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Memo Bank chooses Enfuce as its card issuing provider to launch the first expense platform integrated into a bank account

Memo Bank, the first independent bank to emerge in France in the last 50 years, has chosen Enfuce as its card issuing provider. With the partnership, Memo Bank is looking to expand its business banking services for small and medium-sized businesses (SMEs) across Europe.

Memo Bank offers all the tools SMEs need to manage their cash flows, including current accounts, loans, and payment facilities. It is fully licensed by the European (ECB) and French (ACPR) banking authorities. Memo Bank is now launching virtual and physical cards enabling SMEs to follow expenses directly from their bank account in real time.

Collaboration was one of the biggest factors and values why the bank chose Enfuce as its card issuing partner.

“We have established a great relationship with the Enfuce team, and we truly appreciate working together. We are very excited about our journey together. Enfuce has proven its ability to accelerate our growth through its great reference cases in Scandinavia.”

Jean-Daniel Guyot, Co-founder and President of the Management Board at Memo Bank.

Memo Bank has placed technology at the heart of the partnership – not to replace bankers with robots but to give bankers the best tools available for serving their clients. Technology was also one of the biggest factors behind Memo Bank’s decision to work with Enfuce.

“Like Memo Bank, Enfuce has the same DNA in terms of technological architecture, but also has a strong infrastructure and high security standards holding their customer data in Europe”, Jean-Daniel Guyot continues.

 Enfuce also believes in the potential of Memo Bank’s offering for its target segment.

“We are thrilled to serve our first French customer, and even more excited about the fact that they are the first truly independent bank to emerge in France in the last 50 years.”

Denise Johansson, Co-CEO and Co-Founder at Enfuce.

This partnership enables Memo Bank to launch Visa* Corporate deferred debit cards in 2022.

“With the team behind Memo Bank, we have no doubt that their services will reach a highly underserved segment of small and medium-sized businesses across Europe, and we will support them throughout their scaling”, Johansson continues.

*Visa is a registered trademark of Visa International Service Association.

For more information

Denise Johansson
Co-CEO and Co-Founder at Enfuce
+358 40 079 4121

Jean-Daniel Guyot
Co-founder and Chairman of the Executive Board at Memo Bank
+33 6 25 29 62 06

About Memo Bank

Memo Bank, the first independent business bank founded and funded by entrepreneurs, is committed to being a financial partner SMEs can count on to support their growth.

About Enfuce

Enfuce offers payment, open banking and sustainability services to banks, fintechs, financial operators, and merchants. By combining industry expertise, innovative technology and compliance, Enfuce delivers long-term and scalable solutions quickly and securely. Founded in Finland, Enfuce recently expanded its geographic presence in Germany, Latvia, Sweden, and the UK and has over 16 million active card users on their platform from whom Enfuce processes close to €1 billion transactions annually.

Enfuce has raised multiple rounds of venture capital funding and has been recognised by e.g. TheFinTech50, Visa Fintech Fast Track programme, Mastercard Lighthouse Development Programme, Deloitte Technology Fast 50, and as winner of the 2019 PayTech Award for “Best Payments solution for Payment Systems in the Cloud”.


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