Memo Bank

The founding team shares a history from their time at Captain Train, an online train ticket platform founded by Jean-Daniel Guyot, where Michel Galibert was the Chief Product Officer and Tristan Pontet served as CFO. Their experience in challenging an established market with a tech-focused, customer-centric approach informs Memo Bank's strategy. Guyot, an engineer by training, and Galibert, a graduate of HEC Paris, identified the shortcomings of traditional banking services for growing businesses, particularly regarding speed and user experience. This led them to build a new bank from the ground up, developing their own proprietary core banking system to ensure flexibility and security.

The bank targets SMEs with annual revenues typically between €2 million and €50 million, a segment they believe is underserved by incumbent banks. Memo Bank's business model is centered on a combination of advanced technology and human expertise. It generates revenue through monthly subscription fees based on transaction numbers and selected features, rather than unpredictable volume-based fees. The product portfolio includes interest-bearing current accounts, payment and cash management solutions, and financing options. Their services are designed for collaborative use by finance teams, featuring tools like unlimited transaction history, streamlined batch transfers for payroll, and a fully digital process for creating and managing user permissions. For financing, Memo Bank offers a paperless application process for short-term credits and mid-to-long-term loans for both tangible and intangible assets, aiming to provide swift decisions. A key differentiator is the blend of a modern digital interface with a network of experienced bankers who provide personalized advice, bridging the gap between fintech efficiency and traditional relationship banking.