Memo Bank
Latest round
- Series A
Last raised
- Jun 2021
Total raised
- $24M
Investors
- 4
About Memo Bank
Memo Bank SA, founded in 2017, operates out of Paris, France, offering tailored banking services to businesses.475 mn. The founders include Azar Mammadov, Emily Marchese, Jean-Daniel Guyot, Laure LAMBERT, Matthieu Barral, Tristan Pontet, and Xavier Lagarrigue, with Emily Marchese and Jean-Daniel Guyot serving as co-CEOs.Memo Bank offers a suite of specialized banking services designed specifically for businesses, focusing on optimizing cash flow, automating financial transactions, and enhancing overall operational efficiency. The company's core products include business accounts, a liquidity account offering competitive interest rates, and tailored financial solutions such as credit facilities and API integrations for real-time payment processing. These services cater primarily to financial intermediaries and corporate clients, enabling them to manage their banking operations autonomously while ensuring compliance with safety regulations. Memo Bank's products are available across various European markets, targeting businesses of varying sizes that require modern banking solutions to streamline their financial operations and mitigate risks associated with transactions.70. The revenue model is built around offering comprehensive banking solutions to its business clientele, generating income through account management fees, transaction fees, and interest from credit facilities. Additionally, Memo Bank aims to expand its market presence into new European regions, focusing on increasing its client base within the next 18 months. This strategic growth will include the launch of new products designed to improve cash management and financial automation for businesses.
Who invested in Memo Bank
4 investors across 2 rounds
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Questions about Memo Bank
Who invested in Memo Bank?
Memo Bank has 4 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Memo Bank raised?
Memo Bank has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Memo Bank last raise money?
Memo Bank's most recent round on record is a Series A, in Jun 2021.
What does Memo Bank do?
Memo Bank SA, founded in 2017, operates out of Paris, France, offering tailored banking services to businesses.
Where is Memo Bank headquartered?
Memo Bank is headquartered in Paris, France.
Which VCs invest in companies like Memo Bank?
Among active investors with capital left to deploy, Mundi Ventures, Apis Partners, 7RIDGE and Mouro Capital back financial services companies at Memo Bank's stage. Their profiles are linked below.
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