French fintech Kriptown has secured €4.2 million in Series A funding to develop the first European stock exchange dedicated to small and medium-sized enterprises (SMEs). Leveraging blockchain technology under the European DLT Pilot Regime, Kriptown aims to revolutionize equity financing for SMEs by creating a new financial market.
- €4.2M Series A Funding: Kriptown raised €4.2 million, led by BNP Paribas, Bpifrance, and Centilux Family Office, to build a stock exchange specifically for SMEs.
- Innovative Asset Class: The platform will offer investors, including asset managers and individuals, access to SME shares with the added benefit of liquidity through a 24/7 secondary market.
- Expansion of PEA-PME Assets: Kriptown’s platform will expand the range of assets eligible under France’s PEA-PME financial framework, encouraging more investment in SMEs.
- Strategic Partnerships: Having BNP Paribas and Bpifrance as shareholders strengthens Kriptown’s mission to reshape market infrastructure for SMEs and foster innovation in the financial sector.
By leveraging blockchain technology, it will create a dynamic, investor-friendly marketplace, unlocking new opportunities for both businesses and investors across Europe.
