25m long arc capitaltuckereustartups leads EUR25 million round of funding for eu startup TagPay. The company’s founders are founders and former executives of Embarc Collective, Spain’s leading innovation incubator. The funds will be used to grow the company’s technology and expand its operations.
Tag Pay Raises EUR25 Million Led By Long Arc Capital
TagPay has raised EUR25 million from Long Arc Capital, a private equity firm based in New York. The investment will help the company boost its sales team and product development. The company is building an open core banking platform that helps financial institutions manage their accounts. TagPay also boasts a large customer base – over 7 million accounts.
The money will help the company expand its footprint in emerging markets. Long Arc Capital and Societe Generale are partnering with TagPay to help the fintech company expand its presence in Africa. In 2016, Societe Generale invested EUR1 million in the company. This investment will allow the company to grow its retail consumer base across Africa.
TagPay is a French fintech startup that offers a platform that helps financial institutions create a streamlined core banking system. The company offers its services to both traditional players and new entrants. TagPay has a team of 35 people, and is headquartered in Boulogne-Billancourt, France. Long Arc Capital and its existing investors plan to continue to support the company as it continues to grow.
Embarc Collective Is Spain’s Premier Innovation Platform
If you are a startup in the San Francisco Bay Area, or are in need of a space to work, Embarc Collective is the place to go. The incubator provides access to top startups, mentorship, and resources for its members. Startups can choose from a variety of space options, including an event space that can hold 250 attendees, a 60-person classroom, or a 30-person classroom. The incubator also offers team on-sites at discounted rates. Moreover, there are many on-site cafeteria options, including acai bowls and salads.
Embarc Collective has a diverse and growing community of startup entrepreneurs. The nonprofit innovation hub is committed to providing hands-on support for its member startups. Each startup is given a customized coaching program tailored to its needs. The incubator works closely with over one hundred early-stage startups, and it partners with more than 160 early-stage venture firms and expertise-focused organizations. In 2020, it will offer more than 1,300 hours of one-on-one coaching to its members, and hold 65 group learning sessions.
Embarc Collective is a 501c3 nonprofit organization with the mission of supporting 40 early-stage technology startups. Its support is hands-on and driven by the startup’s needs and goals. In addition to the incubator, the organization has plans to open a 32,000 square-foot innovation hub in Tampa, Florida.
Fonds Stratu00e9gique d’ Investissement Invests In Eustartups
Fonds Strategique d’Investissement is a French venture capital firm that invests in European start-up companies. It was founded in 2008 and is based in Paris. Since then, it has invested in six companies, three of which were exits. The fund is primarily focused on French customers and operates as an investment management company.
In addition to investing in startups, FSI also finances high-potential companies. The fund’s investment philosophy is focused on facilitating responsible growth through the development of technology. It invests in companies that can demonstrate a high growth potential and a solid foundation.
The fund is backed by four major French insurance companies. It will act as a responsible shareholder, supporting the strategic plans of its selected companies. The fund will propose its own representative to sit on the board of the target companies and will participate in company governance.