What is Memo Bank?
Memo Bank develops banking services for SMBs with an offer built around data and management of financial flows.
Business and value proposition
Memo Bank's ambition is to launch a new financial institution in Europe for SMEs.
The objective is to improve the customer experience and the value proposition by fully leveraging their access to data and offering services and products perfectly designed for their clients' needs.
Why we invested?
Banks should be entrepreneurs and business owners’ best friends. However, due to their IT legacy, banks are prevented from offering the best possible client experience and are unable to accurately leverage clients data. This corners SMEs, being dependent on banking services simultaneously as they cannot afford to have their workforce spending countless hours building custom credit models or product offerings. Memo Bank brings a culture of product excellence, data mastery and customer centricity to the enormous banking market, where current clients are plagued by frustration.
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