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FINTECH R: EVOLUTION: FASTER, STRONGER, BETTER

October 20, 2021 | News, Publications

In the middle of the French Fintech Week, which was held in Paris from October 8 to 15, France Fintech brought together French fintech entrepreneurs this Thursday, October 14 on the roof of the Grande Arche in La Défense. This year, the theme was in three words: “Faster, Stronger, Better”. The change in dimension of the event, which migrated from Station F to La Défense, perfectly illustrated the dynamism of fintech in France and internationally. We take a look back at some of the highlights of this edition.

As soon as you arrive on the Esplanade de la Défense, you can't help but look up at the Grande Arche. After an express rise, which is reminiscent of the acceleration of the amounts raised by French startups in recent years, we land on the roof of the building. The room is already bubbling, the finest fintech flower is active inside. Some network, others quickly join a conference that has just started, while the last listen to the space that sees successive pitches from entrepreneurs.

Chance and the geography of the place mean that we immediately find ourselves in the Talents & Management room, which hosts conferences hosted by the entrepreneur and podcaster Matthieu Stefani. We talk about a recipe for creating a fintech with the founder of Swan, Nicolas Benady, and the co-founder of Anaxago, Caroline Lamaud Dupont, or even the media figure of the entrepreneur. How to make your voice heard in a press eager for success, quick to turn CEOs into gurus, without losing sight of your business objectives? Three media entrepreneurs, at the head of fintechs who are equally so (IbanFirst, Shine and Seyna), came to share their experience at the microphone of the one who regularly gives them the floor, in his podcast “Generation Do It Yourself”.

After having dissected the human factor common to all these entrepreneurial adventures, it is time to tackle the key subject of financing. It is on the Economy & Society scene that two of the most active VCs in France, one of the best funded entrepreneurs, and the CEO of the Paris Stock Exchange will debate for nearly an hour. Asked by Solenne Niedercorn-Desouches on what characterizes the escalation of financing in fintech, David Thevenon, General Partner of the London-based fund Balderton Capital, notes three aspects: the increase in the amounts raised by startups in the world and in Europe in particular , the increasing number of megalevées (over 250 million euros), and the source of funds in full evolution. While they came mainly from Europe before, the funds raised by fintechs now come from Asia and the United States. David Thevenon thus takes the example of American hedge funds such as Tiger Global or Coatue Management, which, more accustomed to operating on the public markets, are now watching with attention the interesting returns on the private markets. When they invest in European startups, they deploy large amounts very quickly, and have the advantage of not being very active on the board of these startups. “These funds are looking for ROI and access to inside information in order to make more money in the public markets“, Says the General Partner of Balderton.

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