Finance & Banking / Business Banking Verified 26 Apr 2026

Memo Bank

SME bank with IBANs, salary runs, granular permissions, overdrafts and €20k–€200k loans

Paris, France · Founded 2017 · Paid
A European alternative to Chase for Business Wise Mercury Bluevine

About Memo Bank

Memo Bank is a Paris-based independent French bank founded in 2017, the first new credit institution licensed in France in around fifty years. It targets SMEs with €2m-€50m annual turnover, mainly in the Paris and Lyon regions. The platform provides multiple French IBAN current accounts with interest from the first euro, fast salary runs, granular team permissions, full transaction history search, unsecured overdrafts and SME loans from €20,000 to €200,000 over 12-84 months. Each client also gets a dedicated account manager.

Quick facts

Pricing model Paid
Free trial
Open source
Self-hostable No
Public API No
Target audience B2B
Company size fit All
DPA available Yes
Data stored in EU Yes
Last verified by eubuilt.eu on 26 Apr 2026 — re-checks every 6 months Flag listing → Read our criteria →