NewAlpha Asset Management publishes the fourth edition of its annual mapping of French entrepreneurial FinTech.
Since the launch in 2015 of the first French Venture Capital fund dedicated to European FinTech, NewAlpha’s team of Fin & Tech expert investors is in direct daily contact with entrepreneurs and institutional players of the financia servicesl industry.
With several hundred companies analyzed, this mapping updated at the end of December 2020 offers a representative picture of the French FinTech sector.
The 387 companies that make up this mapping are French FinTech, entrepreneurial, established and substantially active at the end of 2020. These FinTech companies are transforming the banking, insurance and asset management businesses by offering new financial products or digital solutions that enable financial industry players to optimize their business processes.
They are grouped by sector of activity and seniority in order to measure their entrepreneurial dynamics over the last few years. An analysis of fundraising by sector also helps to anticipate changes in the financial industry.
You can download the detailed study and the 2021 mapping.
“The digital transformation of every economic player has reached an unprecedented pace during this very special year 2020. In this context, the pivotal role of the financial industry has proven to be fundamental and startups have been able to resist thanks to their structural assets. French FinTech startups have thus seen their strategic positioning, dynamism and international attractiveness significantly strengthened in 2020. Many developments point to the first French unicorns that will join the 24 European FinTech unicorns already identified and whose number has increased sixfold since 2016. More than ever, the French Fin&Tech scene offers great prospects. »
Lior Derhy, Managing Partner at NewAlpha AM.
ABOUT NEWALPHA ASSET MANAGEMENT
Founded in 2004 and based in Paris, NewAlpha Asset Management is an asset management company specialized in the sourcing, selection and management of alternative investments. It manages €2.2 billion through absolute return, private equity and venture capital funds. Its clients include more than 40 institutional investors from the French and international financial industry: public and private pension funds, insurance companies, asset managers and banks. Its entrepreneurial DNA is reflected in its shareholder base, which includes its employees and major financial institutions (Crédit Mutuel Nord Europe, MACIF and Natixis).
In November 2015, NewAlpha Asset Management launched the first French Venture Capital fund entirely dedicated to FinTech start-ups. The investment strategy implemented focuses on early stage European FinTech start-ups in the acceleration phase. The investment team, which has been working exclusively in this sector for more than 5 years, acquires minority stakes in FinTech startups whose innovative profile is based on their technology or business model. NewAlpha generally takes part in the first or second round of institutional funding (Series A and Series B).
NewAlpha Asset Management has been involved in more than 15 FinTech investments, including Lydia, Digital Insure, Mobeewave and Wikifolio. Many of these investments were achieved alongside leading venture capital funds (including Accel, SpeedInvest, Keen Ventures, Alma Mundi Ventures, Cathay) and major industry institutions (including Tencent, Samsung, Crédit Agricole, CNP Assurances, Swiss Re, BPI France, Aviva, PostFinance, Mastercard).