While French FinTechs were experiencing strong growth in 2019 (the France FinTech association counted over 600), they were interrupted in their momentum by the economic and health crisis linked to Covid-19. The general economic slowdown affected them, as well as their customers and investors. However, according to a study by the independent deVere Group, the use of FinTech applications jumped by 72% in Europe during the crisis. A sign that FinTech’s innovative approach and remote services have won them over. Here’s a look back at the fund-raising activities of over 1.5 million euros in the FinTech sector in this special year.
kShuttle: 3 million euros – kShuttle develops financial and extra-financial performance solutions.
Investors: Odyssée Venture
Antenia: 2.8 million euros – Antenia is a SaaS-based provider of integrated management software for the insurance and healthcare industries.
Investors: Ebene
Qonto: €104 million – Qonto is developing a neobank for very small businesses and the self-employed.
Investors: Tencent, DST Global
Swile: €70 million – Swile (ex-Lunchr) dematerializes luncheon vouchers in the form of a payment card.
Investors: Index Ventures, Idinvest, Bpifrance, Daphni, Kima Ventures
Lydia: €40 million – Lydia was popularized by its peer-to-peer repayment functionality. The startup has since extended its scope, enabling users to consolidate their bank accounts in a single application, make bank transfers, and create online savings accounts.
Investors: Tencent
Memo Bank: €20 million – Memo Bank (formerly Margo Bank) is a bank for small and medium-sized businesses.
Investors: BlackFin Capital Partners, Daphni, Bpifrance Investissement
+Simple: €20 million – The startup +Simple specializes in insurance brokerage for professionals.
Investors: Idinvest, OneRagtime, Mundi Ventures, Speedinves
Tinubu Square: €15 million – Tinubu Square publishes SaaS solutions for managing credit insurance and bonding.
Investors: Long Arc Capital Bpifrance
Spendesk: €15 million – Spendesk develops a SaaS solution for managing business expenses.
Investors: Eight Roads Ventures
Alma: 12.5 million euros – Launched by a former Stripe executive, Alma is a solution that enables startups and SMEs to offer their customers the option of paying online in instalments.
Investors: ISAI, Idinvest
Joko: €10 million – Joko enables consumers to connect their mobile application with their bank to automatically accumulate points for every purchase made with their bank card (online or in-store) from partner brands such as Carrefour, Apple or Nike.
Investors: Partech, Axeleo
Yomoni: 8.7 million euros –Yomoni specializes in online savings management. It develops an algorithm for recommending personalized investments.
Investors: Weber Investissements, Crédit Mutuel Arkea
Akur8: 8 million euros – AssurTech Akur8 is developing a SaaS pricing solution based on artificial intelligence.
Investors: BlackFin Capital, MTech Capital
Pixpay: €8 million – Pixpay offers a banking application and credit card for 10-18 year-olds.
Investors: Global Founders, Capital Bpifrance, business angels
PayLead: 6 million euros – PayLead enables banks, FinTechs and retailers to create loyalty programs using banking data analysis.
Investors: Open CNP, Side Capital, Hugues Le Bret
Kard: €6 million – The Kard neobank provides teenagers aged 12 and over with a Mastercard payment card linked to a mobile application to manage their finances and track their spending in real time.
Investors: Founders Future, business angels
Score & Secure Payment: 6 million euros – Score & Secure Payment defines itself as a provider of digital payment solutions using guaranteed transfers and direct debits.
Investors: Cegedim, Valeo
Swan: €5 million – Swan develops a platform enabling companies to offer banking services to their customers, such as the creation of bank accounts and the provision of a Mastercard and IBAN.
Investors: Creandum, Bpifrance
Eloa: 5 billion euros – Eloa is a collaborative platform for credit and insurance distribution.
Investors: April, business angels
Libeo: 4 million euros – FinTech Libeo specializes in bill payment management for businesses.
Investors: LocalGlobe, Breega, business angels.
Dimpl (ex-Moment): 4 million euros – Dimpl is developing a service enabling companies to benefit from invoice-based insurance, so that they are paid on time and on budget.
Investors: Elaia, Idinvest, Bpifrance
ParaSwap: €2.5 million – ParaSwap is an aggregator of decentralized exchanges (DEX).
Investors: Coinfund, CoinGecko, Blockchain Capital, Lemniscap, Spartan Capital, CMS Holdings, Arrington XRP Capital, Woodstock Fund
Vybe: €2.2 million – Vybe is a neobank for young people aged 13 to 18. It develops a payment card and an application enabling them to manage their pocket money and pay with their smartphone.
Investors: business angels
Leocare: 2.2 million euros – Leocare is an AssurTech specialized in real estate.
Investors: Bpifrance, business angels
Smartpush : 2.1 million euros – Smartpush develops a solution enabling banks to monetize their customers’ data.
Investors: Truffle Capital, Région Sud Investissement
Multis: €2 million – Multis specializes in the development of cryptocurrencies for businesses.
Investors: White Star Capital, Y Combinator, Coinbase Ventures, eFounders, Greenfield One, Digital Currency Group
Baloon: 1.8 million euros – Baloon is a digital insurance broker for individuals in French-speaking Africa.
Investors: French Partner, Wind Capital, Nelly Brossard, Gaelle Olivier et Pierre-Olivier Desaulle, Thierry Delaporte, Cyril Benoit, Bpifrance
Easyblue: 1.6 million euros – AssurTech Easyblue is a platform for entrepreneurs and freelancers, particularly those with small structures.
Investors: business angels
Praexo: €1.6 million – Praexo develops advice and execution software based on market data.
Investors: Truffle Capital, Rothschild & Co.
PayGreen: €1.5 million – PayGreen is developing an eco-friendly online payment solution for e-tailers.
Investors: Leonis VC, NCI, Fairwest, NFactory, business angels.
Mon Petit Placement: 1.5 million euros – Mon Petit Placement offers individuals the opportunity to invest their money in the stock market.
Investors: Bpifrance Investissement, HUB612 Participations, business angels
Source : https://www.frenchweb.fr/qonto-swile-lydia-les-levees-de-fonds-de-lannee-2020-dans-la-fintech/410741
