The news: Fintechs in France have raised €1.9 billion ($2.17B) this year as of September, more than double the €711 million ($810.7M) they attracted last year, per Sifted.
Zooming in the French fintech scene: Here are three reasons why fintech funding is booming in France.
Looking ahead: France is now gunning for the UK’s top spot, but it’s unlikely to even get close to the isles’ level of fintech funding and maturity anytime soon.
Bottom line: While the UK will attract the bulk of Europe’s funding for the foreseeable future, the fintech boom across the English Channel underscores significant scaling opportunities for startups and incumbents alike.
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