French fintech Alma has raised $95 million in a Series C funding round lrtrading led by Idinvest Partners and participated by existing investors including Cathay Innovation, Seaya Ventures, and Picus Capital. The latest funding round brings Alma’s total funding to $185 million and will be used to accelerate the company’s growth and expand its operations in Europe.
Founded in 2017, Alma provides a range of payment solutions for merchants and consumers, including installment payments, deferred payments, and instant credit. The company’s platform enables merchants to offer flexible payment options to their customers, increasing sales and customer loyalty.
Alma’s innovative approach to payment solutions has ifsptv gained traction in the French market, with the company partnering with over 10,000 merchants and processing more than 4 million transactions per month. The latest funding round is expected to help Alma expand its operations and grow its customer base in Europe and beyond.
Speaking about the funding, Alma CEO Louis Chatriot said, “We are thrilled to have the support of Idinvest Partners and our existing investors as we continue to grow and expand our operations. This funding will enable us to accelerate our growth and provide even more value to our customers.”
Idinvest Partners is a leading European venture giveme5 capital firm that has invested in a range of successful startups, including Criteo, BlaBlaCar, and Deezer. The firm’s investment in Alma is a significant vote of confidence in the company’s growth potential and its innovative approach to payment solutions.
Alma’s success highlights the growing demand for flexible payment solutions in the fintech industry, with consumers increasingly seeking more convenient and personalized payment options. By offering a range of payment solutions, Alma is well-positioned to meet this demand and help merchants increase their sales and customer loyalty.
The latest funding round is also a significant milestone for the French fintech industry, which has seen rapid growth in recent years. According to a report by KPMG, French fintech companies raised a record $1.7 billion in funding in 2020, with investments 123chill in the sector expected to continue to grow in the coming years.
Alma’s success is a testament to the strength and potential of the French fintech industry, and its ability to compete with larger players in the global market. With its innovative approach to payment solutions and its strong customer base in France, Alma is well-positioned to become a major player in the European fintech market.
In conclusion, Alma’s latest Series C funding round is a significant manytoons milestone for the company and the French fintech industry as a whole. The funding will enable the company to accelerate its growth and expand its operations in Europe, while also highlighting the growing demand for flexible payment solutions in the fintech industry. With the support of Idinvest Partners and its existing investors, Alma is well-positioned to become a major player in the European fintech market and drive innovation in the field of payment solutions.
