| | MAY 2022 9assistance right away (through the Public Investment Bank - BPI, grants, loans, tax credits, and so on). FinTechs can also easily raise capital from private investors as a result of these public processes.Furthermore, the French government has made a number of steps in support of technology and entrepreneurship, as well as the development of financial start-ups. Paris seeks to improve its position in the European financial system as a result of Brexit.On March 10th, Truffle Capital & the governmental agency Finance Innovation will release a new ranking called "FinTech100." It has been initiated by Truffle Capital in collaboration with Groupe BPCE, Sopra Steria Group, and Sopra Banking Software. The much-anticipated ranking differs from other rankings thanks to the quantitative and qualitative dimension of its study, and its detailed data analysis on the industry. By weighing the four key criteria of fundraising, job creation, revenue and revenue growth, the ranking provides a comprehensive mapping of the French FinTech and InsurTech ecosystem. The Fintech 100 provides a good view of the booming start-ups& scale-ups ecosystem. A useful information as French start-ups are increasingly attracting new graduates who want to take up the challenges of entrepreneurship. "Indeed, 25 percent of new business school graduates are now starting their careers in start-ups, either creating or joining them" notes Bernard-Louis Roques, CEO and Co-Founder of Truffle Capital.Historical financial industry players, such as Truffle Capital, have developed their own FinTech/InsurTech investment structures to enhance the ecosystem and build a pool of possible strategic partners.With a 20-year track record in Tech companies, a unique DNA of Business Builders, and a specialized international team, Truffle Capital is ideally positioned to support the maturity of the FinTech market. Truffle Capital is establishing itself as a FinTech pioneer in Europe and is well-known for its incubator, but also for its early-stage investments initiated back in 2018. Starting 2022, Truffle intends to specialize in the scale-ups area with its new Scale-ups fund currently being raised. In the next few years, we are going to see a very profound transformation with the rise and uses of new dematerialized services. We expect an increase in M&A activity, with larger deals as corporates and FinTechs seek to gain scale in new sectors and acquire complementary solutions, while emphasizing on environmental, social, and governance (ESG) and focusing on banking substitutes and core banking platform modernization. Bernard Louis RoquesBankers and insurers are becoming more eager to collaborate with start-ups in order to develop long-term competitive advantages and to accelerate their digital transformation
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