Memo Bank
The real-time API-first bank built for business automation
Paris, France · Founded 2020 · $57.3M raised
- Headquarters
- Paris
- Employees
- 51–200
- Founded
- 2020
- Business Model
- B2B
- Website
- memo.bank
- Total Funding
- $57.3M
- Last Round
- $17.8M Venture RoundJul 2023
- Rounds
- 4
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 4 funding rounds and 2 investors for this company. The full record is or through the API.
About
Memo Bank is an independent French commercial bank founded in 2020, licensed as a credit institution by the European Central Bank and regulated by the Banque de France — the first independent bank created in France in 50 years. Formerly known as Margo Bank, Memo Bank is purpose-built for SMEs and high-transaction-volume businesses, offering automated SEPA and SWIFT payment flows, virtual IBANs for precise reconciliation, corporate cards, treasury investment funds, and regulated client accounts. The bank's API-first platform enables businesses to automate their entire incoming and outgoing payment flow, with real-time webhook notifications and seamless integration with tools such as Pennylane, Payfit, and Sage.
Summary
Memo Bank is a Fintech company based in Paris, France, founded in 2020. It has raised $57.3M in total across 4 rounds, most recently a $17.8M Venture Round in Jul 2023. Investors include Serena and BlackFin Capital Partners.
Tech & App Stack
11 technologies & apps tracked
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Funding History
Jul 2023
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Funding: Seed through Venture Round. Amounts, valuations, and investors where available.
Investors
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