After its initial success offering pioneering mobile banking services to the general public, „Orange Bank is now aiming to make financial management easier for SMEs and SOHOs,” according to the press release. Anytime is one of the top three neobanks in this market in France and has been profitable since 2018 (1) . It has grown by offering business accounts, payment solutions and expense management tools that make life easier for small businesses.
Solutions that are already available on the Anytime platform include creating quotes and invoices, automatic account updates, enabling customer payments via a mobile or credit card, managing unpaid invoices and optimising cash flow.
„With the support of experts from Orange, these solutions will be further developed in the future to build a comprehensive solutions platform that will help business customers manage their finances more efficiently,” the company said.
Orange already serves several million professional and business customers in France (2) who could also potentially be interested in Anytime’s offers: start-up entrepreneurs, freelancers, the self-employed and small businesses. With the future distribution of Anytime’s offers by Orange, professional customers will benefit from further financial services and digital management tools.
Anytime offers will initially remain available online via an account set up through the Anytime app or website. These will be gradually extended to other Orange channels including its network of stores and its business salesforce. Starting in France, services will also be rolled out across Orange Bank’s other European countries.
“We’re happy and proud to join the Orange group. This latest development recognises the strength of the Anytime business model, the first business-focused neobank to be profitable since 2018. This merger with Orange Bank will enable us to offer a greater range of business services (loans, insurance, payments, expert advice etc) and benefit from the powerful Orange brand.”
Damien Dupouy and Thierry Peyre, co-founders of Anytime
“Anytime’s entry into the Orange Bank family marks a new development opportunity for us in a high-value market segment while establishing strong synergies with Orange Bank and Orange.” said Paul de Leusse, CEO of Orange Bank
The acquisition terms have not been disclosed.
(1) Source Anytime, November 2020
(2) Source Orange, November 2020
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Anytime is a neobank for specifically designed for the independent professionals and small businesses market (SME, SOHO). Founded in 2014 by Damien Dupouy and Thierry Peyre, the company offers fully digital and mobile-compatible business accounts, complete with a user-friendly and functional interface, a support hotline and clear pricing without any hidden clauses. Anytime raised 5 million euros in funding in 2016 from Seveture Partners (Prestashop, SumUp, IDNow, Mailjet, ChronoTruck, …) before becoming the leading profitable neobank for the business market in 2018.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
