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Chill on the financing of financial start-ups


Fundraising in France is drying up. The amounts invested fell from 37 to 8 million euros.

At first glance, French finance (fintech) start-ups got through the first half of the year well.

After recording a record year in 2021, 66 start-ups raised a total of 1.382 billion euros, slightly more than a year earlier over the same period (1.334 billion), according to a study by the Fintech Observatory published this Tuesday.

But this amount is misleading.

In reality, the market was very buoyant in January and February: Qonto, the neobank for SMEs and VSEs, thus raised 486 million euros, Payfit (payroll software) 254 million or Alma (split payment solution) 115 million. .

As was already the case last year, insurance start-ups continued to do well, capturing 35% of funds raised: led by Alan (183 million), Descartes (107 million) and +Single (90 million).

The young shoots of payments follow.

"These are activities generating margins that can be comfortable"

, justifies Mikael Ptachek, president of the Observatory...

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Source: lefigaro

All business articles on 2022-07-04

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