Eduardo Ronzano uses all investment solutions offered by Memo Bank to enhance and secure Kolet’s short and long-term treasury.
Opening of term deposit accounts to secure returns in the long term
“When the capital increase funds were unlocked, I opened a term deposit account in less than an hour because the rates were very high”. Eduardo Ronzano initially locked €3.6 million from the fundraising. The Memo Bank term deposit account allowed him to secure €135,000 in interests. “Securing such an additional amount during our launch is crucial for Kolet” he emphasizes.
Eduardo Ronzano deposited part of the funds raised into a second fixed-term account, he can use with more flexibly, thanks to the possibility of making early partial withdrawals without penalty. “Memo Bank’s term deposit accounts provide remunerated funds available within 32 days, securing interest rates in advance for visibility on cash flows.”
Opening a Booster account to capitalize on operational cash surpluses.
“The Booster account is highly remunerated and 100% liquid, these are its main advantages” adds Eduardo, who can access his funds at any time. Through a cash sweeping mechanism, he can also maintain a target balance in his current account and automatically and regularly transfer surplus treasury to his Booster account.
Access to an interest-bearing current account from the first euro.
For all day-to-day operations (card expenses, SEPA transfers…), Eduardo Ronzano and his team benefit from a current account that is also remunerated.
“The most interesting aspect of Memo Bank compared to traditional banks is the immediacy, the ability to act fast and be free from the banker’s influence, having the flexibility to manage transactions such as transfers or payments independently,” Eduardo Ronzano evaluates, emphasizing the importance of speed in the current macroeconomic context “When coupled with impeccable human support, simple account opening, and deposit remuneration, it’s a real game-changer for managing a company’s finances” he concludes.
