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Lemonway exceeds €900M in cash flows processed in 2016 and is valued at €65M by its historic shareholders

20 December 2016

Press Release

Lemonway exceeds €900 m. in cash flows processed in 2016 and is valued at €65 m. by its historic shareholders

Lemonway, # 1 French FinTech, continues to experience spectacular growth

Lemonway today announced that it will exceed €900 million of flows processed (inbound and outbound) in 2016, compared with €344 million in 2015 and €113 million in 2014.

639 new partnerships were signed in 2016, bringing the total number of partnerships to 838 platforms. In addition, 11,060 small e-commerce sites bring their payment transactions to Lemonway.

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Every month is a new record compared to the previous one. Our cruising speed is to triple our business every year and to improve our profitability even more

Sébastien Burlet - www.lemonway.com
Président

At the end-user level, Lemonway surpassed the 2,400,000 payment accounts opened in Europe, against 1,300,000 at the end of 2015, making the payment institution the first French FinTech in number of individual accounts recruited.

Due to European regulation, crowdfunding platforms, e-commerce marketplaces, wedding list sites, common gifts, carpooling, rental between individuals, etc. must use a payment institution to collect funds from their end customers. Lemonway, licensed in 30 European countries, has quickly become one of the leading FinTech leaders and has achieved a spectacular growth.

Lemonway won the Deloitte In Extenso Technology Fast 50 award at the end of November, in the category “coup de Coeur”, with a 16th ranking at the French level. At the European level, Lemonway ranks 70th in the EMEA rankings of the Deloitte Fast 500. In 2016, Lemonway obtained the FrenchTech pass through the Systématic competitiveness Parisian cluster.

Lemonway aims to quadruple its valuation two years in a row to reach the billion euro valuation at the end of 2018

With 7.5 million euros in revenues in 2016 in the FinTech sector, which evaluates companies 9 times the enterprise turnover, Lemonway was valued at 65 million euros during its last capital increase carried out on 16th of December 2016 with its historical shareholders, including founder and executive chairman Sébastien Burlet and CEO Damien Guermonprez. The two officers respectively hold 51% and 23% of the shares. The objective of this capital raising is to cope with the constraint of the ACPR French regulator prudential ratio which is calculated according to the incoming and outgoing treated flows.

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We are driven by the growing wave of FinTech, which must catch up in Europe compared to the Asian and North American continents

Damien Guermonprez - www.lemonway.com
CEO

About Lemonway

As an independent, regulated Payment Institution working for the new economy, Lemonway is dedicated to Crowdfunding platforms, e-commerce websites, Marketplaces and FinTech companies looking for payment processing, wallet management and third-party payment in a KYC/AML-regulated framework. More than 840 European companies use its service in addition to 11,000 e-commerce websites. Lemonway ensures the fight against fraud and secures customer payment operations. Lemonway is approved by the French regulator and is licensed to operate in 30 European countries. The company employs 80 people of 25 different nationalities. Lemonway opened 3 European offices (Turin, Barcelona, Munich) and two subsidiaries (Lemonway UK in London, Lemonway Africa in Dakar) over the year 2016.

More information on our press page.

Lemonway bank code (BIC): 16 568.
Lemonway sur internet :

 

CONTACT

Damien Guermonprez
CEO Lemonway

[email protected]
+33 (0) 1 48 18 19 38