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Memo Bank operates as a commercial bank specifically designed for companies, offering a modern banking platform that facilitates transactional banking. Its core product focuses on automating financial flows for businesses, particularly those with high transaction volumes, through API and EBICS integrations. The bank provides services such as real-time transaction tracking, integrated financial analysis, and efficient expense management, all built on a proprietary, secure core banking system developed from the ground up to adapt to evolving customer needs.
The company was co-founded in 2017 by Jean-Daniel Guyot and Michel Galibert. Guyot, who previously founded Capitaine Train, and Galibert, formerly of Google and Capitaine Train, recognized a gap in the market for banking services tailored to the specific demands of small and medium-sized enterprises. Their insight was to create a bank built by entrepreneurs for entrepreneurs, aiming to address the complexities and inefficiencies prevalent in traditional corporate banking.
Memo Bank serves CFOs, accounting teams, and finance departments within these companies, simplifying their operations. The bank’s mission is to empower finance teams by providing autonomous, secure, and real-time cash flow and liquidity management, alongside streamlined access to necessary funding. It aims to replace traditional banking complexity with reliable, transparent solutions, fostering greater control and insight for businesses managing their financial operations.
Memo Bank has raised $47.0M across 3 funding rounds.
Memo Bank has raised $47.0M in total across 3 funding rounds.
Memo Bank is a Paris-based fintech company and corporate bank founded in 2017, specializing in transactional banking and flow automation for small and medium-sized enterprises (SMEs) in France, particularly those with €10-100 million in annual revenue.[1][2][3] It builds an integrated banking platform that centralizes liquidity management, automates financial operations via API or EBICS, enables real-time transaction handling, and provides quick access to lending options like paperless credit lines, solving pain points in cash flow optimization, accounting processes, and working capital reduction (WCR).[1][2][4] With over 200 employees, €46.22M raised (latest €15.77M Series A four years ago), and recognition for its Premium Banking API, Memo Bank demonstrates strong growth momentum as a challenger bank serving high-transaction-volume businesses.[1][2][3]
Memo Bank was founded in 2017 by entrepreneurs Jean-Daniel Guyot, Tristan Pontet, and Michel Galibert (also referred to as Jean-Paul Guyot in some sources), who previously collaborated at CaptainTrain—a startup founded by Guyot and acquired by Trainline.[4] Headquartered in Paris (with addresses listed variably as 121 Avenue des Champs-Elysees, 75 Rue de Turenne, or 8 Rue Du Faubourg Poissonniere), the company emerged from the founders' vision to create a bank "built by entrepreneurs for entrepreneurs," targeting SMEs overlooked by traditional banks.[1][3][4] Formerly known as Margo Bank, it quickly gained traction: obtaining French regulator (ACPR) and ECB licenses, launching business accounts with three plans for €2-50M turnover companies, securing €20M in early funding, and expanding operations including a Lyon office, reaching €5.4M PNB within four years.[1][4][5]
Memo Bank rides the SMB Fintech and Digital Banking waves, part of 1,112 challenger banks offering digitally native products like checking/savings via partner banks or full licenses, amid Europe's push for open banking and API-driven innovation.[1][2] Timing aligns with post-2017 regulatory shifts enabling fintech banks (e.g., ACPR/ECB approvals), rising SME demand for real-time tools amid economic pressures on cash flow, and France's thriving ecosystem with top talent in Paris.[3][4][5] It influences the ecosystem by accelerating growth for hundreds of French companies (e.g., Wandercraft), setting API benchmarks that pressure incumbents, and expanding to high-volume sectors, contributing to Auvergne-Rhône-Alpes' entrepreneurial media spotlight.[1][2]
Memo Bank is poised to deepen SME market penetration in France and potentially Europe, leveraging its API leadership and lending speed to capture more €10-100M revenue firms amid digitization trends.[2] Rising AI integration in payments, Basel III+ regulations favoring secure innovators, and economic recovery favoring efficient cash tools will shape its path, with influence evolving toward pan-European expansion or acquisitions as a full-licensed player.[1][2] This positions it as a key enabler in the fintech-bank hybrid model Memo Bank's founders pioneered from their CaptainTrain roots.
Memo Bank has raised $47.0M across 3 funding rounds. Most recently, it raised $16.0M Series A in June 2021.
Memo Bank has raised $47.0M in total across 3 funding rounds.
Memo Bank's investors include C4 Ventures, Daphni, Index Ventures, Partech Ventures, Serena Capital, Bruno Maisonnier, Steve Anavi, 11, 50 Partners Impact, AAF Management Ltd., Accel, Addition.
