Memo Bank, formerly known as Margo Bank, is a new bank for businesses, built by entrepreneurs.
Memo Bank help business leaders to understand where they are to know where they are going.
Memo Bank was founded in 2017 by Jean-Daniel Guyot, Michel Galibert and Tristan Pontet. The company is headquartered in Paris, Paris, France.
Memo Bank is on a mission to provide SMBs with the financial products and services they deserve by building a brand-new bank from the ground up.
Memo Bank has developed its own core banking infrastructure and wants to offer business bank services, including credit lines. At first, Memo Bank is going to accept clients in the Paris area.
Memo Bank is backed by BlackFin Capital Partners, Daphni, Bpifrance, Founders Future, Alexis Bonillo, Antoine Martin, Marc Simoncini and others. The company raised $22.5M (€20M) in Series B round on June 23, 2020. This brings Memo Bank's total funding to €26.7M to date.