Population
64.8M
Online population
60.8M
Currency
EUR
Population - 64.8M
[At the start](https://datareportal.com/reports/digital-2024-france#:~:text=The state of digital in France in 2024&text=France was home to 50.70,percent of the total population.) of 2024, 81.9% of France’s population lived in urban centres, while 18.1% lived in rural areas.
Internet penetration - [93.8%](https://datareportal.com/reports/digital-2024-france#:~:text=The state of digital in France in 2024&text=France was home to 50.70,percent of the total population.)
There were 60.8M internet users in France at the start of 2024.
Despite a complex European landscape, France stands out for its attractiveness. Indeed, in France, the FinTech ecosystem is very developed and comes in second place after the UK. According to the 8th annual overview published by the France FinTech association in partnership with Bpifrance, in 2023 France had nearly 950 FinTech companies and more than 30% of them were already established internationally.
Top FinTechs by sectors, Palmarès Fintech100
According to the moderator's Blog, France lists 29 unicorns in 2024. To obtain this status, a company must obtain a valuation of at least $1B.
In April 2024, French FinTechs raised €201.5M in equity (excluding debt) in 14 operations, with a cumulative amount of €404M in 36 operations since the start of the year. In March 2024, French FinTechs had collected €79.3M in 8 operations. Later it was marked by the operations of Pennylane, Greenly and Helios.
The first quarter of 2024 recorded a cumulative amount of €205M in 22 transactions, versus €250M in 2023. Note the remarkable fundraising of €46M carried out by Flowdesk, the crypto market maker whose role is to provide liquidity to buyers, and that of €40M by Pennylane, a financial and accounting management platforms. Overall, the sector demonstrates some resilience despite adverse circumstances. Fundraising is down like everywhere in the world, but merger and acquisition activities are progressing. With €939M raised in 2023 by French FinTechs, France remains the leading market in the European Union.
<aside> 🥐 Paris: a major hub for FinTechs Paris has firmly positioned itself as a major hub for FinTechs. So much so that it houses the largest space in Europe dedicated to the best companies in the sector, the FinTech Europe Hub. Paris offers FinTechs a strategic base to expand their activities internationally, and the emergence of incubation programs and specialized events such as: Paris FinTech Forum digital finance, FinTech R:evolution, French FinTech Week.
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