Memo Bank adds €13 million to its previous fundraising
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PRESS RELEASE —PARIS, JUNE 15, 2021
Memo Bank, the first independent bank to be created in France in the last fifty years, has completed a new fundraising of €13 million with Serena Capital. This new fundraising complements the €20 million raised last June. Memo Bank confirms its dynamism and its ambitions: to accelerate the development of its innovative banking products in order to become the main financial partner for growing SMEs. The credo remains unchanged: the future of banking lies at the intersection of human relationships and technology.
Barely a year after its official launch and the granting of its banking license, a first in France in the last 50 years, Memo Bank has completed the fundraising carried out last year. This new capital increase brings the total amount of funds raised by Memo Bank to almost €40 million. The confidence of the investors reflects the excellent start of the new banking institution, which aims to become the leading European bank for SMEs.
To achieve this, Memo Bank has strong and convincing arguments: its desire to be close to its customers thanks to a network of offices, its bankers on the ground, and its modern digital tools designed for speed.
“We were among the first users of Memo Bank and we were convinced by the quality of the banking interfaces, which offer more autonomy to the teams and save precious time for the business owners. The execution of this ambitious project is a success. For all these reasons, we wanted to support Memo Bank in accelerating its development." says Xavier Lorphelin, co-founder of Serena Capital.
An innovative bank to support growing SMEs
Created from scratch, Memo Bank has designed its tools and processes from scratch to adapt to the challenges of SMEs in order to become their main financial partner. The new banking institution finances tangible and intangible assets, as well as acquisition projects.
Jean-Daniel Guyot, co-founder and chairman of the board of Memo Bank, discusses the objectives of this new round of financing: "This additional round of financing will enable us to strengthen our equity capital and consolidate our sales development. Both our products and our experienced bankers received a warm welcome from our customers. This shows that there’s room for a fast, modern, and efficient bank for European SMEs. Serena Capital's trust will allow us to strengthen our position."