Key French FinTech investment stats in Q4 2025:
- French FinTech declined by 53% YoY in Q4 2025
- Average deal value dropped by 34% to $8.6m as investors grew cautious
- Filigran, a Paris-based cybersecurity and threat intelligence management platform provider, secured one of the biggest France FinTech deals of the quarter after raising $58m in a Series C funding round
French FinTech funding declined by 53% YoY in Q4 2025
In Q4 2025, the French FinTech sector experienced declines in both deal activity and funding compared to the same quarter last year.
A total of 19 deals were recorded in Q4 2025, representing a 30% decrease from the 27 deals completed in Q4 2024.
Funding also fell sharply, with FinTech firms raising $163.2m in Q4 2025, a 54% decline from the $351.9m raised in Q4 2024.
This combination of reduced deal activity and funding reflects a more cautious investment environment, with investors scaling back capital commitments year on year.
When comparing Q3 to Q4 2025, there was a recovery in deal volume as the number of transactions rose from 11 to 19 deals, marking a 73% QoQ increase.
However, total funding in Q4 2025 increased by 46% from $111.8m in Q3 2025, indicating that capital deployment also strengthened on a quarterly basis, albeit from a lower base.
Average deal value dropped by 34% to $8.6m as investors grew cautious
The average deal value in Q4 2025 was $8.6m, broadly in line with the $8.7m average in Q3 2025 and down 34% from the $13m average recorded in Q4 2024.
While quarterly funding improved, the lower average deal size compared to last year suggests investors remain selective, favouring smaller transactions as the market adjusts to tighter funding conditions.
Filigran, a Paris-based cybersecurity and threat intelligence management platform provider, secured one of the biggest France FinTech deals of the quarter after raising $58m in a Series C funding
The round led by Eurazeo, with participation from T.Capital, Accel and Insight Partners.
Founded in 2022, the company delivers open-source cyber and risk management solutions spanning threat intelligence, breach and attack simulation, and cyber risk governance through its eXtended Threat Management suite, including OpenCTI and OpenBAS.
With nearly 200 employees and a community of more than 6,000 members, Filigran supports thousands of organisations globally and is now expanding its RegTech capabilities through the development of OpenGRC, an open-source threat-informed cyber risk management platform designed to embed compliance, risk quantification and governance metrics into strategic decision-making.
The $58m injection will fund continued product expansion, international growth and further investment in engineering and community-led innovation.
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