Despite the coronavirus pandemic, fintechs have shown growth globally. As per a report, on average, fintech firms reported a year-on-year increase in their transaction numbers and volumes of 13 per cent and 11 per cent respectively in Q1-Q2 of 2020, as compared with the same period in 2019. In this regard, a Paris-based provider of analytics and AI solutions for investment professionals and enterprises, SESAMm, has announced its Series B round of funding of €7.5M.
About the investors
The round was led by two investors – NewAlpha Asset Management and The Carlyle Group. NewAlpha Asset Management offers products and services in the areas of Private Equity and Absolute Return strategies. In 2015 NewAlpha launched a Private Equity investment activity specialising in technology-driven sectors including Venture Capital (primarily fintech, insurtech and AMtech), and Growth Equity (TMT, health and industrial niches). It is a subsidiary of La Francaise AM (Crédit Mutuel Nord Europe group).