6 FinTech startups that are changing the financial sector in France

By Gloria Methri

FinTech is the new technology that seeks to improve and automate the delivery and use of financial services. At its core, FinTech helps companies, financial institutions, business owners and consumers better manage their financial operations, processes using specialized software on computers and increasingly smartphones.

In France, there is a general sense of optimism in the FinTech sector, due to exuberant start-up culture, increased access to capital, availability of technical talent and financial incentives.

Recently, France topped the rankings of LinkedIn’s second annual Top Startups list, with six companies represented. The list was created using LinkedIn data in four areas, specifically employee growth, job applicant interest, employee engagement and their ability to attract talent from other top companies.

The following are the six FinTechs among the best start-ups in Europe this year.

Qonto is a business finance solution for SMEs and freelancers with online banking, bookkeeping and payment functions. Founded in 2016, the FinTech raised €486 million in Series D funding in January 2022 at a valuation of €4.4 billion.

PayFit is a software for payroll administration and HR for companies with up to 500 employees. The company last raised €254 million in Series E funding in January 2022 at a value of €1.82 billion.

Beanstock is a buy-to-let marketplace that allows individuals to buy and manage properties online. The company was founded in 2020 and raised a series A of 12 million euros in April 2022.

Silvr is an alternative funding platform for digital entrepreneurs that offers solutions to increase business performance. It claims to process applications in less than 24 hours and borrowers can repay based on their income. The two-year-old FinTech secured €130 million in February 2022.

Masteos is a real estate investment advisory agency that helps users find, buy, renovate, furnish and rent properties on its app. The Masteos advisor is responsible for the research, acquisition, valuation and management of an individual’s property. The company was founded in 2019 and raised 40 million euros last June 2022.

Swile is a provider of digital solutions for employee benefits with a smart card and an app for employee engagement. Developed in 2018 in France, Swile aims to promote “happiness at work.” The company last raised $200 million from Softbank in October 2021.

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