Press Release
October 29, 2019

Lemon Way Secures a EUR25 Million Investment from Toscafund Asset Management

The Paris Private Equity team advised Lemon Way, on its 25 million euros financing from Toscafund Asset Management. This second investment will allow the French FinTech to strengthen its presence in Europe and continue to develop its products with new payment features aligned with clients’ needs.

Lemon Way is a Paris-based regulated payment institution focusing on marketplaces, crowdfunding platforms and e-commerce websites that require payment processing, wallet management and third-party services in a KYC/AML-regulated framework. It currently manages over seven million payment accounts. Lemon Way offers an all-in-one solution of modular and proprietary API-based services ranging from on-boarding to cash pay-out flows.

Toscafund is a London-based multi-asset alternative investment management firm with over $3.5 billion in assets under management and has established itself as one of Europe’s leading investors in the financial services sector. This investment marks Toscafund’s first private equity deal in France.

The Goodwin team was led by partner Jérôme Jouhanneaud

Goodwin had already advised Lemon Way on its 10 million euros Series A financing from Breega and Speedinvest.