The amount of funds raised by French fintechs continued to climb this year, but at a slower pace. The number of deals declined as investors focused on companies with established business models, with larger tickets, while waiting for the crisis to end.
Faced with the crisis, French fintech is holding up the shock, but is showing less dynamic growth than in recent years. This year, fundraising rose 4% in the sector, to reach 664 million euros, according to the annual report of the Observatory of fintech, published on Thursday.
These figures, stopped on December 15, do not however include the announcement of Lydia (also this Thursday), which completed its fundraising of 40 million euros, carried out at the beginning of the year, to bring it to 112. million, setting a new industry record. The total amount would therefore amount to 736 million euros, an increase of 15%.