition was described as enabling Fidor power international expansion, continue the development of its proprietary digital banking technology, and strengthen its overall presence in Europe. Fidor, an early innovator in the typically… Read More

July 18, 2016 @ 10:06 am By JD Alois  |  

5th Annual ECN Crowdfunding Convention Learn   Latest and upcoming trends in the alternative finance industry Best practices in crowdfunding in all its models Emerging technologies and processes in the sector Updates on legal frameworks of crowdfunding in the EU What role EU institutions are… Read More

July 15, 2016 @ 10:06 am By Samantha Hurst  |  

Following the devastating incident in Nice France, University of Georgia student, Max Yanke took to crowdfunding platform Tilt to raise funds for the victims. Last night, a cargo truck full of arms and grenades drove through a crowd of people in Nice who were celebrating… Read More

July 8, 2016 @ 4:11 pm By JD Alois  |  

Lendix, a top SME marketplace lending platform in France, has received regulatory approval from the CNMV and is now ready to set up shop and operate in Spain. The announcement was not unexpected as Lendix had raised € 12 million earlier this year for their international… Read More

July 7, 2016 @ 11:08 pm By Therese Torris  |  

In the troubled post-Brexit context, many leaders in the UK traditional and alternative financial services are trying to reassure their market and even to present the Brexit vote as an opportunity for the UK. Their statements read like reactions of the French after a soccer… Read More

July 7, 2016 @ 3:35 pm By JD Alois  |  

The collateral damage of the Brexit decision will be reverberating for weeks to come but some countries are sensing an opportunity in light of the UK decision to abandon the EU.  France is now rolling out the red carpet hoping to lure UK based financial… Read More

July 6, 2016 @ 6:44 pm By Therese Torris  |  

When Lending Club, as the worldwide leader in P2P/marketplace lending and, for that matter, in the entire global crowdfunding market, runs into trouble, it is bound to send ripples way beyond its home market, the United States. And it does. The fast emerging French crowdlending… Read More

July 4, 2016 @ 12:00 pm By Therese Torris  |  

Aviva France, together with two partners, alternative asset management firm Eiffel Investment Group and insurer AG2R La Mondiale, is launching an investment fund called “Prêtons Ensemble” (Lending together) dedicated to financing loans to small and medium-size enterprises (SMEs) provided through crowdlending platforms. Starting with an… Read More

May 31, 2016 @ 2:08 pm By Erin Hobey  |  

France’s financial regulatory agency, the Autorité des Marchés Financiers (AMF), announced the launch of its Fintech, Innovation and Competitiveness (FIC) division, opportation 1 June 2016, according to the AMF. The AMF is creating a separate division to respond to changes in consumption patterns which have been… Read More

April 26, 2016 @ 8:43 am By JD Alois  |  

The leading French marketplace lending platform, Lendix, is closing a new funding round and longtime investor Partech Ventures has committed €3 million confirming its support of the online lender. The additional funding will be used to financeLendix’s expansion into the Spanish and Italian markets. Lendix also… Read More

April 21, 2016 @ 12:00 pm By Therese Torris  |  

Lendix, the lending marketplace that recently become number 1 in SME marketplace lending in France, announced that it has acquired crowdlending platform Finsquare. This first instance of consolidation in the French market certainly is not the last. This acquisition illustrates four trends and issues in… Read More

April 19, 2016 @ 8:46 am By JD Alois  |  

Marketplace lender Lendix has acquired short term loan specialist Finsquare. Lendix, the largest marketplace lending platform in France, said that Finsquare’s product addressed a “real demand for lenders and borrowers alike.”  The acquisition was viewed as highly complementary to the Lendix platform – an online lender… Read More

April 2, 2016 @ 10:38 am By JD Alois  |  

Since originating its first loan in 2015, Lendix has grown quickly to become a dominant player in the online lending sector in France.  At the beginning of the year, Lendix had raised €11 million in loans to finance 57 SME projects. As of last week,… Read More

March 30, 2016 @ 3:26 pm By Therese Torris  |  

The French Minister of Economy, Emmanuel Macron was the guest star of the 3rd annual meeting of the French crowdfunding association. He expressed his commitment to the crowdfunding economy, shared his views on the regulation of innovation, and, to prove his point, announced several significant… Read More

March 17, 2016 @ 8:09 am By JD Alois  |  

Prêt d’Union, a leading peer to peer lender operating in France, is expected to expand operations into Italy soon. First reported by TechCrunch, Prêt d’Union apparently will operate under the brand “You United Credit”.  As TC points out, several domains (http://younited-credit.it) are registered under the name… Read More

March 15, 2016 @ 9:11 am By Therese Torris  |  

Will fintech startups cause the demise of banks or come to their rescue? This was one of the topics debated at The “Future of Banking” event held by The Economist in Paris on March 10th 2016. The Future of Banking was aptly subtitled “Survival of… Read More

February 15, 2016 @ 3:35 pm By JD Alois  |  

The Financement Participatif France (the French Crowdfunding Association) has published some data on activity in their country and in comparing 2014 to 2015, the industry nearly doubled.  The slowest area of growth was in donations / rewards. The lending or debt sector experienced the most… Read More

February 8, 2016 @ 10:33 am By Therese Torris  |  

Real estate crowdfunding started late in 2014 in France. But, hardly a year later, it is going strong with 26 platforms vying for a share of the market. However, as crowdfunding moves from real estate development to buy-to-let projects, new platforms are encountering some resistance… Read More

January 27, 2016 @ 2:44 pm By JD Alois  |  

MangoPay, a payment platform that has focused on the crowdfunding and marketplace sector of finance, has shared a brief update on their progress. According to the company, Mangopay now has hit the following numbers: Over €200 million in payments processed 900 clients and rising 50 +… Read More