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Companies like Amazon, Google and Facebook have taken steps into the financial industry, but now a French minister is urging FinTechs to stand their ground.
Business loan provider October has received €258m in funding to bolster its capacity to provide financing options.
France-based InsurTech Koala has scored €1.6m in a funding round led by UK-based incubator and fund Insurtech Gateway.
France-based FinFrog has reportedly raised €5m in its latest funding round, which will be put towards research and development efforts.
The Board of the Bank for International Settlements (BIS) is going to open four more BIS Innovation Hub centres across North America and Europe.
French tech startup ubble has bagged €10m in seed capital and a partnership with Bpifrance, the investment bank.
French FinTech iBanFirst has successfully raised €21m ($23.8m) in a Series C round, but things could reportedly have gone very differently.
COVID-19 has forced a lot of regulators to take special measures to stabilise the market, but some are now removing those restrictions.