Request Finance stars as the largest seed deal in France, H1 2022

fintech seed deals france h1 2022

· Request Finance, a cryptocurrency exchange platform that utilizes blockchain, was the largest French FinTech seed deal in H1 2022 raising $5.5m from eight different investors. The company plans to use the funding to grow their presence in the Web3 space, and help more traditional Web2 companies pay with, and get paid in crypto. Request Finance received their investments early in June, just one month after France became the first European country to approve regulation for a crypto exchange.
· Early in May, France granted the world’s leading crypto exchange platform, Binance, a Digital Asset Service Provider (DASP) registration, enabling them to operate within the country. This key milestone for the French crypto economy will likely generate more investments, and attract companies in the Blockchain & Crypto sector. As countries around the world continue debating the practicality of digital assets, France has just taken the first step toward becoming the industry’s hub.
· During the first half of 2022 the Blockchain & Crypto sector dominated, accounting for three of the top ten companies listed. The Blockchain & Crypto sector accounted for 32% of all FinTech seed investments in France during H1 2022 out of the 22 deals in total.

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