French FinTech NGPES raises €5m to prepare for commercial launch

By Divya Shah

Why this matters: NGPES is developing infrastructure that connects conventional payment systems with digital asset settlement, supporting the growing convergence of traditional and digital finance.

French FinTech company NGPES secured an additional €5 million in follow-on investment from existing investors, including its founders, to support the next stage of its financial infrastructure business.

The latest investment followed an earlier €5 million funding round and approximately €5 million initially committed by the founders. This brought the company’s total investment to around €15 million.

The funding came as NGPES completed the development of its technology platform and prepared for commercial launch, subject to receiving the required regulatory approvals.

NGPES is developing financial infrastructure that connects traditional payment systems with digital asset settlement. Its platform combines IBAN-linked accounts, custodial wallets and euro on-ramp and off-ramp services, allowing businesses and financial institutions to manage traditional and digital asset transactions through a single platform.

The company aims to simplify financial operations and cross-border payments while improving liquidity management for financial institutions, payment providers and businesses operating internationally.

NGPES has also built an international leadership team with experience across banking, payment systems, financial technology, compliance and financial operations.

The company’s core technology platform has been completed and is technically ready for commercial deployment. NGPES currently holds a French Payment Institution (PI) authorisation and is seeking additional Electronic Money Institution (EMI) and Crypto-Asset Service Provider (CASP) authorisations.

However, commercial services will begin only after the necessary regulatory approvals and operational requirements have been met.

The company has also received recognition from France’s finance innovation ecosystem, including a place in its FinTech 100 ranking and the Finance Innovation label.

Suren Hayriyan, founder and president of NGPES, said the company had focused on developing its technology, building an experienced team and establishing the regulatory foundations needed to operate in the market.

He added that the platform was now ready and the company was preparing to bring its services to market, with continued investor support reflecting confidence in its long-term plans.

NGPES is targeting financial institutions, payment providers and corporate customers, with Europe serving as its regulated operating base.

Looking ahead, the company plans to develop EuroF, a euro-denominated stablecoin designed to complement its payment and settlement infrastructure. The launch will remain subject to the necessary regulatory approvals.