Fintech Particeep closed a €1.2 million Enterprise Mortgage funding with La Banque Wormser Frères.
Main editor of whitelabel on-line distribution options editor for monetary services, the French Fintech Particeep has closed a Enterprise Mortgage funding settlement with La Banque Wormser Frères. This revolutionary funding brings the quantity raised by the FinTech since its inception to 2.5 million euros and can allow it to strengthen its enterprise improvement in France and overseas in addition to its efforts in analysis and improvement.
The Enterprise Mortgage is an revolutionary funding answer, appropriate for high-growth start-up which have simply reached profitability. That is the case of Particeep, which achieved a progress of greater than 200% of its working revenue in 2018.
Based mostly within the coronary heart of Paris, Particeep provides off-the-shelf options to banks, insurers, asset managers and their gross sales power to show their merchandise and allow their finish clients to subscribe on any distribution channel to banking services.
Yearly, the corporate registered via its purchasers platforms greater than €200M in subscriptions to banking, insurances and investments merchandise and has already attracted many huge gamers akin to Crédit du Nord ( Société Generale Group), Crédit Mutuel Arkéa, Credit score Agricole in addition to asset managers akin to Novaxia Funding, Seventure Companions a subsidiary of Groupe BPCE and Paref Gestion.
” We’ve chosen this funding model for a lot of causes. First, it has the benefit of being little dilutive for the founders who wish to preserve no less than 70% of the corporate capital in anticipation of a big new fundraise spherical. As well as, it expands our manufacturing and funding capability in our Particeep Plug and Particeep Finstore merchandise with a purpose to reply instantly to rising demand in France and overseas. ” Steve Fogue, President and co-founder of Particeep.
” We had been impressed by the professionalism of the administration staff and its ambition. As a bank, we now have additionally been capable of admire the standard and robustness of Particeep’s options, confirmed by famend purchasers. The Enterprise Mortgage, an revolutionary funding model, subsequently appeared significantly appropriate for this fintech with nice potential. ” Julien Wormser, Chief Working Officer, La Banque Wormser Frères.
Testimony of Steve Fogue, CEO of Particeep, on video (with English subtitles):
About Particeep – Fintech Particeep closed a €1.2 million Enterprise Mortgage funding with La Banque Wormser Frères.
Particeep is a fintech that gives banks, insurers, asset administration firms and their distributors with turnkey on-line sale options for his or her monetary services.
Particeep provides a Relaxation API made up of ready-to-use banking and insurance coverage micro-services, and white-label monetary providers on-line distribution options.
About La Banque Wormser Frères
Banque Wormser Frères, based in 1936, stays one of many solely banks in France nonetheless unbiased, privately owned and managed by its founders. This household construction offers the bank the flexibility to make its personal strategic choices and to ensure a personalized relationship with all its clients and counterparts. The ensuing flexibility has enabled it to be among the many first banking establishments to adapt and to anticipate many current modifications on the earth of banking.
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