MemoBank to raise €13 million from Serena Capital

MemoBank, a Paris, France-based bank for small & medium-sized businesses, completed a €13 million ($15.8M) capital funding raise.

The money was raised from the French investment company Serena Capital.

MemoBank, founded in 2017 by Jean-Daniel Guyot (CEO) and Michel Galibert, is a new independent bank for small and medium enterprises (SMEs) aiming to help executives grow their business by offering them loans and tools to manage their cash flow. The company operates as a bank under a banking license issued by the Prudential Control and Resolution Authority (ACPR) and the European Central Bank (ECB). 

MemoBank previously raised €20 million in 2020 out of a total of almsot 30 million. Other investors include BPI Investissement, BlackFin Capital Partners and Daphni, as well as angel investors from France Xavier Niel (Iliad), Thibaud Elzière (eFounders), Oleg Tscheltzoff (Fotolia), Marc Menasé (Founders Future), Pierre Valade (Sunrise) or Didier Le Menestrel (La Financière de l'Échiquier).