The Limited Times

Now you can see non-English news...

Memo Bank wants to accelerate its development


Launched nine months ago, the young bank dedicated to SMEs is raising an additional 13 million euros.

Nine months after its commercial launch, at the heart of the health crisis, Memo Bank wants to accelerate its development.

To achieve this, the independent online bank dedicated to SMEs has just completed a new round of funding of 13 million euros with the French investment company Serena Capital.

Since its creation in 2018, it has raised a total of 40 million euros, including 20 million euros just a year ago, in particular from the Daphni fund and Bpifrance.

Read also:

Orange Bank targets the business market

“This additional capital increase allows us to strengthen our equity and consolidate our commercial start-up,”

explains Jean-Daniel Guyot, Chairman of the Executive Board of Memo Bank.

The bank targets SMEs whose turnover is between 2 and 40 million euros.

"The reception that our customers give to our products and to our bankers in the field is excellent,"

says the manager. At this stage, he does not communicate the number of his customers.

“We are recording good growth, more or less

This article is for subscribers only.

You have 69% left to discover.

To cultivate one's freedom is to cultivate one's curiosity.

Continue reading your article for € 1 the first month


Already subscribed?

Log in

Source: lefigaro

All business articles on 2021-06-17

You may like

Business 2021-06-17T15:47:34.417Z
Business 2021-03-24T09:46:32.514Z

Trends 24h

Business 2021-07-26T09:54:53.452Z


© Communities 2019 - Privacy