HomeFrance-StartupsLyon-based financial recommendation startup FinKey raises €800k

Lyon-based financial recommendation startup FinKey raises €800k

Lyon-based FinKey is developing an intelligent digital financial recommendation tool for very small businesses and innovative companies.

Founded in 2017, FinKey has just raised its first funding round of €800k from B612 Participations, Crédit Agricole Alpes Développement, Bpifrance, and business angels.

In just a few months, €8.3 million has been raised by startups thanks to the FinKey network. Using Big Data, FinKey has created an algorithm to find and select the most appropriate financing for each business project.

“We have around 5,000 financing options accessible to all and referenced on the platform (including grants & subsidies, bank financing, and capital investors),” said Florent Jacques, co-founder of FinKey. “We are in contact with 200 financing advisors, and nearly 100 partners and professionals in various trades, including accountants, business lawyers, and insurers. This network is the cornerstone of our support.” 

In order to offer quality coaching to executives through its marketplace, the startup uses multiple sources of public data. These make it possible to analyse and anticipate as much as possible the financing needs of companies depending on the sectors and the maturity of the projects.

“AI will enable us to improve our knowledge of the players in the financing ecosystem, anticipate their needs and connect them more effectively,” explained Jacques. “Our tool will become a digital guide for the entrepreneur so that he is always connected to the right people on the market.

FinKey plans to use the financing to recruit new talent, as well as accelerate technical development and skilled matchmaking between companies and their best financing counterparts.

“FinKey is a fintech that has managed to gain a foothold in the financing market in less than two years by bringing together a strong community of public and private actors,” Rami Hassoun, investment manager at Crédit Agricole Alpes Développement. “At the digital age, FinKey uses technological power by enhancing human support. We are delighted to be able to support this start-up with high potential.”

- Advertisement -
Mary Loritz
Mary Loritz
Mary served as Head of Content at EU-Startups.com from November 2018 until November 2019. She is an experienced journalist and researcher covering tech and business topics.

Most Popular