Case Study: Kolet achieves faster capital increase and higher deposit yield with Memo Bank

How Kolet experienced a transparent and smooth capital increase process and maximised its yield through our suite of savings accounts

Kolet, a French startup providing affordable mobile internet access abroad via eSIMs, needed a modern banking partner. Their challenge was to efficiently manage a €5 million capital increase and then maximize the yield on those deposited funds. They partnered with Memo Bank for its streamlined capital deposit processes and high-yield savings accounts.

Memo Bank provided dedicated support for the capital increase, granting Kolet real-time, read-only access to track the escrow account and issuing a deposit certificate within 24 hours of receiving the funds. Memo Bank's solution also included placing the capital into a term deposit and an instant access savings account. This strategy earned Kolet over €135,000 in interest, maximizing the return on their surplus cash during their launch phase.

Kolet

Eduardo Ronzano

Cofounder and CEO