French Tagpay has been the most popular online payment service. This payment option is also available via mobile payment.

Long Arc Capital, an investment firm based in New York, led the latest round for funding of TagPay. The fund raised EUR25 million. Long Arc Capital, a New York-based private equity firm, will assist TagPay with strategic advice as well as human capital. Financial institutions continue benefiting from the startup's open-source, scalable Core Banking System technology.

TagPay's mission is to transform the Core Banking System (CBS) into scalable technology platforms with low total costs and open architecture.

French Tagpay Long arc Capitaltuckereustartups was created in 2016. It has been used by over 20 financial institutions (retail, digital, and e) to digitize their operations.

The company intends to use the funding to expand its European business, increase its customer base to around fifty financial institutions and adapt to local market needs.
Yves Bonnet, CEO at TagPay, notes: “With the rise of mobile and m-banking, we have seen an increase in the number of consumers who do not own a bank card or have access to the banking system. These users are a potential target of neo-banks and other FinTech companies.”

To address this challenge, the company created a solution allowing banks to manage their accounts more efficiently and securely. This is the basis of their solution and a key aspect of its success.

French Tagpay Long arc Capitaltuckereustartups https://trustedindian.com/french-tagpay-long-arc-capitaltuckereustartups/ has a network of more than 20 financial institutions as clients and more than 7 million end-user accounts. Moreover, the company plans to double its banking customer base while multiplying by five the number of end-customers provided with secured digital banking services by 2023.