Case Study: Drapo saves thousands of euros in transaction fees with Memo Bank

Drapo saves thousands of euros of transaction fees through Memo Bank

Drapo, a French company specializing in financing for energy renovations, was facing a significant financial and operational burden. With a high volume of monthly transactions paid out to artisans, their traditional bank was charging tens of thousands of euros per year in transaction fees. The lack of a predictable pricing model from their previous bank was also a major challenge for the company's CEO.

By switching to Memo Bank, Drapo eliminated all transaction fees. The subscription-based pricing from Memo Bank provided cost predictability and immediate savings. The solution also included batch transfer capabilities and secondary accounts for better cash flow management. As a result, Drapo saved an estimated €20,000 to €45,000 in banking fees in 2021 alone, while also saving the CEO several hours per month in administrative tasks.

Drapo

Julian Aroun

Cofounder and CEO