The pandemic, a new opportunity for French fintechs ?

According to the Financial Times, the pandemic gave a chance to French fintechs to prove their worth. In fact, the newspaper indicates that fintechs have managed to raise € 492m compared to €686m in 2019. 

More than a short-term strategy, France is relying on Fintechs to boost French economy post-crisis.  This is because, the government has in mind to establish Paris as the European hub for startups, therefore replacing London status as the the bedrock of European innovation after Brexit.

So far, according to FT sister site Sifted, Paris is home to 1,200 fintechs while London has three times as many.