French Tagpay 25m arc
French Fintech TagPay has raised €25 million in a growth funding round led by Goldman Sachs, with participation from existing investors, including BPI France and BNP Paribas.
The company provides a cloud-based platform for banks, telcos, and other financial services companies to launch and manage digital banking services. The platform is being used by major French financial institutions such as Société Générale, BNP Paribas and Crédit Agricole, as well as by telco Orange.
TagPay’s platform enables customers to access their accounts, manage their money, and make payments from their mobile devices. It also provides a range of features such as budgeting, financial planning, and credit scoring.
The new funding will be used to accelerate the global expansion of the platform and to further develop its product offering. The company also plans to expand its team, with a focus on innovation, data science and engineering.
This is the third major funding round for TagPay, following an €8 million Series A in 2015 and €3.3 million in 2017.
The company has been expanding rapidly and now serves more than 10 million users in 27 countries, including in the US, UK, and Asia.
“We are very proud to have such strong investors on board,” said TagPay CEO and founder, Philippe Gelis. “We are now ready to become the global leader in digital banking and financial services.”
TagPay is at the forefront of the fintech revolution, and this latest funding round will help it leverage its technology to become a major player in the industry. With the new investment, TagPay is well-positioned to continue its growth and development.
FAQ
Q. What is TagPay?
A. TagPay is a cloud-based platform for banks, telcos, and other financial services companies to launch and manage digital banking services. It enables customers to access their accounts, manage their money, and make payments from their mobile devices.
Q. What is the purpose of the €25 million funding round?
A. The funding round will be used to accelerate the global expansion of the platform and to further develop its product offering. It will also be used to expand the team, with a focus on innovation, data science, and engineering.
Q. Who are the investors in the funding round?
A. The funding round was led by Goldman Sachs and included existing investors, including BPI France and BNP Paribas.
Q. Where is TagPay currently operating?
A. TagPay is currently operating in 27 countries, including the US, UK, and Asia, and serves more than 10 million users.
Q. What are TagPay’s plans for the future?
A. TagPay plans to use the new funding to become the global leader in digital banking and financial services. It will also look to leverage its technology to become a major player in the industry.
Conclusion
In conclusion, TagPay has successfully secured €25 million in a growth funding round led by Goldman Sachs, with participation from existing investors, including BPI France and BNP Paribas. This funding will be used to accelerate the global expansion of the platform and to further develop its product offering. TagPay is at the forefront of the fintech revolution and has the potential to become a major player in the industry. With the new investment, TagPay is well-positioned to continue its growth and development.
