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New season for the French fintech team!

January 31, 2017 | Press Releases

Key figures for the sector, 2019 panorama of French fintechs and major ecosystem events.

Paris, le 30 janvier 2019

France FinTech, the professional association of French fintech, today publishes key figures illustrating the acceleration of the sector in France and announces the programming for its 2019 season.

In four years, France FinTech, association created by French fintech entrepreneurs, has established itself as a privileged interlocutor and a trusted player in the financial ecosystem.

The association is committed to;

  • à represent young shoots, start-ups and independent scale-ups with the public authorities, the regulator, the media and various stakeholders,
  • à animate the ecosystem, promoting the excellence of the sector in France and abroad,
  • and participate to the development of an environment favorable to the development of champions and to the attractiveness of the Place de Paris!

For France FinTech, its members and its partners, the year 2018 ended around the annual Christmas dinner where more than 160 French fintech decision-makers gathered, public and private supporters who support the association. The opportunity to present a retrospective of the past year and to launch the 2019 season.

 

Some data on the sector:

  • € 365m raised for 72 deals in 2018 compared to € 318 million for 61 deals in 2017, i.e. + 15% and € 5,2 million in average tickets.
  • FinTech is the 2nd sector in terms of fundraising in 2018. It represents more than 8,5% of start-up fundraising in France (2018), behind Adtech.
  • The reason for the levies is interesting: it is very often a question of financing theacceleration and internationalization. Otherwise + 52% of French fintechs develop activities abroad (EU & International) and 70% are aiming for a foreign establishment by 2019/2020.
  • 3 French fintechs appear in the 2018 list of 100 Fintech leaders in the world ; October (ex-Lendix) ranks 45th among the "Leading 50", + Simple.fr and Shift Technology are positioned in the"Emerging 50».
  • 1 French fintech received an “Innovation Award” at CES from Las Vegas in early January; Ledger, for its new hardware wallet, the Ledger Nano X.
  • 6 fintech received the French Tech pass : Famoco, Lemonway, Linxo, Sesamm, Utocat, Younited Credit.
  • A strong dominance of new generation financing, investment and savings activities since French fintechs are distributed as follows: 43,9% Financing, investment and savings services (39% in 2018), 20,3% Payment services (19% in 2018), 16,1% Regtech , operations and infrastructure (17% in 2018), 10,8% Assurtech (14% in 2018), 8,9% Banking / PFM (11% in 2018).
  • Local dynamism with 25% of fintechs created in the regions and numerous initiatives to support research and entrepreneurship.  
  • 33% of French fintech teams were made up of women at the end of 2018, an encouraging figure given the figures for the global financial sector and that of the tech sector.

 

 2019, a year of acceleration

The year which begins will be marked by intense activity.

France FinTech is happy to count on his sides ofs partners committed trust to make France a stronghold for global fintech; we would like to thank Arkéa, Société Générale, Mazars, Banque Casino, CNP, Mastercard, Oliver Wyman, Suravenir, Blackfin CP, Roland Berger, Claranet, Oney, Google, Mangopay, Morning, One Point for their support. There is still time to join us to participate in this dynamic!  

Our fintechs are resolutely committed to an internationalization movement, in particular within the Single Market (but not only), the search for critical size and the viability of economic models.

"We now have internationally recognized champions and this will continue: many start-ups are ready to take over, in all service segments.. ” comments Alain Clot, President of France FinTech

The consequences of regulatory projects (PSD2, RGPD in particular) will be major, in particular for fintechs involved in payments, aggregators, neo-banks and insurance companies. After a first wave rather focused on individuals, players are strongly diversifying their developments towards business services, asset management, service platforms, etc.

Finally, entrepreneurs will be able to draw on leading local skills in cognitive science, artificial intelligence, blockchain and the internet of things, as well as on the very numerous partnerships concluded with players in the banking and insurance system, telecom operators, mass distribution, technology.

So many exciting prospects for fintechs and their association!

 

 

 First announcements of the 2019 season:

  • Panorama of French fintech 2019 France FinTech x BlackFin Tech: 

    Like every year, France FinTech publishes in partnership with BlackFin Tech the original panorama of French fintechs.
    Nearly 500 companies were listed this year, a promising vintage which reflects the acceleration of the sector in France. These were classified in 5 distinct families, then in sub-category of activity.

     

  • Fintech R: Evolutionⓒ - Tuesday April 9, 2019 • Station F • 13 pm to 20 pm: 

    Destination: Excellence! will be the theme of Fintech R: Evolution 2019 # FFT19.
    => Early bird tickets
    This 4th edition will address key topics that contribute to the influence of the sector, such as the performance of French fintechs. in terms of security (standards, regulations, compliance), innovation and technological mastery (AI, open banking, blockchain) and of course the key factors that propel our entrepreneurs towards excellence (capitalization, ambition, entrepreneurial vision, etc.).

     

  • New - 10 Fintech Days: 

    Welcome to France ! French fintechs welcome you for a spring in Paris.
    Du April 2 to 11, 2019, a series of events will be organized to reveal France's potential in digital finance. University conferences, open innovation weekends, discovery of research centers and incubators, events on gender diversity, closing of the Fintech Tour are just some of the events that will be offered.

     

     About France FinTech:

    Created in 2015 on the initiative of entrepreneurs, France FinTech brings together companies using operational, technological or economic, innovative and disruptive models, aimed at addressing existing or emerging issues in the financial services industry and representing the main components of the Faculty.

    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. It is chaired by Alain Clot and Kristen Charvin is its general delegate. Its steering committee brings together the founders and directors of ANAXAGO, BANKIN, FLUO, LYDIA, OCTOBER, QONTO, SMART ANGELS, YOUNITED CREDIT.

    Contact : press [at] francefintech.org 

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