FASST investment from Revaia & BPIFRANCE

A benchmark for distribution platforms for insurance and wealth management companies raises 27 million euros

Growth capital 2024, November

“We are delighted by the involvement of Revaia and Bpifrance, alongside the continued support from the public fund Nouvelle Aquitaine Co-Investment (NACO), as well as the management team to make FASST Europe’s leading distribution platform. This new stage has only been possible with the tremendous support of historical shareholders who have contributed to our very strong growth over the last 5 years and who remain key partners of FASST.”

Xavier Favre, Chairman and founder of FASST

FAAST, a benchmark for distribution platforms for insurance and wealth management companies, has raised €27 million in funding. The round was led by Revaia (which invested in Planity and Mews, a European sustainable growth investor alongside Bpifrance (invested in Gamestream and Beyond Aero) via its Large Venture fund.

Founded in 2017 by insurance experts Xavier Favre and Yasser Echoukry, FASST is based in Angoulême with offices in Paris and Bordeaux. The company employs 95 people and has a strong growth dynamic, marked by a significant increase in its turnover and a doubling of its recurring revenues over the last twelve months. It is supported by key shareholders in the sector, including AG2R LA MONDIALE, Malakoff Humanis, Digital Insure, Covea, and the M Capital fund.

To fuel its growth, FASST aims to strengthen its teams and broaden its market reach. The company plans to not only target major insurers, but also to expand its offerings to medium-sized insurers, brokers, and asset managers, providing tailored solutions to meet the diverse needs of these segments.