Montreuil, France based Lemon Way is the number one online payment solution for crowdfunding platforms in continental Europe. The company received a payment institution license in 2012.
According to the Fintech firm, today Lemon Way provides payment solutions to over 200 crowdfunding sites (both debt and equity), including many of the largest platforms like Lendix, Wiseed, Green Rocket and more.
Regulated by the French ACPR, Lemon Way serves a whopping 1400 marketplaces. Lemon Way has reportedly opened 4.6 million payment accounts in the past 4 1/2 years and expects to double its volume, each year, into the foreseeable future.
“2/3 of our payment fees are generated abroad and are proud to be recognized outside France,” shares Antoine Orsini, co-founder and CEO.
Lemon Way reports that in 2017 the platform processed €1.4 billion (inflows / outflows) vs. €900 million in 2016. Revenue when from €6.5 million in 2016 to €11 million in 2017. The Fintech has been generating a positive net income and is self financing. Lemon Way expects to process €2.6 billion in 2018.
Lemon Way is working with companies like CNP Assurances, the French National Football League, Yellow Pages (SoLocal Group), and many more. They have partnered with multiple banks including BNP Paribas, Barclays, Crédit Mutuel, and Banco Sabadell.
The success of Lemon Way has led the company to be labeled the first French Fintech by Les Echos and the FT.
“The industrialization of the ACPR process of appointing our payment agents reinforces our leadership in the Euro zone,” says Damien Guermonprez, Chairman of the Supervisory Board.