FinTech Magazine October 2024 | Page 39

PARIS
TOP 10

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CLICK TO WATCH : Will Paris be a New European Finance Hub ? Mike Bloomberg

PARIS

VC : FRENCH FINTECHS RAISED US $ 1.05BN IN 2023
BNPL USERS : BNPL TRANSACTIONS IN FRANCE 15 % HIGHER THAN 2023
KEY COMPANIES : QONTO , ALAN , FLY WALLET
leading European hub , Paris is home to French fintechs raising € 939m ( US $ 1.05bn ) in 2023 , accounting for 18 % of funds raised in the European Union . The city hosts over 1,000 fintech companies , benefiting from a diverse ecosystem that includes major financial institutions , regulators and top-tier universities . Paris ’ s fintech landscape is further bolstered by the presence of global tech giants like JP Morgan and BlackRock , which have recently established technical centres focused on quantitative finance and AI . The annual Paris Fintech Forum attracts over 500 international participants from 40 countries , showcasing the city ’ s growing influence in the sector .
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