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FFT x BPI: Fundraising for the first half of 2021 from French fintechs

July 2, 2021 | News, Barometers, Press Releases

Paris, the 1er July 2021

France FinTech, the professional association of French fintech, insurance and regtech and Bpifrance publish the biannual barometer of French fintech fundraising.

French fintechs raised nearly a billion and a half, an increase of 228% compared to the same period of 2020.

A record semester

Cumulative fundraising (68 operations) is close to € 1,5 billion (€ 1498,9 million), i.e. 3,3 times the amount for the first half of 2020.

The period confirms and amplifies a trend observed for several years (reminder of total fundraising in 2020: € 828m, 2019: € ​​699m, 2018: € 365m).

 


Analysis of the transaction flow also shows
the maturity of a number croissant actors, illustrated by several indicators:

  • la progression supported by average ticket (€ 22m, + 44,7% vs. H1 2020)
  • the increase in the number of transactions greater than or equal to € 50 million (7).
  • the presence of 15 Series B transactions and beyond for a total of € 1,1 billion

 

However, emergence young shoots do not become dull as evidenced by the number of priming emergence (47% of the total).
Finally, we note that the objemain t fundraising is the financing of growth (often very strong), international expansion and recruitments.

In sectoral terms, the levies concernedfirst and foremost:

  • insurance services (39% of the total amount), with large-scale operations (3 over € 100 million and no less than 6 Series A between € 10 and € 30 million)
  • so-called “operational” services  (28% of waivers), solutions dealing with invoice and expense report issues or offering dedicated solutions for the purchasing or HR function.  
  • savings services
    • Epsor carries out in series B the most important fundraising for a French savings player (20M €)
    • Also emergence of many savings and retirement management solutions over the past 18 months

Also note the development of models focused on the Impact : (education, inclusion, solidarity, proximity, green finance, etc.) in all sub-categories (neo-banks, savings management, investment). 

The presence of international and global investors in significant lifts are amplified.

French fintech now employs 25 people and includes 000 new unicorns : Alan, Shift Technology and Ledger who join iValua, Kyriba and Dataiku (the latter two now established in the United States).

It is one of the most dynamic in Europe and one of the main components of French tech : first sector represented in the Next40 (9 fintech) or the European ranking Vivatech x GP Bullhound (first sector in France) and second in FT120 (19 fintech). 

All these topics and many more will be covered at our big annual event, Fintech R: Evolution, whose central theme will be: “Faster Better Stronger” and which will be held on Thursday, October 14, 2021 on the roof of the Grande Arche in La Défense.

About France FinTech:

Created in 2015 on the initiative of entrepreneurs, France FinTech brings together companies using innovative and disruptive operational, technological or economic models aimed at addressing existing or emerging issues in the financial services industry and representing the main components of the sector. The association's mission is to promote excellence in the sector in France and abroad and to represent French fintechs to public authorities, the regulator and the ecosystem. France FinTech is today the largest sectoral association of start-ups in France and in Europe. It is chaired by Alain Clot and Kristen Charvin is its general delegate. Its steering committee brings together the founders and directors of ANAXAGO, EPSOR, JENJI, LEDGER, LYDIA, + SIMPLE, OCTOBER, XAALYS, YOUNITED CREDIT. In addition to its actions in the regulatory and legislative fields, its numerous publications, its workshops and various meetings, the association organizes each year the reference event of the ecosystem, Fintech R: Evolution

France FinTech is a member of the AMF-ACPR Fintech Forum and a founding member of theEDFA (European Digital Finance Association).

Follow us on twitter @FranceFintech and on LinkedIn France FinTech.

About Bpifrance

Bpifrance finances companies - at each stage of their development - with credit, guarantees and equity. Bpifrance supports them in their innovation projects and internationally. Bpifrance also now ensures their export activity through a wide range of products. Consulting, university, networking and acceleration program for startups, SMEs and mid-cap companies are also part of the offer offered to entrepreneurs.

Thanks to Bpifrance and its 50 regional offices, entrepreneurs benefit from a close, unique and efficient interlocutor to support them in facing their challenges.

More information on: www.Bpifrance.fr - Follow us on Twitter: @Bpifrance - @BpifrancePresse

contacts: 

France FinTech Bpifrance 

presse@francefintech.org

Kristen charvin - General Delegate

quentin.mayolle@bpifrance.fr -

DIGITAL VENTURE INVESTMENT DIVISION