Investment & Fund Management
including the
Full Credential Description
FAMOCO, a French IT company specializing in Near Field Communication (NFC) technologies, faced the challenge of expanding its international presence while requiring significant investment to support this growth. Founded by Nicolas Berbigier and Lionel Baraban, FAMOCO developed the FX100+, a mobile Android NFC reader that facilitates various transactions, including the management of prepaid and transportation cards. As the company sought to broaden its market reach, it recognized the need for additional financing to support its internationalization efforts.
To address this need, FAMOCO turned to Bpifrance, the French public investment bank, to secure an EU-guaranteed loan. This loan was backed by the European Investment Fund (EIF) under the Investment Plan for Europe, which aims to enhance access to finance for small and medium-sized enterprises. The tailored solution provided by Bpifrance and EIF enabled FAMOCO to secure the necessary funding to expand its operations.
As a result of this financial support, FAMOCO's products are now deployed in over 25 countries, allowing the company to continue its growth trajectory and pursue new market opportunities. With a small team of six employees, FAMOCO is committed to spreading its innovative NFC technology globally, embodying the 'French Touch' in the tech industry.