Select a page

France FinTech publishes the annual fundraising barometer: “French fintechs are at the forefront of French tech!”

December 28, 2021 | Barometers, Press Releases

Paris, December 28, 2021

France FinTech, the professional association of French fintech, insurance and regtech, publishes its annual barometer of fundraising, in partnership with Bpifrance.

France FinTech, the professional association of French fintech, insurance and regtech, publishes its annual barometer of fundraising, in partnership with Bpifrance.
2021 will have seen once again a strong acceleration of French fintech. This trend concerns each component of the sector.

Turnover has experienced very sustained growth with particularly cutting-edge sectors: payments, insurance, crypto, financing, services for very small businesses / SMEs.
Recruitments were numerous with a sector now employing around 30 jobs.
The creation of fintech itself continued with more than 150 new start-ups, particularly in the sectors of insurance, financing, micro-savings and impact finance.

This development, as well as the investment projects of our companies, have led to a strong increase in fundraising.
These have in fact reached € 2,3 billion (i.e. + 174% compared to 2020) in 93 operations.

The transaction analysis shows some interesting trends :

  • a sharp increase in average ticket which stands at € 24,4 million (+ 86%).
  • the presence of significant amount transactions : 7 fundraising over € 100 million, including four over € 4 million and one over € 150 million (Ledger, 300).
  • three quarters of transactions (in value and number) concerned Series B, C and D, confirming that many of our players have reached critical mass.
  • a consistently high level of seed operations (7% of the total, average ticket € 3,7 million).

Insurance (29% in value) and operational services (27%) register 3 at the top of the tricks.

Also note, the rise of foreign investors and in particular from outside Europe, the majority in large transactions. In this context, American and, to a lesser extent, British funds were particularly active.

The purpose of these surveys is mainly:

  • the internationalization of models,
  • technology (IA, Blockchain),
  • and especially recruitments. Our recent study reveals hiring intentions of 10 employees (excluding foreigners), ie a workforce expected at the end of 000 of nearly 2022 jobs.

The lifting of the exercise revealed 5 new unicorns, which are added to the 3 previous ones.

More generally, France is consolidating its place in the top trio of European levees.

  • United Kingdom: € 8,3 billion (including Revolut for € 679 million and Checkout for € 450 million)
  • Germany: 3,6 billion € (including N26 for 786 M €, and Trade Republic for 740 M €)
  • France: € 2,3 billion
  • Sweden: 1,7 billion € (including Klarna for 524M €)

FinTech is one of the most dynamic sectors of French tech:

  • first sector of the Next40 index (22,5% of the total)
  • second in the FrenchTech 120 ranking (16%)
  • 5 of the 13 unicorns that appeared in France in 2021 are fintech
  • first sector of unicorns in France (8/24)

The year 2021 will have seen the French fintech ecosystem experience a strong acceleration, very promising for the future of the sector. Our companies are developing, making themselves viable and internationalizing.

France has a real sector of excellence here, capable of bringing out several international champions and other “super apps”. Our ecosystem contributes significantly to skilled employment, growth (and recovery), financing of the real economy, short circuits, sovereignty, and the digitization of the economy.
He is resolutely committed to sustainable development and green finance, inclusion and financial education. Its innovations are at the service of individuals, businesses and public authorities.

However, this sector must be supported and consolidated:

  • Even if the size of our companies is growing very rapidly, we do not yet own any giants (“décacornes” and beyond) unlike our American and Chinese counterparts of course, but also English, German and Swedish.
  • France's high-quality pool of talent (especially in technology) will probably not be enough to meet demand, all other things being equal.
  • Local funding has improved a lot but is still insufficient in some pockets.

The continued mobilization of the entire ecosystem, entrepreneurs, public authorities, academia, regulators, funding, is therefore essential.
All of these subjects will be dealt with throughout the year and also during the next edition of Fintech R: Evolution on Thursday, October 20, 2022.

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 the excellence of the sector in France and abroad and to represent French fintech with the 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, YOUNITED CREDIT. In addition to its actions in regulatory and legislative fields, its numerous publications, its workshops and various meetings, the association organizes each year the benchmark 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.

contacts: 
France FinTech: 
Kristen charvin 
France FinTech - Managing Director
presse@francefintech.org
kristen.charvin@francefintech.org

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

All the news of French fintech!

Once a week, receive a summary of the latest news from the ecosystem.

You have successfully registered!