A strong growth, now profitable
Lemonway has successfully capitalised on its growth momentum, with revenues doubling from €16m to €32m in just one year, with a net income rising to €5m. This upward trajectory has enabled the company to break even and to self-finance its regulatory capital requirements.
Antoine Orsini, Lemonway CEO, is convinced of the company’s positioning: “Today, we are entering 2024 with greater strength and maturity to 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.“
To maintain its leadership, in the first quarter of 2024 the fintech will launch new services such as “Buy Now Pay Later” in partnership with Oney and a new, more integrated and painless KYC process for B2B and B2C marketplaces.