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Memo Bank

ID: 5582354

The digital account and lending focused business bank running on its own core banking infra Memo bank is designed for growing micro and small SMEs that seek fast onboarding, fully digital banking and quick access to financing Targets SMEs between €2M-€50M revenue p.a. Developed its own core banking infrastructure

3

Funding Rounds

$44.9m

Money raised

Overview

The digital account and lending focused business bank running on its own core banking infra Memo bank is designed for growing micro and small SMEs that seek fast onboarding, fully digital banking and quick access to financing Targets SMEs between €2M-€50M revenue p.a. Developed its own core banking infrastructure

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Financial Details

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Funding

Funding series

Funding Series Analysis

The company Memo Bank has raised a total of $44.9m in funding over 3 rounds.

Key Insights:

  • Memo Bank June 2021 Series A Funding Round: $16m
  • Memo Bank , June 2020: $22.5m
  • Margo Bank funding round, March 2018: $6.4m

Industries

Memo Bank is active in the following industries: