"Crowdfunding has recorded a new drop in fundraising this year, which is hardly surprising given the economic and geopolitical context, accentuated by a new regulatory framework that has brought its share of constraints and requirements. A mirror sector of the French economy, it is suffering the full force of the real estate crisis and tax uncertainty (when innovation support mechanisms falter, investors become more cautious). However, consolidation is underway, which brings welcome structuring and is a sign of growing maturity. With European approval, foreign platforms are setting up in France, and conversely, French players must seize the opportunity of European expansion to accelerate their growth."

Florence de Maupeou, Deputy Director General of Institutional Relations and Crowdfunding at France Fintech