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Money 20/20: 10 French startups continue the show in San Francisco.

Money 20/20: 10 French startups continue the show in San Francisco.

Right after the Money 20/20 conference in Las Vegas, twelve French Fintech entrepreneurs were handpicked by Business France to pitch and network with American corporations at the residence of the General Consul of France.

San Francisco’s infamous traffic jam during rainy rush hours can suddenly turn into a peaceful and magnificent experience if seen from Mr. Emmanuel Lebrun-Damien’s living quarters up in the hills.

Although everyone certainly enjoyed the amazing catering throughout the evening, the 60+ Fintech professionals who came to the Residence of France on the night of October 27th were strictly focused on mobile disrupting payments, or the last chipset technology improving transaction security.

Not even this intriguing world map made out of the artist’s own skin could sidetrack them from their business conversations.

1

“Mad Dogs and Englishmen”, by Graham Plumb

The event co-organized by Business France, Bank of the West, BNP Paribas and The French Alumni Association was the first attempt at bringing French Fintech entrepreneurs and American players together in the Bay as an extension of the Money 20/20 conference.

2

After the series of elevator pitch, every entrepreneur had the opportunity to network with large U.S. Fintech corporations such as Wells Fargo, JP Morgan, Robinhood or Bank of the West.

3

Joel Besnier, Director at BG Ingenierie has one minute to explain his company’s value proposition.

Among the selected French startups was Limonetik, which markets a software platform that streamlines the payment process for all the parties in the value chain such as payment service providers, payment methods, tier 1 merchants and marketplaces. Other companies represented the hardware side such as Tiempo Secure which develops innovative clockless chips for secured contactless transactions. Here are all the companies that had the opportunity to pitch: ABC SnartcardAntelop PaymentsBG IngenierieFimeSlimpayMIPISELimonetikStreamdata.ioTapbuyTiempo Secure. Not to mention our alumni Pradeo who did not pitch this night but also attended Money 20/20!

The world of Fintech encompasses a wide range of technologies and business applications such as peer to peer lending, payments, digital currencies, data & analytics, capital markets, block chain or insurance.

A recent report from KPMG and H2 Ventures ranked the most promising and established Fintech companies, shedding light on the sector’s diversification and its worldwide burgeoning. This year, 23 countries were represented in the top 100 most promising Fintech companies within which three French enterprises made the list for the first time:  Lendix, Leetchi and Fluo.

With Brexit driving more flexible regulations towards Fintech in France and the level of innovation displayed on October 27th, the future of the French Fintech scene looks bright.

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