Bignon Lebray advises Crédit Mutuel Arkéa in the C series of Yomoni, a fintech company

Edouard Waels, Partner, and Fanny Esnée, Lawyer, have advised Crédit Mutuel Arkéa in the €8.7 million fund raising of Yomoni.

Founded in 2015, the Paris-based start-up with AMF approval has developed an algorithm to recommend personalized investments for each client based on their income so as to assess their savings capacity and risk tolerance. Individuals are offered various tax products, including PEAs, life insurance and securities accounts.

Over the past eight months, it has recorded 40% growth, reaching a number of 21,000 signed mandates as of last August, representing more than €250 million in amount outstanding. Yomoni, which employs 25 people, will be expanding its catalog of tax packages by offering a Retirement Savings Plan in the near future. The young company is working on recruiting consultants and data scientists.

This third round of financing has been completed with its historical investors, Crédit Mutuel Arkea and Weber Investissements, as well as with the startup management, which is taking advantage of the transaction to increase its equity stake.

Crédit Mutuel Arkéa has been developing an original strategy for more than ten years to reinvent banking and insurance. By collaborating with an ecosystem of fintechs and insurtechs, Crédit Mutuel Arkéa has become a key player in the digital economy.