NewAlpha founding member of "Swave", the new start-up incubator entirely devoted to FinTech
October 25, 2017

NewAlpha founding member of "Swave", the new start-up incubator entirely devoted to FinTech

NewAlpha Asset Management (“NewAlpha”), an expert in investments targeting the entrepreneurial financial industry worldwide, launched the first French venture capital fund* dedicated to FinTech companies in November 2015.

NewAlpha founding member of "Swave", the new start-up incubator entirely devoted to FinTech

NewAlpha is proud to announce the launch of Swave, the first physical incubator, entirely dedicated to FinTech firms and managed by Paris&Co with the support of the French government.

This new platform, fostering “innovation”, will offer 2,500 m² of office space in the Grande Arche, in the heart of La Défense. The objective is not only to create an innovation-friendly business environment but to attract European FinTech firms to La Défense which is Paris’ main financial district.

Swave, founded by NewAlpha, Societe Generale, Crédit Municipal de Paris and Exton Consulting, will work closely with the research and higher education bodies (Institut Louis Bachelier) as well as territorial authorities.

"An actual physical platform for the incubation of Fintech start-ups fits perfectly in the array of services offered by NewAlpha. Joining forces with Paris&Co and the other founding members seemed ideal, because the project is part of a real public-private commitment to promote the FinTech sector internationally.” says Lior Derhy, Director of Private Equity at NewAlpha AM.

"The historical positioning of NewAlpha as an emerging manager incubator and its capacity to connect with institutional investors convinced us in our quest for the right partner for Swave" adds Edouard Plus, Head of Swave.

NewAlpha has met with more than 150 start-ups over the last twelve months. Its FinTech analysis and selection expertise, as well as potential financing from its Venture Capital NewAlpha FinTech* fund are valuable strengths.

More than thirty start-ups, from four different sectors of innovation, will constitute the first “class” to be admitted to Swave.

  • Neo-finance: new ways to conceive traditional banking and insurance models
  • Cybersecurity: data access, data encryption, anti-hacking, blockchain
  • Artificial intelligence, big data and machine learning
  • The finance of tomorrow: sustainable finance, climate finance, impact investing, regtech

Applications are to be submitted by 17 November 2017. Swave will open its doors on 8 December 2017.

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About La Française Group

For forty years, La Française has been developing core competencies in third party asset management.

La Française has a multi-expertise business model organized around four core activities: securities, real estate, investment solutions and direct financing. The group caters to institutional and private clients throughout the world. 

With 639 professionals and offices in Paris, Frankfurt, Geneva, Hamburg, Stamford (CT, USA), Hong Kong, London, Luxembourg, Madrid, Milan, Seoul and Singapore, La Française manages €65.8bn in assets (as at 01/01/2019).

La Française is a forward-looking responsible investor and as such, incorporates tomorrow’s challenges into today’s investment strategy.

La Française is owned by Credit Mutuel Nord Europe (“CMNE”), a banking and insurance group present in Northern France and Belgium.