What Memo Bank does

Memo Bank is an API-first, ECB-licensed French commercial bank founded in 2017 by Michel Galibert and Jean-Daniel Guyot, commercially launched in September 2020 after receiving its ACPR banking license in June 2020 — the first independent bank created from scratch in France in 50 years. The bank serves transaction-intensive SMEs, fintechs and embedded-finance players, asset managers, insurers/MGAs, and real estate companies with automated payment processing, segregated fund accounts (cantonnement), and treasury operations. Its core banking system was built in-house on AWS infrastructure (with Azure redundancy and a 2026 Google Cloud partnership) and exposes a REST API supporting SEPA and SWIFT payments, virtual IBANs for automated reconciliation, corporate cards, money-market fund sweeps, and short- and medium-term lending.

The platform differentiates through 40ms API response times, 10-second SEPA instant transfers, 100+ currency support, 500ms IBAN verification, and 99.99% service availability since 2021, with 64% of flows transiting via API. Revenue is generated across four streams: transaction and payment fees (SEPA, direct debits, international wires, FX), subscription/account fees, treasury yield products (Compte Booster, money market funds, Amundi STAR), and lending/credit facilities. Distribution combines self-service API onboarding with enterprise field sales supported by dedicated account managers. With €9.2M PNB in 2025 (+70% YoY), a €407M balance sheet, 800+ clients, €4B+ in monthly flows, and net income positive in Q1 2026, Memo Bank has crossed operational profitability while continuing to expand via partnerships (Lise, Vasco, Google Cloud) and category expansion into adjacent regulated verticals.

Name

Memo Bank

Legal name

Memo Bank SAS

Website

https://memo.bank

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Memo Bank is an ECB-licensed, API-first French commercial bank serving transaction-intensive SMEs, fintechs, asset managers, insurers, and real estate companies with automated payment processing, virtual IBANs, segregated fund accounts, and treasury management.

Ownership category

akta.pro rank

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Transaction and Payment Fees: Revenue generated from payment processing including SEPA transfers, direct debits, international wire transfers, and currency exchange. Volume-based fees tied to transaction values and currencies processed.
2. Account and Subscription Fees: Monthly or annual fees for business current accounts, regulatory escrow accounts, and multi-currency accounts. Fees vary by account type and features required.
3. Lending and Credit Facilities: Revenue from short and medium-term financing, overdraft facilities, and credit arrangements provided to business clients.
4. Cash Management and Treasury Products: Revenue from money market funds, term deposits, and return-boosting accounts (Compte Booster) that help clients optimize idle cash.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Memo Bank is a French independent bank licensed by the European Central Bank that provides API-first business banking and payment automation services to transaction-intensive companies. Its core offering combines a full ECB banking license with a proprietary core banking system exposing payment APIs (SEPA transfers, direct debits, international SWIFT wires), business current accounts with multi-subsidiary management, virtual IBANs for reconciliation, and integrated corporate cards. Customers integrate via REST API, EBICS, or file-based connections to automate high-volume payment flows and cash management.

Product overview

Memo Bank is an API-first French bank licensed by the ECB offering a unified platform for business banking and payment automation. The core offering consists of payment APIs (SEPA transfers, direct debits, international wires), business accounts with multi-subsidiary management, and corporate card services. These are augmented by specialized modules including segregated accounts for fund cantonnement, treasury accounts (Compte Booster, money market funds), financing solutions, and integrated expense management. The platform differentiates through its developer-friendly API, 40ms response times, virtual IBAN capabilities for reconciliation, and real-time transaction monitoring. The product architecture combines a complete banking license with modern API infrastructure, enabling both direct banking services and embedded finance integrations for B2B customers.

Differentiator

Problem solved

Functional benefit

Products and services

• API Paiement (REST Payment API) REST API enabling businesses to automate payment operations including SEPA transfers, direct debits, international wire transfers, and virtual IBAN management, with 40ms response time. Recognized by The Digital Banker (API Payment Award 2024) and Trophées DAF.
• Virements SEPA (SEPA Credit Transfers) SEPA payment execution service allowing businesses to send domestic and European transfers in under 10 seconds with support for 100+ currencies.
• Prélèvements SEPA (SEPA Direct Debits) SEPA direct debit service enabling automated collection of recurring payments from customers across Europe.
• Virements internationaux (SWIFT) International wire transfer service supporting cross-border payments in multiple currencies via the SWIFT network.
• Compte entreprise (Business Current Account) Business current account with full banking license, multi-subsidiary management, and real-time transaction monitoring. Supports accounts for all subsidiaries in France and Europe.
• Comptes réglementés (Regulatory Segregated Accounts) Segregated accounts for cantonnement (segregation) of client funds and regulatory compliance for financial intermediaries, payment institutions, e-money institutions, and asset managers.
• Compte en dollar (USD Business Account) USD-denominated business account for companies with US dollar transactions and cross-border commerce.
• Cartes entreprise (Corporate Cards)

Quantifiable outcome

• 4+ billion euros of payment flows processed monthly
• +6 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Google CloudcoreTechnology or Integration · 19 May 2026Memo Bank selected Google Cloud technologies for cloud infrastructure and AI capabilities. Partnership supports the bank's technology modernization and AI initiatives.
• VascocoreStrategic or Co-development Partner · 8 April 2026Strategic partnership to automate financial flows for investment funds. Vasco provides fund administration services while Memo Bank provides banking infrastructure for automated payment processing.
• Lise (Lightning Stock Exchange)coreStrategic or Co-development Partner · 3 November 2025First European DLT-powered stock exchange for SMEs and ETIs chose Memo Bank for payment and settlement infrastructure. Partnership supports digitalized financial infrastructure for public market listings.
• AWS (Amazon Web Services)coreTechnology or IntegrationPrimary cloud infrastructure provider hosting banking applications in Paris and Frankfurt data centers. Provides compute capacity and infrastructure services for core banking system.
• Ada Tech SchoolminorStrategic or Co-development PartnerPartnership supporting gender balance in technology. Ada Tech School works to promote women in tech careers, aligned with Memo Bank's diversity and inclusion commitments.
• FiresideminorStrategic or Co-development PartnerDiversity consultancy partner working on gender balance initiatives in technology sector. Supports Memo Bank's commitment to workforce diversity.
• Twenty First CapitalminorStrategic or Co-development PartnerAsset management company for which Memo Bank acts as tied agent for investment services, regulated by AMF. Extends available services to Memo Bank clients.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Qonto: Paris-based neobank targeting SMEs and freelancers with business accounts, payment automation, and integrated expense management. Closest direct competitor to Memo Bank in the French SME banking segment, differentiated by larger scale and broader freelancer focus versus Memo Bank's transaction-intensive enterprise tilt.
• Shine (Société Générale): French neobank for entrepreneurs and small businesses acquired by Société Générale. Offers business accounts, payment cards, and integrated invoicing/accounting; overlaps with Memo Bank on SME banking but with a consumer/professional customer profile rather than transaction-intensive enterprise.
• Stancer (Casino Group): French payment-acquiring and account provider launched by Casino Group. Comparable on the French SME payments and account proposition; competes in overlapping merchant and SMB segments though with a different go-to-market emphasis.
• Algobank: French online bank for businesses offering current accounts, cards, and cash management. Comparable as another digitally-native French business bank competing in the SME segment, though without the API-first architecture that differentiates Memo Bank.

Emerging players

• Pennylane: French financial management platform for SMEs that bundles accounting, treasury, and payments. Comparable to Memo Bank on the SME financial-operations layer; overlaps on cash management and expense workflows, but lacks a banking license and partners with traditional banks for account infrastructure.
• Treezor: French Banking-as-a-Service provider (subsidiary of Société Générale) offering regulated payment accounts and card issuance via API. Comparable to Memo Bank on fintech-as-client use cases and API-first architecture; competes in the same embedded-finance value chain.

Broad incumbents

• Revolut Business: Global neobank with a multi-currency business account product and API-based payments. Comparable on API-first cross-border payments and multi-currency support for SMEs, though at much larger scale and broader consumer/business mix than Memo Bank.
• Wise Business: Specialist cross-border payments provider with multi-currency accounts and an API for businesses. Comparable on the international wire and FX capabilities Memo Bank offers, but focused primarily on cross-border rather than full-spectrum domestic banking.

Regional players

• bunq: Dutch-licensed European neobank offering multi-country business accounts with API access. Comparable on the ECB-licensed API-first business banking model; operates across multiple European markets where Memo Bank currently has limited direct presence.
• Holvi: Finland-based digital business banking provider serving freelancers and SMEs across Europe. Comparable on the European-focused API-enabled business banking proposition; serves smaller entities than Memo Bank's transaction-intensive core.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

• Xx.com/bankmemo
• LinkedInlinkedin.com/company/memobank

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds3 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Memo Bank