Caption
Caption is a Paris-based, ACPR/AMF-regulated investment platform providing curated private equity, private debt, collectibles, and alternative funds to French HNW investors, plus white-label technology and regulatory infrastructure for wealth managers and asset managers via subsidiary Clint Capital.
- Company typePrivate
- Founded2020
- HeadquartersParis, France
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Caption does
Caption is a Paris-based, ACPR-regulated investment firm founded in 2020 that operates a dual-architecture platform combining a B2C private market investment portal for high-net-worth individuals with a B2B infrastructure-as-a-service offering (Caption Services) for wealth professionals. The platform curates and distributes non-listed assets — private equity, private debt, collectibles, and alternative investment funds — to qualified French investors through a selective admission process (online form, phone interview, KYC), with minimum investment tickets starting at €10,000–€20,000 and a three-tier membership structure (Access, Black from €250,000 invested, Platinum from €1,000,000 invested). The company's wholly-owned AMF-licensed subsidiary, Clint Capital, creates and manages dedicated fund vehicles including FPCI Blueberry (early stage), FPCI Cassidy (AI-focused fund of funds), and bespoke FCPR, FPCI, SLP, and ELTIF 2.0 structures for institutional and retail distribution.
Caption's core technology is a proprietary, modular investment platform developed in-house over five years, covering digital subscription workflows, KYC/KYB compliance, AML/TRACFIN screening, MiFID-compliant order processing, fund administration (RTO, NAV validation, capital calls, distributions), investor and distributor CRM, automated billing, and a REST API for third-party integration. The platform is deployable as a white-label solution for distribution partners in under 24 hours under their own branding and custom domain. Infrastructure is hosted on Naitways (ISO 27001, SOC 2 Type II certified), with payment processing handled by partner Mangopay and electronic signatures by sub-processor YouSign.
Caption's revenue model combines transaction-based and recurring streams: entry fees of up to 2% on private debt operations, annual management fees on debt assets (with tiered discounts for Black and Platinum members), distribution commissions remitted to a network of 200+ IFA and family office partners, and structuring fees plus asset-based management fees generated through Clint Capital for bespoke fund vehicles. The go-to-market is sales-led, with dedicated private managers assigned to each admitted investor and direct account management for B2B distribution partners. As of 2026, the platform has facilitated over €110 million across 75+ operations, with 4,000+ admitted investors and 200+ professional distributors onboarded, and supports 25–30 companies per year through curated club deals, private equity, and debt financings.
Caption firmographics
Firmographics- Name
- Caption
- Legal name
- Caption SA
- Website
- https://caption.market
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Caption is a Paris-based, ACPR/AMF-regulated investment platform providing curated private equity, private debt, collectibles, and alternative funds to French HNW investors, plus white-label technology and regulatory infrastructure for wealth managers and asset managers via subsidiary Clint Capital.
- Ownership category
- akta.pro rank
Caption industry classification
Industry- Product category
- Private Market Investment Platform
- NAICS
- Investment Banking and Securities Intermediation (523150), Portfolio Management and Investment Advice (523940), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282), Loan Brokers (6163)
- akta.pro primary industry
- AML/KYC, Investor Onboarding & Compliance Services (FSAAAMAE)
- akta.pro secondary industries
- P2P Loan Syndication & Participation Platforms (FSAKAHAL), Private Banking Advisory & Discretionary Portfolio Management (FSABADAD)
Keywords
Where Caption is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
Caption business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Entry fees on private debt operations: Caption charges entry fees on private debt operations. For the Access tier, entry fees are up to 2%. For Black and Platinum members, entry fees are 0%. Fees vary by opportunity and are detailed in each investment information document.
- Annual management fees on private debt: Annual management fees are charged on private debt operations. Black members receive a 15% reduction on annual management fees; Platinum members receive 25% reduction. For equity operations, no management fees are charged. All fees are detailed per opportunity.
- Distribution commissions for IFAs and partners: Caption calculates and remits distribution commissions to IFA and partner distribution networks via its integrated billing module. Partners freely define their distribution commission structure within the regulatory framework.
- Fund structuring and management fees (via Clint Capital): Clint Capital, the AMF-licensed AMC subsidiary, charges structuring fees (one-off for legal and regulatory documentation, AMF approval) and degressive annual management fees based on assets under management for dedicated fund vehicles (FCPR, FPCI, SLP, ELTIF 2.0).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Caption Access — entry-level private market access from €20,000 |
| Subscription | Annual | Caption Black — priority access tier from €250,000 invested |
| Subscription | Annual | Caption Platinum — most exclusive tier from €1,000,000 invested |
| Transaction based/ take rate | Pay-as-you-go | Corporate financing — minimum €500,000 per operation |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Caption product offering
Product offeringCore offering
Caption operates a regulated French private market platform that structures, distributes and administers unlisted investment operations. On the B2C side, it offers qualified private investors curated access to private equity, private debt, collectibles and investment funds from €10,000 with dedicated private managers and tiered Access/Black/Platinum membership. On the B2B side, it sells Caption Services, a white-label infrastructure platform providing KYC/KYB, AML/CFT, MiFID compliance, fund administration, digital subscription and REST API integration to IFAs, family offices, asset managers and club deal issuers.
Product overview
Caption is a regulated French financial group (ACPR-licensed ISP + AMF-licensed AMC via subsidiary Clint Capital) operating a dual-architecture platform: a B2C private market investment platform for qualified investors (Caption Access/Black/Platinum tiers) offering curated non-listed assets across private equity, private debt, collectibles, and funds with minimum tickets from €20,000; and a B2B infrastructure-as-a-service platform (Caption Services) providing modular white-label building blocks including a proprietary technology platform, regulatory compliance (KYC/KYB, AML-CFT, MiFID), and outsourced fund administration for asset managers, IFAs, family offices, and club deal issuers. The company also structures and distributes dedicated fund vehicles (FCPR, FPCI, SLP, ELTIF 2.0) through its Clint Capital subsidiary. Financing solutions cover franchise growth, SME expansion, company buyouts (MBO/MBI/OBO), and collectible asset acquisition, all structured as bond or equity club deals from €500,000 without personal guarantee.
Differentiator
Problem solved
Functional benefit
Brands
- Clint Capital: AMF-licensed Asset Management Company subsidiary that designs and manages investment funds (FPCI, FCPR, SLP) in unlisted assets. Manages Blueberry (early stage fund) and Cassidy (AI-focused fund of funds).
Products and services
- Caption Private Market (Marché Privé) The core regulated B2C investment platform enabling private and professional investors to access non-listed assets including private equity, private debt, collectibles and investment funds. Features a selective admission process, dedicated private manager and online subscription with minimum tickets from €10,000. Investors can be admitted to one of three membership tiers (Access, Black, Platinum) based on invested capital, with corresponding fee reductions, reporting and exclusive events.
- Caption Services B2B infrastructure-as-a-service platform providing technology, regulatory compliance (KYC/KYB, AML/CFT, MiFID) and fund administration (unitholder register, RTO, NAV validation, capital calls, automated billing) for asset managers, IFAs, family offices and club deal issuers. Built on a proprietary modular white-label stack deployable under partner branding in under 24 hours, with a REST API for integration.
- Dedicated Funds (Fonds Dédiés) via Clint Capital Creation and ongoing management of bespoke investment fund vehicles (FPCI, FCPR, SLP, ELTIF 2.0, AIF, SCI) through Clint Capital, Caption's AMF-licensed asset management subsidiary, for professional and retail investors. Clint Capital also manages proprietary vehicles including FPCI Blueberry (early stage) and FPCI Cassidy (AI-focused fund of funds).
- Franchise Financing Bond club deal financing structured for franchise and multi-franchise entrepreneurs to fund new outlet openings, secured by the operating assets of the franchise entity, without personal guarantee, from €500,000. Used by operators including On Air, Gruppomimo and Lacoste multi-franchisees.
- SME Growth Financing (Croissance PME) Flexible financing solution for SMEs to fund working capital, equipment purchases or expansion via bond club deals, without personal guarantee, from €500,000. Capital is mobilised from Caption's 4,000+ private investor base with an average time to fund disbursement of around three months.
- Business Acquisition Financing (Rachat d'entreprise) MBO, MBI and OBO financing structured via equity/debt club deals for company buyouts, with a dedicated holding vehicle and complete legal documentation, from €500,000. Includes dual capital-and-debt operations such as the strategic buyout and development of Golf du Clou near Lyon.
- Collectible Asset Financing (Biens de collection) Financing for dealers and specialists to acquire watches, wines, art and other exceptional tangible assets, structured as co-investment backed by inventory. Used by operators such as Galerie Paradis, ABC Collection and other art, design and collectible businesses.
Quantifiable outcome
- €110M+ facilitated through the platform
- +6 more outcomes
Companies that use Caption
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
Caption technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature6 records
Caption partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- MangopaycoreMangopay serves as Caption's payments infrastructure partner, providing wallet, onboarding, and payment processing capabilities. Mangopay reports over 430 million wallets created and 330 million users onboarded. The partnership supports Caption's scaling of its B2B services for asset managers and wealth advisors, enabling compliant payment flows for investor subscriptions and fund management.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Caption competitors and assessment
Company assessmentDirect peers
- Anaxago: French regulated private-market investment platform offering private equity, private debt, and real-estate opportunities to individual and professional investors. Direct competitor to Caption Private Market with overlapping B2C investor base, club deal structuring, and IFA distribution model.
- Club Funding: French crowdfunding and private debt platform connecting investors with SME financing via bond club deals. Highly comparable to Caption's bond club deal offering and Marie Bagnérès's prior employer — directly competes for the same SME origination and private investor pool.
- October (formerly Lendopolis): Pan-European SME lending platform offering private debt investments to individual and institutional investors. Direct peer in private debt intermediation with comparable regulatory positioning (ECSP/CIPT) and broader geographic footprint that Caption aspires to.
- Bold (formerly PrêtUp): French private debt club deal platform for HNW investors, offering curated bond deals in SMEs and franchises. Closely mirrors Caption's selective admission process, club deal structuring, and French HNW investor targeting.
- Raizers: French private-market investment platform focused on real estate and SME equity/debt club deals for individual investors. Comparable in regulatory positioning (registered ISP), selective onboarding, and B2C HNW distribution model.
Broad incumbents
- Tikehau Capital: Listed European asset manager with significant private debt, private equity, and real estate strategies and an established digital retailisation platform. Represents the scaled incumbent against which Caption competes for AMC partnerships and HNW capital allocation.
- Eurazeo: Major French private equity and private debt investment firm with institutional and individual investor offerings. Indirectly comparable as a potential AMC partner using Caption Services and as a competitor for high-quality French deal flow.
- iCapital: US-headquartered but globally scaled private markets platform providing technology, fund administration, and distribution infrastructure for AMCs and wealth advisors. Directly comparable to Caption Services at a much larger scale, illustrating both the addressable opportunity and the competitive ceiling.
Emerging players
- Moonfare: Digital private equity platform offering curated PE fund access to individual investors across Europe. Comparable technology-led distribution of private markets to mass-affluent and HNW clients — represents the international template Caption aims to replicate in the UK/Germany.
Regional players
- Wesharebonds: Belgian/French bond-focused crowdfunding platform for SME financing, offering private debt deals to retail investors. Comparable regulated ISP positioning and bond club deal mechanics; primarily regional peer with adjacent geographic footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Caption social profiles
Digital presenceCaption compliance and trust
Trust signalCompliance6 records
Caption financial estimates
Financial estimateRevenue estimate
Valuation estimate
Caption leadership team
Management profileNumber of profiles
Profiles13 records
Caption subsidiaries and ownership
Company hierarchySubsidiaries1 record
Caption funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Caption M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Caption
What does Caption do?
Caption operates a regulated French private market platform that structures, distributes and administers unlisted investment operations. On the B2C side, it offers qualified private investors curated access to private equity, private debt, collectibles and investment funds from €10,000 with dedicated private managers and tiered Access/Black/Platinum membership. On the B2B side, it sells Caption Services, a white-label infrastructure platform providing KYC/KYB, AML/CFT, MiFID compliance, fund administration, digital subscription and REST API integration to IFAs, family offices, asset managers and club deal issuers.
Is Caption a public or private company?
Caption is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Caption founded?
Caption was founded in 2020. It employs 51 to 100 people.
Where is Caption based?
Caption is headquartered in Paris, France, in the Europe region.
How does Caption make money?
Four revenue lines are on record. Entry fees on private debt operations are the primary driver. The others are annual management fees on private debt, distribution commissions for IFAs and partners and fund structuring and management fees (via Clint Capital).
Who are Caption's main competitors?
Direct peers on record are Anaxago, Club Funding, October (formerly Lendopolis), Bold (formerly PrêtUp) and Raizers. Broad incumbents are Tikehau Capital, Eurazeo and iCapital. Moonfare is listed as an emerging player. Wesharebonds is listed as a regional player.
Does Caption have an API?
Yes. Caption provides a documented REST API enabling partners and third-party tools to integrate its technology building blocks: investor creation, subscription management, KYC workflows, billing and reporting. The API supports webhooks to synchronize systems in real time. Platform deployment can be completed in under 24 hours with a custom domain. The platform is described as 100% proprietary. Developer documentation is at caption.market/en/professionals/technology.
What industry is Caption in?
Caption's product category is Private Market Investment Platform. Its primary akta.pro industry code is FSAAAMAE, AML/KYC, Investor Onboarding & Compliance Services, with a secondary code of FSAKAHAL, P2P Loan Syndication & Participation Platforms. Its NAICS code is 523150 and its SIC code is 6211.