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French Tech Defies Adverse Circumstances To Flourish

As underlined by a recent report from EY, France is currently bucking a global trend. Even as the energy crisis and skyrocketing inflation have cooled the ardour of investors around the world, French venture capital is positively booming. Start-ups in the country raised a record €13.5 billion in 2022, a 17% increase on the previous record set the year prior.
United States United Kingdom Ben Marrel Maximilien Bacot French Tech French President Emmanuel Macron

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Paris-based Breega closes €250M fund, opens Barcelona office to back Iberian startups – TechCrunch

Paris-originated VC Breega wasn’t enormously well-known in the VC world (it only closed its 1st fund in 2015) until, perhaps, it started attracting attention with its second €110 million Seed fund, just under a year go. It’s portfolio now includes a number of scale-ups including Moneybox, Cuvva, Coverflex and Libeo. Perhaps part of its ‘secret […]
France General City Of United Kingdom Comunidad Autonoma De Cataluna Isabelle Gallo Ben Marrel

Kenya's fintech Kwara lands $4 Million in seed round from Breega, SoftBank to build neobank for credit unions – TechCrunch

The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them with its proprietary Back-end-as-a-service (BaaS) software. The startup’s trajectory has been steep, as its clientele shot up from two to 50 in just over two […]
South Africa Cynthia Wandia Ben Marrel Softbank Vision Fund Central Bank East African

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