A key solution for managing our complex shareholder structure
As it experienced rapid growth, Memo Bank found itself facing a complex capital structure, with a large number of shareholders and several planned fundraising rounds.
“With Equify, we finally have a single source of truth. Every funding round and every exercise of stock option grants is handled without the need for re-entry or ambiguity, and we gain greater reliability and peace of mind.”
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About Memo Bank
Founded in 2017 by Jean-Daniel Guyot and Michel Galibert, Memo Bank is France’s leading independent bank for small and medium-sized enterprises (SMEs) and mid-sized companies. Authorized by the European Central Bank (ECB) and regulated by the ACPR, it supports more than 700 companies in managing their cash, cash flow, and financing. Thanks to cutting-edge technology and dedicated, personalized support, Memo Bank enables finance departments to manage all their operations in a centralized and integrated manner.
About Karim
Karim Makram-Ebeid practiced law for ten years, first at law firms specializing in cases before the Court of Cassation and the Council of State, then at Gide, Loyrette Nouel, before co-founding the Bochamp law firm. He then worked as an in-house counsel for more than 10 years, notably at SFIL, where he served as general counsel responsible for litigation, public-sector financing, and export credit. He is a former Secretary of the Paris Bar Association’s Lawyers’ Conference and a graduate of Paris X and HEC Paris.
Anticipated Complexity
In 2021, Memo Bank is facing an increasingly complex capital structure. The large number of shareholders-particularly holders of BSPCE and BSA-makes manual management of the capital table both risky and time-consuming. This complexity is exacerbated by the need to coordinate several fundraising rounds, resulting in a sharp increase in the volume of data and documents.
To avoid administrative burdens and ensure the reliability of information from the outset, the team chose Equify as its single source of truth to centralize the cap table, standardize processes, and streamline collaboration with all stakeholders.
A Single Source of Truth
With the increasing number of fundraising rounds and BSPCE exercises, centralizing legal information has become essential to ensuring its reliability. By consolidating the capital table, registries, and all documents into a single repository, the team eliminates the need for duplicate data entry, minimizes the risk of errors, and enhances traceability.
Thanks to a view that is always up-to-date and actionable, communication flows more smoothly: information is standardized, shareable, and accessible in real time. This significantly simplifies and speeds up both operational planning and responses to internal and external requests.
“With Equify, we finally have a single source of truth. For every funding round and every exercise of stock options, I can instantly find the right information and the right document. We’ve gained greater reliability and peace of mind.”
Seamless and Secure Transactions
Equify enables Memo Bank’s teams to quickly access all information related to the company’s shareholding structure, thereby making it easier to respond to ad hoc investor inquiries. This results in faster and better-documented communications. Furthermore, thanks to personalized access to their equity holdings, employees-including those who have left the company-can easily obtain the documents they need. This centralized approach reduces back-and-forth communication, ensures secure responses, and frees up time for higher-value-added tasks.
“Handling investors’ requests for certificates or answering their questions about their ownership percentage can quickly become complex and time-consuming. With Equify, we can respond in just a few clicks with the correct version of the document and the correct percentage. We’ve become more responsive and thorough in all our communications.”
The Future with Equify
During upcoming fundraising campaigns, the team will need to send out hundreds of documents. With Equify’s built-in direct mail feature, everything becomes simple: personalization, distribution, and tracking can be done in just a few clicks, at scale, without errors or the need for re-entry.
"Switching from 300 manual mailings to a direct mail campaign managed in Equify transforms the mailing process: it’s faster, more reliable, and completely under control."
