Orange acquires French neobank Anytime to consolidate on fintech
Orange announced that it has acquired French digital banking service provider Anytime for an undisclosed sum.
Following its launch three years ago and the successful development of leading innovations in mobile banking for retail customers, Orange Bank has acquired Anytime, enabling it to address the professionals and small business market. This new market development aims at supporting the Orange client footprint and is fully aligned with the core multiservice. strategy of the Group.
As a wholly-owned subsidiary of Orange Bank, Anytime will also benefit from the strength of the Orange brand among SMEs and SOHOs that will enable it to scale-up its commercial reach and enhance its range of solutions for professionals.
Under the leadership of its co-founders Damien Dupouy and Thierry Peyre, along with its current management team, Anytime will continue its market growth with increased resources.
Anytime offers will initially remain available online via an account set up through the Anytime app or website. These will be gradually extended to other Orange channels including its network of stores and its business salesforce. Starting in France, services will also be rolled out across Orange Bank’s other European countries.
“We’re happy and proud to join the Orange group. 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” Damien Dupouy and Thierry Peyre, co-founders of Anytime said.
“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.