Lemonway, the #1 FinTech in France with over 5.7 million payment accounts opened since 2012, maintained its strong growth in 2018 and strengthened its leadership among marketplaces and crowdfunding companies.
Lemonway opened 1.7 million user accounts in 2018, a +49% increase over 2017. The company aims to open two million in 2019.
The company handled total business volume of 1.9 billion euros in flows compared to €1.4 billion in the prior year (+37%), thanks to the natural growth of its partner platforms that continue to expand. The FinTech aims to further accelerate and targets €3.2 billion in transactions for 2019.
Lemonway serves over 1,400 websites throughout Europe, including 200 crowdfunding platforms. A pioneer on this segment, where it holds a #1 position not only in France but in Spain and Italy, the company plans to leverage this position in 2019 to continue expansion on this promising market.
Additional highlights from the year include a 10 million-euro fundraising round in July, and contracts with several stellar marketplaces, including the Fédération Française de Football, France’s official football organisation.
2019 objective: to become one of Europe’s three leaders and develop its key accounts business
For 2019, Lemonway aims to strengthen its portfolio of ‘key account’ clients and become one of Europe’s three leaders in payment solutions for marketplaces via business development in the United Kingdom and Germany.
"Our payment platform makes it possible for us to assist all types of web companies, and particularly the major marketplaces and operators of crowdfunding sites, which need a tool capable of handling the complexity of their payment flows that complies with the regulatory requirements in Europe and in the UK."
explains Damien Guermonprez, Chairman of Lemonway.
Projects and teams as ambitious as our goals
To uphold its leadership position, the FinTech will be launching innovative products and services with a particular focus on Artifial Intelligence and fraud control.
Antoine Orsini, the company’s CEO, strengthened his steering committee in 2018 with several new arrivals, including heads of communications & marketing and sales, adding a head of Innovation at the beginning of 2019. Several dozen positions are currently open within the sales, marketing and IT teams.
About Lemonway
Lemonway is a pan-European Payment Institution offering a solution dedicated to marketplaces, and alternative finance platforms looking for a payment processing and collection system on behalf of third parties in a secure and regulated framework. Regulated by the ACPR and benefiting from the European passport in 29 countries, Lemonway is based in Paris and Hamburg.
400 marketplaces already trust Lemonway. The FinTech manages 1.3 million wallets for users of its partner platforms and has raised €50m from Breega, SpeedInvest, and Toscafund.
Press contact
Ambre SONOR
Head of Marketing
[email protected]
+33 6.41.13.40.66