Fipto raises 15 million euros

Fipto receives 15 million euros to simplify international payments with blockchain technology. This is intended to help companies manage their treasury and payments in fiat and digital currencies.

Paris - Fipto, the French fintech company for treasury management, has raised 15 million euros in a seed financing round. This capital will be used to accelerate the platform, which enables companies to manage their corporate treasury and process international payments in fiat and digital currencies using blockchain technology. Serena and Motier Ventures participated in the financing round. This follows Fipto's registration as a Digital Asset Service Provider (DASP) with the French Financial Markets Authority (AMF) in March, confirming that its services meet strict regulatory requirements.

Fipto is a global B2B payment and treasury management solution that enables companies to convert and send any currency by leveraging the full value of the blockchain: Speed, cost efficiency and transparency. By combining best practices in traditional payments with the power of blockchain technology, Fipto provides its users with a compliant platform for fast, secure and 24/7 cross-border payments. Fipto is a registered Digital Asset Service Provider (DASP) with the French Financial Markets Authority (AMF). Learn more about

Digital currency payments as a business challenge

A growing number of global companies are using blockchain technology in projects that go beyond the technology's origins in cryptocurrencies - in the financial services industry as well as in other industries such as retail and supply chain. According to a study commissioned by Coinbase (June 2023), 83% of Fortune 500 executives surveyed who are familiar with blockchain said their companies either have current initiatives or are planning such initiatives.

Traditional transactions can take several days, are difficult to track and can be expensive as they involve numerous intermediaries.

Patrick Mollard, CEO & Co-Founder of Fipto

This increasing use of blockchain has created new challenges for companies, particularly in the area of treasury management and digital asset payments. Central banks have taken note, and a 2022 report from the Bank for International Settlements (BIS) stated that it had become necessary to "reduce the cost and duration of international payments for individuals and corporates through an ambitious CBDC (Central Bank Digital Currency) program".

In addition to payments, Fipto allows customers to take full control of their digital assets while managing and consolidating their corporate treasury in full compliance with French DASP and future European MiCA regulations. The solution also includes watertight security and authorization tools for complete asset security.

Fipto is compatible with major digital currencies such as USDC, USDT, ETH and BTC and allows companies to make payments in traditional currencies while respecting the requirements of their compliance and finance departments.

Grégoire Andrieu, Director of Business Development & Co-Founder of Fipto

The French Digital Asset Service Provider (DASP) status inspired the EU MiCA (Markets in Crypto-Assets) Directive, which was adopted by the European Parliament on April 20, 2023 and will come into force later this year. MiCA creates a legal framework for all digital asset operators.

Serena and Motier Ventures convinced

Thanks to its secure and compliant infrastructure, we are convinced that blockchain will profoundly change the world of financial services and that Fipto will be a leader in its field

Bertrand Diard, Partner at Serena

The Fipto platform was built from the ground up as a new payment infrastructure. The company's founders have more than 20 years of experience in banking and payments, and the team includes a cryptocurrency expert who developed a trading platform and a former sales manager at Coinhouse, the first digital currency broker to receive AMF approval for DASP.