Memo Bank, formerly named Margo Bank, is an independent French bank launched in October 2020 by Jean-Daniel Guyot (former co-founder of Capitaine Train) and Michel Galibert. The startup aims to be the bank for SMEs by supporting growing businesses in financing tangible and intangible assets, as well as their acquisition projects. It provides them with all the tools they need to manage their treasury, such as current accounts, loans, and means of payment.
In June 2021, Memo Bank raised €13 million from Serena Capital. This funding will allow Memo Bank to consolidate its commercial launch and develop its range of services.
Serena Capital is a venture capital firm that invests in companies with high growth potential. The firm has a particular focus on companies in the digital technology sector and has invested in more than 70 companies, including Algolia, Lydia, and Side.
2CFinance, the financial advisory firm, performed the financial due diligence for Memo Bank's fundraising. The firm specializes in financial transactions and provides services such as private equity, mergers and acquisitions, and financial restructuring.
Overall, Memo Bank's recent funding round is a significant milestone for the startup, allowing it to expand its services for SMEs and compete with traditional banks. Serena Capital's investment shows the firm's confidence in Memo Bank's growth potential and its commitment to supporting innovative companies in the digital technology sector.
