Limonetik

Based in France, Limonetik offers a payment solution that streamlines cross-border transactions for businesses, enhancing efficiency and accessibility in the global payment landscape. Limonetik, founded in 2007 in Paris, France, specializes in payment processing solutions for international transactions. The company was acquired in July 2021 by TTMFS Singapore Pte Ltd. , with previous investors including Index Ventures, Meritech Capital Partners, and Anaxago.

The founder, Christophe Bourbier, has a history in technology and services, contributing to Limonetik's innovative approach. The company has completed a total of five deals, with a current valuation of EUR 17. 95 mn and a total amount raised of EUR 1. 924 mn in its latest funding round, which included investors Arcole and Newfund Management.

Limonetik provides a suite of cross-border payment solutions designed to facilitate seamless transactions. Its core offerings feature a unified API that enables instant payments to over 120 mobile wallet brands and access to 4 billion bank accounts globally. The platform supports various transaction types, such as digital wallet transfers, bank payments, and the acceptance of digital vouchers. Limonetik focuses on improving financial inclusion, particularly in emerging markets, and serves a diverse clientele, including banks, money transfer operators, and digital merchants.

In the most recent financial year, Limonetik reported a revenue of EUR 6,240,924. 70 and an EBITDA of EUR -5,636,359. 60, reflecting the company's operational dynamics in the payment processing sector. Looking ahead, Limonetik aims to expand into new markets across Asia and Africa, focusing on enhancing its product offerings and technological capabilities.

The recent funding of EUR 1. 924 mn will be allocated towards product development and market expansion initiatives. The company plans to leverage this capital to support the roll-out of new payment solutions and enhance their API functionality, thereby facilitating better service for their business clients. Additionally, the acquisition in July 2021 positions Limonetik for strategic growth in partnership with TTMFS Singapore Pte Ltd.