24 November 2016
After winning the « FinTech 50 » award in 2014 in London, and the « Top 100 Europe de Red Herring » award in April 2016, Lemonway, the #1 French FinTech is now rewarded at the 16th issue of the « Technology Fast 50 ».
Today Lemon Way receives an award from the Deloitte In Extenso Technology Fast 50 which rewards the companies with the highest growth. This track record is made comparing the growth rates of the turnover over the last four years. Lemon Way has had a 1,362% growth rate over the period. Damien Guermonprez, Lemon Way CEO declares: “The Deloitte In Extenso Technology Fast 50 rewards the efforts of our teams for becoming in a few years only the 1st French FinTech with 2.3 million customer accounts.”
The Technology Fast 50 track record enlightens companies like Lemonway that testify the tremendous momentum in innovation and value creation of the French entrepreneurs. With no less than 16 editions, the Technology Fast 50 track record has become a reference for the French and international investors. We are very proud to have Lemonway among the 2016 winners.
A 4 million euros turnover in 2015, 4 times more than in 2014. 8 millions forecast in 2016: Lemonway keeps up with its incredible growth.
“Every month is a new record. Our goal towards the end of the year is to reach a 500 million business volume, that is three times our business volume in 2015.“, precises Sébastien Burlet, Lemonway Chairman.
With more than 2.3 million accounts created since 2013 and the recent opening of three new offices (Turino, Barcelona, Münich), in addition to London and Dakar subsidiaries, Lemonway pursues its expansion in Europe thanks to the development of crowdfunding and sharing economy.
Due to the European regulation, crowdfunding platforms, marketplaces, gifting lists, carpooling, private letting, etc. must chose a payment institution to collect the funds on behalf of third parties. Lemonway, which agreement is passported in 30 European countries, has quickly become a reference among the FinTech leaders and grows substantially. As a reminder, the track record is open to any company that satisfies all of the following criteria:
• Be an independant French company
• Own licences and/or spend at least 5% of the annual turnover in one the six following lines of business: 1) BioTech and Life sciences, 2) Energy and GreenTech, 3) Hardware and Electronics, 4) Internet, Media and Telecom, 5) Software and IT services, 6) Aerospace and Defense
• Have been created before January 1st, 2012 and have completed 4 financial years
• Have had a minimum turnover of 50,000 euros in 2012.
An independant, regulated Payment Institution working for the new economy: Lemonway is a Payment Institution 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 550 European companies use its service.
The #1 French FinTech company: since its launch, Lemonway has enjoyed positive word-of-mouth between start-ups. The result: 2.3m customer accounts opened in three years.
An independant Financial Institution: there are no banks or investment funds among its shareholders and Lemonway has been self-financing since it was created in 2007, making it the only independent player in its market. Lemonway is approved by the French regulator and is licensed to operate in 28 European countries. The company employs 80 people of 25 different nationalities. Lemonway opened 3 European offices (Turino, Barcelona, Münich) and two subsidiaries (Lemonway UK in London, Lemonway Africa in Dakar) over the year 2016.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about to learn more about our global network of member firms. In France, Deloitte SAS is a member firm of Deloitte Touche Tohmatsu Limited, and its services are provided by its member firms. © 2016 Deloitte SAS, member firm of Deloitte Touche Tohmatsu Limited
© 2016 Deloitte SAS, Member of Deloitte Touche Tohmatsu Limited
Damien Guermonprez | CEO Lemonway
+33 (0) 1 48 18 19 38
Priscille Holler | Press | Deloitte
+ 33 (0) 1 58 37 93 76
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