French Fintech’s Frenzied 2020

Jan 8, 2021 | Actualité, Parutions

“Fintech has become one of the most robust startup sectors across Europe, and France is no exception. The country’s entrepreneurs and political leaders have touted this as an area of enormous potential.

It seems investors agree. According to France FinTech, the professional association of Frances’s fintech companies (along with regtech and insurtech), fintech companies raised €828.2 million in 63 deals, up 18.5% from 2019.

The venture rounds driving those numbers, according to France FinTech included:

Also noteworthy, in 2020 the average round increased 20.6% to €13.1 million, a trend that tracks across global venture capital as investors turned to established startups seeking later rounds during the pandemic. Having three rounds over €100 was also a bit of a milestone, along with a growing number of international investors.

As for France’s ongoing fintech ambitions, 2021 has already gotten off to a strong start.”

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