The pan-European payments Finteh Lemonway says it doubled revenue in 2023 when compared to 2022.
During the year, Lemonway reports that it processed €9.6 billion, or a 24% increase compared to 2022. Lemonway works with some big names like SNCF. Decathlon, Drouot and others. In the past 12 months, Lemonway announced agreements with Société Générale, Payplug, PayPal, and Magento (Adobe Commerce).
Lemonway predicts that it will manage €12 billion in 2024 – an approximately 25% increase.
For top-line revenues, Lemonway reports an increase from €16 million in 2022 to €32 million in 2023. Net income increased to €5 million
Lemonway CEO Antoine Orsini said they are entering 2024 with greater strength and maturity, which will help them 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.”
In the first quarter of 2024, Lemonway will launch a BNPL or Buy Now Pay Later service by working with Oney.
France-based Lemonway also seeks to become a key provider in the German market, supporting big B2B accounts.
The company already works with B2B platforms such as Eiffage, TourFinance, Arcelor Mittal, and C10.
Damien Guermonprez, Executive Chairman of Lemonway, explained their services are adapted to the complexity of their clients. Their ability to comply with European regulations is a competitive advantage, and they “envisage becoming the payment reference for major European players.”
Lemonway is authorized and regulated by the ACPR (Autorité de Contrôle Prudentiel et de Résolution) and holds an “EU financial passport” in 28 countries.