To keep up with the accelerating pace of progress in technology, and sometimes in regulations,...
BNP Paribas: the bank for innovative entrepreneurs
For a number of years already, BNP Paribas has been building a global support programme for innovative start-ups in France and abroad. We take a look with Myriam Beque, Head of Innovation Development, French Retail Banking at BNP Paribas.
In 2012, BNP Paribas launched its first Innovation hubs to meet the specific banking needs of start-ups: from fund-raising, stock-market flotation and internationalisation, to wealth management for executives.
The Group itself participates in this financing by investing in start-ups via seed funding or sometimes even directly, through its own risk-capital structure. “Besides the essential matter of funding, start-ups also need to find their first customers,” Myriam Beque points out.
We decided to appoint investment managers to offer banking support to these atypical companies throughout their funding process.
Two accelerators in ParisTo meet its own needs, the BNP Paribas Group also set up two accelerators in Paris, dedicated to the FinTech and InsurTech segments, one in partnership with Plug and Play, the global innovation platform in Silicon Valley, and the other thanks to the expertise of L’Atelier, the BNP Paribas technology intelligence unit. For start-ups in search of new markets, this is an opportunity worth grabbing. BNP Paribas lets them benefit from its global network deployed in 80 countries.
As a major international bank, BNP Paribas can offer start-ups support in their development from A-Z. They should make use of it, since they are our clients of tomorrow!
FinTechs have been on fire in recent years, garnering huge amounts of capital infusion and...