French FinTech startups raised $700mn in 2019

December 23, 2019 | InsureTech
Written by FinTech Alliance
French FinTech startups raised $700mn in 2019

In a report by ‘Observatoire de la Fintech’ cited by BorntoInvest, the sector was found to have raised $700mn in funds.

In Brief:

  • Some of the largest rounds came from Spendest, Wynd and Lunchr.

  • Companies are said to have looked to grow internationally.

  • Increasing numbers of international investors are investing in French funds.

What does this mean?

France is not often touted as a FinTech leader but the country has seen significant development this year, highlighted by international interest in startups. There have been a lot of mergers and acquisitions and, unsurprisingly, a key area for innovation has been the insurance sector.

Read more here.

 

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