Lemon Way nabs €25 million investment from Toscafund
Payments firm Lemon Way has received €25 million in investment from London-based asset manager Toscafund.
Lemon Way is a Paris-based regulated payment institution which claims to offer a unique all-in-one solution of modular and proprietary API-based services “ranging from on-boarding to cash pay-out flows”.
The firm intends to partner with banks and create strategic partnerships aimed at creating “cutting-edge customised solutions” for banks’ marketplace and ecommerce customers. Lemon way claims that 1,400 marketplace and 200 crowdfunding platforms are utilising its services.
Lemon Way plans to use the cash injection to develop its products and strengthen its presence Europe beyond its heartland markets of France, Italy and Spain.
“We are pleased to have found in Toscafund a strong and internationally experienced partner which is complementary to our first-round investors Breega and Speedinvest,” says Antoine Orsini, CEO and co-founder of Lemon Way.
George Koulouris, partner at Toscafund, adds: “Lemon Way’s target market is booming: B2C, B2B and financial online marketplaces are emerging all over Europe and are expected to continue their strong growth trajectory.”
“Lemon Way’s technology, strong partnerships and differentiated expertise give the company a head start.”