Fintech fundraising divided by three

The storm is here. And fintechs are navigating as best they can in this hostile weather. The sudden rise in rates, initiated last year by central banks, dried up sources of financing.

According to figures published this Tuesday by France FinTech, the association representing the sector, and Bpifrance, French fintechs raised 736 million euros as of September 30, a drop of 66% compared to the first nine months of 2022, and by 57% compared to 2021.