Founded in 2022, Cartan Trade operates as a managing general agent (MGA) that distributes trade credit insurance to corporates and financial institutions, leveraging underwriting capacity from re/insurer Scor. Its digital platform allows clients to obtain and manage trade credit cover, and the firm is currently active across Benelux, France, southern Europe and the Nordics. Cartan reports a portfolio of 400 active policies representing €12 billion in committed cover and forecasts a 30 % increase in premiums to €40 million by the end of 2025. The company has been staffing up in its initial markets while preparing entry into the London market, Spain and northern Europe. Recent ownership changes see Scor holding 48 % of the company, Intact Corporation Financière holding 44 %, and Bpifrance retaining 8 %. The fresh capital will be used to accelerate Cartan’s technological development and international expansion plans.

Total raised

$10M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2025