Crédit Agricole acquires majority stake in aggregation fintech Linxo
French cooperative to own 85% of Linxo after deal.
France
Goldman leads LumApps $70m Series C funding
The French start-up hits $100m in total funding.
Qonto raises $115m round led by Tencent
The SME challenger bank says it’s the largest funding round ever for a French fintech.
Lydia raises €40m in Tencent-led Series B funding round
Tencent-backed funding to be used to avoid “costly mistakes”.
BNP Paribas extends deal with Temenos
The two are agreeing to work together until 2028.
White paper: Next-generation acquiring in Mediterranean countries
What merchant acquirers should do to outperform increasing competition from new entrants.
Sopra Steria completes acquisition of Fidor Solutions
Sopra on the hunt to boost its digital banking product portfolio.
HSBC plans new restructure with France and USA in firing line
The global bank is aiming to cut costs and weed out loss-making divisions.
How would Boris Johnson’s 2% digital tax affect UK fintech?
The tax will target big social media platforms, search engines and online marketplaces.
French challenger Moneway aims to help users control their finances
Countryside neobank preparing to move out of beta.
French start-up Pixpay raises €3.1m to tap younger banking generation
The funding round was led by seed and growth investor Global Founders Capital.
French fintech Virgil raises €2.1m to co-own homes with first-time buyers
The start-up offers future buyers a capital contribution – not a loan.
CMTI 2019: Disruptors demand new approach from regulators
Banque de France deputy governor says the right mindset is key.
BNP Paribas picks up stake in AssetMetrix
French bank plans to build out its private equity offerings.
IDnow gains $40m funding injection from Corsair Capital
Verification firm plans to use fresh cash to open new locations.
570easi launches French Islamic banking challenger SOeasi
570easi now holds a customer base of more than 90,000.
Lemon Way nabs €25 million investment from Toscafund
Parisian payments firm plans geographic expansion with new funds.
How to thrive in an ever changing market, a conversation with the COO of Qualco
Spyros Retzekas, COO at Qualco says agility is the key.
Yolt gets closer to all-in-one banking app with Raisin
Yolt’s UK, France and Italy-based users can now open a Raisin account.
PayExpo 2019: Europe will catch the UK’s open banking lead up in a year, says Danske Bank
Danske says the European landscape lends to more unique businesses.
Worldline and Conduent to build new ticketing system for Paris transport
Consortium had to link 14 different systems together.
Regulators could delay Facebook’s Libra launch, says executive
Libra’s MD says regulators must be “fully onboard” first.
France warns UK to avoid Brexit derivatives clash
AMF wants Britain to guard against potential for arbitrage opportunities.
Caisse des Dépôts chooses Murex for its asset management
Murex’s MX.3 platform pulls every part of business into one.
EBA Clearing launches request to pay solution for Europe
It’s “the missing piece of the puzzle” for financial companies.
Challenger banks in France
Exploring the challenger bank landscape in France considering their offerings and their technology.
Video: fintech news weekly round-up – 8 July 2019
Some of this week’s news, in video format!
Banque Française Mutualiste selects SAB AT as its new core banking system
The system will operate in a multi-entity mode, with SAB supporting the hosting, operation and maintenance.
Crédit Agricole trials biometric payment cards
The six-month pilot project tests fingerprint authorisation.
Digital insurtech Qover welcomes €8m funding
The firm white-labels its solutions and is API-driven.
PayFit to double workforce with €70m funding round
French startup automates payroll and HR processes for SMEs.
Credit Agricole plans €15bn tech investment in four years
“100% of emerging technologies” will be tested for new services.
Yolt signs partners and prepares for wider roll-out
Yolt is also partnering with Payvision and Funding Options, both of which also have ties to ING.
Teen banking fintech Pixpay raises €3.1m launch funding
The Paris-based start-up was founded four months ago.
US modern card issuer Marqeta signs first Europe deals
Partnerships with companies in France, Scandinavia, Spain and Switzerland.
Societe Generale issues €100m of bonds for housing financing
These security tokens offer a range of advantages, says the bank.
French PFM Bankin’ raises $20m in Series B
The firm has raised a total of €28 million investment since its inception.
Facebook to drop P2P Messenger payments in Europe
The service will be discontinued in the UK and France on 15 June.
Sopra Steria acquires France-based core system vendor SAB
SAB’s SAB AT will be added to the acquisitive French company’s existing range of acquired core offerings.
SocGen’s trading woes amount to 1,600 staff cuts
CEO has left and trading is in a slump.
