Lemon Way Leverages Barclays Tech Capabilities to Expand in the UK
E-commerce payments provider Lemon Way is enhancing its relationship with Barclays Corporate Banking in order to establish a firm foothold in the UK and expand throughout other European markets, the company said.
Lemon Way is a fintech startup, whose products are regulated by ACPR – Banque de France. The new agreement with Barclays’ Non-Bank Financial Institution provides Lemon Way with tech capabilities, including resources around electronic banking, operating accounts, client money accounts, SwiftNet access, faster payments and Barclaycard online payments.
Lemon Way’s UK operations will be based in London and will be hosted in the Barclays incubator during its take-off. The office will be headed by Emmanuel de Cazotte, an early investor in Lemon Way, former general manager, Visa France; and senior VP, Mastercard.
The bank will also support Lemon Way in its expansion across Europe, in markets like Spain, Germany and Italy, where both businesses have clients. The payments provider will target crowdfunding and P2P lending companies.