European fintech Lemonway doubles its revenues in 2023  and confirms its profitability 

The pan-European payment institution Lemonway has strengthened its leadership in the marketplace sector.   

In 2023, the company processed a business volume of 9.6 billion euros, representing a growth of 24% compared to 2022. This performance was driven by the excellent momentum of its clients such as SNCF Connect & Tech, Billetweb, Decathlon, or Ecole de Ski Français, who continued their expansion. The fintech company aims to reach a transaction volume of 12 billion euros in 2024 (+25%). 

The year 2023 was also marked by strategic and technological agreements with partners such as Société Générale, Payplug, PayPal, and Magento (Adobe Commerce), all of which are leaders in their respective markets. 

A strong growth, now profitable

Lemonway has successfully capitalised on its growth momentum, with revenues doubling from €16m to €32m in just one year, with a net income rising to €5m. This upward trajectory has enabled the company to break even and to self-finance its regulatory capital requirements. 

Antoine Orsini, Lemonway CEO, is convinced of the company’s positioning: “Today, we are entering 2024 with greater strength and maturity to serve the booming marketplace sector. Our teams have been further strengthened in 2023 to provide a higher level of expertise in 2024 and continue our expansion in Europe. The signing of partnerships such as the one with Société Générale will support our ambition to grow and capture market share in the coming years. The opening of an office in Hamburg in the first quarter will also enable us to strengthen our still modest presence in Germany and will reinforce our position as a key player in payments for marketplaces.“ 

To maintain its leadership, in the first quarter of 2024 the fintech will launch new services such as “Buy Now Pay Later” in partnership with Oney and a new, more integrated and painless KYC process for B2B and B2C marketplaces. 

Ambitions for 2024: Becoming a key player with major B2B accounts and strengthening its presence in the German market

In 2024, Lemonway aims to strengthen its presence with large B2B accounts and consolidate its position as a pan-European leader in serving marketplaces, particularly in the German market. The company already boasts emblematic B2B platforms among its clients, such as Eiffage, TourFinance, Arcelor Mittal or C10. 

“Our payment platform, our tools adapted to the complexity of our clients’ payment flows, and our ability to comply with European regulatory requirements mean that we can quickly envisage becoming the payment reference for major European players” says Damien Guermonprez, Executive Chairman of Lemonway. 

About Lemonway: 

Lemonway is a pan-European payment institution dedicated to marketplaces B2B, B2C, C2C and alternative finance platforms looking for payment processing, wallet management and third-party payments with adequate anti-money laundering (AML) and customer verification (KYC). Lemonway is authorized and regulated by the ACPR (Autorité de Contrôle Prudentiel et de Résolution) and benefits from the “EU financial passport” in 28 countries. The company is based in Paris (HQ) and Hamburg.  

400 platforms trust Lemonway of which 200 alternative finance platforms. To date, Lemonway has opened 12 million e-wallets for platform operators and raised €50 million from three investment funds, Breega, Speedinvest and Toscafund. 

Press contact 

Anaïs Mathieu
Marketing Manager
[email protected]
+33 6 78 43 07 55