Ever since the pandemic began, we have witnessed a sharp rise in the need for digital services, with banking being one of them. While digital banking is on the rise, legacy banks have also realised the need to go digital. The French startup TagPay helps financial institutions by offering a complete suite of scalable and open Core Banking System technology. The company has now raised €25M in its latest funding round.
Largest funding yet
The private equity firm Long Arc Capital, which is based out of New York City, led the latest investment round for TagPay. With the investment, the private equity firm now owns a majority stake in the startup, while its co-founders Yves Eonnet (CEO) and Hervé Manceron (COO) will continue in their leadership roles with the company.