France

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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French Crypto Security Provider Ledger Bags US$380 Million in Series C Fundraise

Ledger, a French provider of security and infrastructure solutions for cryptocurrencies and blockchain applications, announced that it has raised $380 million during a Series C funding round led by 10T, a mid- to late-stage growth equity fund that invests in private

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Swiss and French Central Banks to Pilot Wholesale CBDC Project

The Swiss National Bank, the Banque de France and the BIS Innovation Hub announced that, together with a private sector consortium led by Accenture, they will conduct an experiment using wholesale central bank digital currencies (wholesale CBDC) for crossborder settlement.

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Shift Technology Joins the Unicorn Club by Securing $220 Million in Investment

Shift Technology, a France-based SaaS provider of AI-driven decision automation and optimisation solutions for the insurance industry, announced that it has closed a Series D investment round of $220 million. The latest funding round brings total investment in Shift to

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French Healthcare App Alan Raises €185 Million at €1.4 Billion Valuation

Alan, a France-based digital health insurance platform, announced last week the closing of a €185 million Series D funding round, bringing the company’s total valuation to €1.4 billion. The funding comes as Alan doubles its member base to 155,000 and

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ICC and Finastra Team up To Close the Growing Trade Finance Gap

The International Chamber of Commerce (ICC) and Finastra, a London-based financial services software and cloud solutions provider, have committed to a strategic initiative to tackle the growing trade finance gap. Both organisations are orchestrating an ecosystem and exploring the development

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Baloise’s Insurtech Arm FRIDAY Expands To France

FRIDAY, a Berlin-based insurtech which is a Baloise subsidiary, has announced its expansion into the French market. FRIDAY currently has a team at four offices namely Paris, Berlin, Warsaw and Luxembourg. Launched by Baloise as part of its Simply Safe

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Dutch Neobroker BUX Launched Its Investing App in France

BUX launched its zero-commission mobile investing app for its French users, making it the first neobroker of its kind in the market. This will be the third country launch for BUX in 2020, following the launch in Germany and Austria

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