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French challenger bank Qonto, which reached a $5bn valuation in January, has reportedly closed a crowdfunding campaign in just six hours.
While the US may be leading the way globally in FinTech and FinTech innovation, the European market is proving to be a pacesetter. Two key markets are France and Germany, with both markets in a tight race to be number two.
French digital insurance brokerage +Simple has closed a growth financing round on €90m, which was led by global investment firm KKR.
Coinhouse, which claims to be France’s first cryptocurrency management and transaction platform, has raised $17m in Series B funding.
France’s data privacy and protection body has slapped Facebook with a €60m fine and Google with a €150m penalty following misdemeanours around internet cookies.
PayFit, a payroll and HR management platform for SMEs, has secured €254m from a Series E funding round led by General Atlantic.