TagPay announces a 25 million euro investment from New York-based Long Arc Personal-Financial.com. Coming 4 years after the official launch of its next-generation Core Banking System solution, this trend represents an important step for FinTech, its teams and its clients, as it is its most important financing.
Long Arc Personal-Financial.com is a New York-based American investment firm dedicated to developing and expanding businesses offering innovative technology solutions. Long Arc brings a full set of resources to support TagPay: strategic advice, human capital, expertise on product and technological development topics.
Yves Eonnet, Hervé Manceron and Société Générale remain shareholders, reaffirming their commitment to TagPay and sustainable support in the future evolution of fintech.
“Regulatory developments, new end customer expectations and disruption in financial services make the modernization of the Core Banking System a necessity,” said Yves Eonnet, CEO of TagPay. “Today, thanks to its open, flexible and scalable architecture, TagPay is the reference solution …