France
Record-Fundraising in France: €486 Million for SME Banking Startup Qonto in Series D
France SME Banking Startup Qonto announced today it has raised €486 million in Series D funding, bringing Qonto’s valuation to €4.4 billion. This amount is unprecedented in the French tech ecosystem and is one of the largest funding rounds ever
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French Payroll Solution Specialist Payfit Raises €254M
PayFit, payroll and HR management solution for SMEs, announced that it has raised €254M in a Series E funding round, a record-breaking amount for a French human resources (HR) startup. General Atlantic, a leading global growth equity firm, led the
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BIS Completes Wholesale Digital Currency Project With France and Swiss Regulators
Banque de France (BdF), Swiss National Bank (SNB) and Bank for International Settlements’ (BIS) Innovation Hub have successfully completed Project Jura, an experiment in cross-border wholesale central bank digital currencies (wCBDCs). The project was completed by a consortium led by
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Market Pay Acquires French Payments Firm Dejamobile
Market Pay, an European and omni-channel payment platform, announced the acquisition of Dejamobile, a French provider of mobile and connected equipment payment solutions. This deal is the second acquisition for Market Pay this month, following the acquisition of the Acoustic
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Entrust Signs Deal to Acquire Parisian Fintech Antelop Solutions
Entrust, an American digital security and credential issuance solutions provider, announced that it has signed a deal to acquire Antelop Solutions, a Paris-based fintech that enables financial institutions to issue secure digital credit and debit cards to their customers. This
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French Government to Roll Out Digital ID Authentication With IDEMIA
The French government agency Agence Nationale des Titres Sécurisés (ANTS) will be collaborating with IDEMIA, a provider of identity-related security services, on the national digital ID program, France Identité Numérique. With their consent, French citizens using the service, will be
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Top 10 Leading Fintech in France by Amounts of Funds Raised
Despite the economic turmoil caused by the COVID-19 pandemic, French fintech companies showed resilience in 2020, raising a total of EUR 828.2 million through 63 deals, up 18.9% from 2019, according to data from industry trade group France Fintech. As
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Spendesk Raises €100 Million in Series C Funding
Paris-headquartered Spendesk, an all-in-one spend management platform for finance teams, has raised €100 million in a Series C funding round. The round was led by global growth equity firm General Atlantic while existing investors Index Ventures and Eight Roads Ventures
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IDnow Notches Its Third Acquisition With French Regtech ARIADNEXT
IDnow, a German-based leader in identity verification-as-a-service solutions, announced that it has agreed to acquire ARIADNEXT, a French company specialising in remote identity verification and digital identity creation. With IDnow and ARIADNEXT joining forces, the companies can provide one comprehensive
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Banque de France Completes Digital Currency Pilot With SEBA Bank and Partners
Banque de France successfully conducted a Central Bank Digital Currency (CBDC) experiment with SEBA Bank, as part of the experimental programme launched in March 2020. The experiment consisted in using the CBDC to simulate the settlement of listed securities and
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