March 8, 2017
Success in any industry, in financial services especially, is attributed to a combination of factors, including economic conditions, federal support, regulatory environment, the role of the main stakeholders, and, of course, the leadership, expertise and guidance provided by the influencers’ community. Every country has its own community of thought leaders dedicated to national success. Previously, we have looked at the community of FinTech influencers in the US and top FinTech influencers in Italy.
This time, let’s turn to France, a European country with rich and rapidly growing FinTech ecosystem. France is among the countries that truly know and appreciate the value of knowledge and has a history of focusing on talent – the foundation of any innovative nation. The whole ecosystem in the country is tuned to create a climate for active, almost barrier-free, growth and development of innovative solutions in the financial sector and beyond. The success of that endeavor is indicated in numbers – from January to September 2016, FinTech investments in France increased by 71%, indicating growing interest in the segment. In Q3 2016, funding to French tech companies passed a record of $1.5 billion.
France also has an extensive incubator network that counts over 41 dedicated incubators (50 Partners, 104factory, Belle de Mai, Savoie Technolac, Paca-Est, EuraTechnologies, EM Lyon, Montpellier BIC, Paris Pionnières, and many more) across 12 major cities nurturing the next generation of innovators.
Among other attractive for startups and entrepreneurs hallmarks, French Secretary of State to the Minister of the Economy and Finance in charge of Digital and Innovation, Axelle Lemaire notes that France offers a truly supportive fiscal and legal framework for startups with entrepreneurs privileges and tax cuts for the corporation.
Flourishing entrepreneurial community in France partially owes its success to the strong leadership of FinTech supporters across industries. The FinTech influencers list that the LTP Team has put together is based on both thinkers and doers in the FinTech and FinServ space. It includes startup founders/CXOs, bankers, technologists, industry experts/advisors, regulators and people who run associations and industry bodies.