In 2010, Bertrand Sylvestre-Boncheval and Jean-Rémi Kouchakji created a payment solution which relies on wristbands and handmade payment terminals to manage payments at HEC’s student bar. The system was then improved to scale up from tens to thousands of consumers. In 2012, they equipped the Hadra Trance Festival, the first 100% cashless festival in Europe, managing cashless payments of 14, 000 festival-goers at the festival’s bars and food stands. Two fundraisings of 1.1 million of euros in 2015 and of 4.5 million of euros in 2017 allowed the company to invest substantially in R&D and products and to diversify itself on all private payment markets. The main investor is La Caisse des Dépôts et Consignations (equivalent to the French sovereign fund). Nowadays, PayinTech is a worldwide fintech leader in cashless systems. The added value has always been the same: simplify transactional systems while allowing corporate customers to increase their on-site revenues, optimise management costs and to improve their users’ experience. Since 2015, PayinTech equips resorts, amusement parks, stadiums, events, local authorities, life bases, companies and NGOs in 16 countries from Europe, Africa, the Middle-East, Latin America and South-East Asia.