Case Study: Adsquare remotely opens a French bank account with Memo Bank

How Adsquare, a German online marketing scale-up, successfully managed to remotely open a bank account for its French subsidiary through Memo Bank

Adsquare, a German tech company specializing in location data analytics, needed to remotely open a French bank account and deposit capital for its new subsidiary. Traditional banks warned the process would be slow and require in-person paperwork. Adsquare's VP of Global Finance sought a quick, fully remote solution from Germany and required an English banking interface, leading them to vendor Memo Bank.

Memo Bank provided a fully digitized solution for remote account opening and capital deposit, all managed through a bilingual English and French platform. The process was streamlined with electronic signatures and was supported by a dedicated English-speaking relationship manager. The result was an easy and efficient onboarding experience for Adsquare, which successfully established its French subsidiary's account and is now exploring other services from Memo Bank.

Adsquare

Katharina Wodischeck

VP Global Finance