French fintech Finary has raised a €2.1 million funding from its community via Crowdcube, the European marketplace for retail investment into private companies. The community funding, raised in just 21 minutes, was part of its recent investment round of €8 million led by Speedinvest and Y Combinator, bringing the total investment to €10 million.
It also saw the participation of prominent fintech founders such as Steve Anavi and Alexandre Prot (Qonto), and Eric Demuth (Bitpanda). The real-time investment monitoring platform Finary had earlier raised €2.2 million in a seed round last year.
Founded in 2020 by Mounir Laggoune and Julien Blancher, Finary is aimed at a new generation of multi-banked investors who manage diversified investment portfolios. Its wealth tracking web platform and app enables investors to manage their assets and track profitable investing opportunities.
Mounir Laggoune, CEO and co-founder of Finary said: “We’re excited to welcome our new investors to support our ambition of becoming the go-to platform for investment monitoring.”
Pauline Pham, country manager (France), Crowdcube added: “Crowdcube helps high-growth European companies raise capital and drive engagement, loyalty and advocacy from their communities. France is entering a new era of democratising investment where retail investors can more easily support exciting, high-growth private companies they believe in.”