Yomoni raises another 25 million euros

Yomoni announced a fundraising of 25 million euros collected during a round table bringing together Didier Le Menestrel and Christian Gueugnier, the founders of Financière de l’Echiquier, Crédit Mutuel Arkéa and Amboise Partners. Since its establishment in 2015, the management company has raised a total of 45 million euros. “Yomoni is driving its fintech transformation by managing savings“, states the company in a press release.

Continuous growth

The products have proven themselves, the challenge today is to give ourselves the means and knowledge to take the next step.», explains Sébastien d’Ornano, president of Yomoni. Since 2020, the fintech has registered continuous growth with assets under management increasing from 150 million euros to 850 million euros in the first part of 2022. By offering diversified offers such as the equity savings plan (PEA), the pension savings scheme (PER), the securities account and the life insurance, the online savings manager now has signed 50,000 mandates for more than 40,000 customers. The contracts signed are distributed with up to 65% in life insurance, 15% in PEA, 15% against PER and 5% in securities account. This strategy, which is available online, allowed it to not charge entry fees and management fees of 1.6% per annum. “We now want to gain notoriety by developing new features and strengthening the democratization of all asset classes“, clarifies the president.

Towards diversification

Until now, Yomoni focused exclusively on exchange-traded index funds (ETFs), and Yomoni now wants to diversify the composition of its supports. Fintech intends to use this funding to continue the development of its private equity offer, which it launched in September 2022. The entry ticket, which is available today from 100,000 euros within the securities envelope it offers, can drop to 1,000 euros and enter into pension savings and life insurance contracts. By democratizing a medium hitherto reserved for traditional investors, Yomoni seeks to capture a larger-asset clientele.

At the same time, the teams had to almost double. The collection currently consists of 65 employees and will make it possible to hire up to 35 new talents, primarily developers and private managers.

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