Orange Bank has bought French neobank Anytime to scale up its commercial reach and enhance its range of solutions for professionals and SMEs.
The terms of the acquisition were not disclosed, but Anytime’s co-founders Damien Dupouy and Thierry Peyre will continue to lead the daily work of the venture.
“We’re happy and proud to join the Orange group,” they said in a joint statement. “This latest development recognises the strength of the Anytime business model, the first business-focused neobank to be profitable since 2018. This merger with Orange Bank will enable us to offer a greater range of business services (loans, insurance, payments, expert advice etc) and benefit from the powerful Orange brand.”
Anytime offers will initially remain available online via an account set up through the Anytime app or website, but will then be gradually rolled out across other European countries Orange Bank operates in. The offering will also slowly be extended.
“Anytime’s entry into the Orange Bank family marks a new development opportunity for us in a high-value market segment while establishing strong synergies with Orange Bank and Orange,” said Paul de Leusse, CEO of Orange Bank.
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