Case Study: Kiln completes a €16 million capital increase with Memo Bank's real-time tracking platform

How Kiln accelerated its capital increase with international investors through Memo Bank’s real-time tracking platform

Kiln, a company that develops reward solutions for cryptocurrency users, faced the challenge of needing to promptly close a €16 million capital increase with international investors. Their previous banking partners provided a slow, non-transparent process. To solve this, they turned to vendor Memo Bank for its capital increase account service.

Memo Bank's solution provided a real-time tracking platform, enabling Kiln to autonomously monitor incoming investor transfers. The bank's responsive customer service, especially on compliance questions, and fast account setup accelerated the entire process. This successful capital increase prepared Kiln to expand its client portfolio, design new products, and open international offices.

Kiln

Thomas de Phuoc

Cofounder and COO