Fintech industry in France
The Fintech industry has kept growing in France over the past few years. The amount of funds raised by fintech companies is increasing every year, and has exceeded 350 million euros as of the first semester of 2019. The success of fintech in France can be noticed by the flourishing number of start-ups that emerge in the country, and this trend is expected to keep on growing strong, as French people's enthusiasm for fintech services will not slow down in the next years.
Financing services are the most active stakeholder of the Fintech industry, with the highest share of fintech companies in France. When it comes to this type of services, alternative finance is an instrument that is appreciated by French people. In 2018, 1.4 billion euros were collected through alternative finance, via different type of platforms, such as P2P consumer lending or P2P business lending.