French fintech Next Generation has secured $5 million in Seed funding to launch its B2B payment ecosystem and explore M&A opportunities.
In August, Next Generation revived its euro-pegged stablecoin, EURT, which had been suspended in 2017 due to regulatory challenges. The revival comes in light of the EU’s Market in Crypto-Assets Regulation (MiCAR), providing new momentum for the project.
The newly acquired capital will be used to finalize technical development and expand partnerships within the blockchain-driven platform. Notably, one product will enable direct integration between Iban accounts and crypto wallets. Pre-launch commitments have already surpassed $10 million in Total Value Locked (TVL) from global financial institutions.
“Our solution redefines business transactions by merging traditional finance with digital finance innovation,” said Suren Hayriyan, president of Next Generation. “Businesses gain unmatched speed, cost efficiency, and seamless cross-border capabilities—all within a single platform.”
The company views complementary acquisitions as a vital growth strategy, highlighted by its recent purchase of Lugh Financial Services, a Digital Asset Service Provider (DASP) from France’s Casino Group, ensuring compliance with the EU’s MiCA framework.
“Strategic acquisitions of specialized firms reduce development costs, accelerate time-to-market, and deliver value to shareholders. It’s a win-win model: we gain expertise while investors benefit from a diversified, future-proof ecosystem.”