The investment in the startups of the landscape fintech French is an increase compared to last year. What is the balance sheet for this first half of 2020 ?
© Observatory of the fintech
“The year has started in brass band “, welcomed Mikael Ptachek, the president of the Observatory of the fintech on the occasion of the publication of the results of the first half of 2020 for the industry new financial services. In six months, startups of the hexagon were able to raise 496 million euros, 12 % more than in 2019. The report, released this Wednesday, July 1, reflects an important optimism, although the number of transactions remains below 2019. This year, 36 fund-raising have been made, against 45 last year.
The Observatory has set before the maturity of the projects of each, which today requires larger round table. Many projects were realized, such as Memo Bank, the first neo-bank to obtain its banking license, opening the door to new opportunities for the services of the best online banks. ” The average has almost doubled in a year,” said Mikael Ptachek. The average amount per transaction is measured at 13.8 million euros, against 7.5 million in 2019.
Which are the engines of growth ?
In his study, the Observatory of the fintech has compiled a ranking of most important fundraising events, by comparing the measurements with those of last year. Quonto and its 104 million euros of new money enabled him to erect on the top of the podium (this is the biggest fundraiser of the fintech French). The neo-bank to the pros had concluded its operation XXL on 21 January, a few weeks before his activity weakens with the crisis of the COVID-19, highlighting its status as a payment institution without an offer of credit.
In the second position, the fintech Swile (formerly known as Lunchr), it was also an engine of growth on the landscape fintech French. 70 million euros were raised to support the diversification of its offer, originally specialized in the scanning of the tickets restaurants. The fintech account is open to the world. The operation, once again the record, was contrary to Qonto a case of post-confinement. In the third position, it is the assurtech Alan has announced that it has raised 50 million euros in further digitization of its offers health. A turn table in the C Series, also looped through to the next day of confinement.
The 20 largest fintech european unite under an association
The payment before the neo-banks
The fintech is an industry wide. Contrary to the stands of the iceberg, the new mobile banks are not the most important actors of the growth. In the first half, the payment predominates the sector, with a share of 178 million euros raised relating to the product. Swile invites you to the sides of Lydia, iBanFirst, Famaco, or the payment service solidarity Paygreen (interviewed here).
The neo-banks relate to 138 million euros, when the assurtech are 61 million euros. More discreet this semester – but far from without perspective of growth – the actors of the funding have raised 11 million euros for the first six months. It is expected players, such as Younited Credit, October and Mansa to come and support the market in the coming months.
Foreign funding, away from the GAFA
Back a few months back, when Qonto embarked on his fund raising of € 104 million. The event, which will allow him to prepare for obtaining his license as a credit institution, was also the opportunity for the fintech French to see the BATX (Baidu Alibaba Tencent, Xiaomi) among the investors. The neo-bank has received part of the money from Tencent, which continues to gain a foothold in the plans of the hexagon, at a pace stronger than the american giants.
The fintech european has suffered. Now that America is catching up
The trend is general in the rest of the fintech world, as explained in the Observatory, highlighting the positions of the BATX over the past five years. In all, 48 entries have been counted, against “only 15” on the side of the GAFA. Tencent, which is the mother house of a certain WeChat, had already been able to invite among the panel of investor to the fintech Lydia, specialized in mobile payment. The operation was joined to that of Qonto, while the two companies had completed their operation respective in the same week of February.
The objective of Tencent is not totally clear. May the two fintech who have received financial assistance from the chinese giant, however, could show as levers for the service to WeChat Pay can be functional for the hundreds of thousands of chinese tourists travelling in Europe. To this day, the ecosystem of Wechat already has over a million programs to connect to third-party applications.
Apple Pay
Offers free and without any condition
Zero fees abroad
Best book of savings
Wider range of products
50 €
OFFERED
See the offreNotre testCompte current
Condition : No condition of income
Annual fee : 0 € • initial Deposit : 10 €
Deposit of cheques : ✔ • cash Deposit : ✔
Credit card
Monthly cost of the card : 0 €
Withdrawals euro area : Free of charge • Payments euro area : Free
Withdrawals in foreign currency : Free • Payments in foreign currency : Free
Proposed maps
Mobile payment
Apple PayEN to SEE +1
Welcome Bonus highest
0 € minimum income required
Visa First without any condition
Customer Service of the year 2020
120 €
OFFERED
See the offreNotre testCompte current
Condition : No condition of income
Annual fee : 36 € • initial Deposit : 150 €
Deposit of cheques : ✔ • cash Deposit : ✔
Credit card
Monthly cost of the card : 0 €
Withdrawals euro area : Free of charge • Payments euro area : Free
Withdrawals in foreign currency : 2% • Payments in foreign currency : 2%
Proposed maps
SEE +2
Apple Pay
Google Pay
Pay
Bank the cheapest
Apple Pay, Google Pay
CB Visa First free
Payments abroad free of charge
80 €
OFFERED
See the offreNotre testCompte current
Conditions : 1 000€ net/month income minimum or 2 500€ amount outstanding on your different accounts
Annual fee : 0 € • initial Deposit : 300 €
Deposit of cheques : ✔ • cash Deposit : ✘
Credit card
Monthly cost of the card : 0 €
Withdrawals euro area : Free of charge • Payments euro area : Free
Withdrawals in foreign currency : 1,94% • Payments in foreign currency : 1,94%
Proposed maps
Mobile payment
Apple Pay
Google Pay
PayEN (SEE +3
Bank the most premium
CB Visa First free
CB Visa Infinite card available
Best life insurance
0 €
OFFERED
See the offreNotre testCompte current
Conditions : 1 200 € net/month minimum
Annual fee : 0 € • initial Deposit : 150 €
Deposit of cheques : ✔ • cash Deposit : ✘
Credit card
Monthly cost of the card : 0 €
Withdrawals euro area : Free of charge • Payments euro area : Free
Withdrawals in foreign currency : 1,95 % • Payments in foreign currency : 1,95 %
Proposed maps
SEE +4
