Orange Bank Acquires Neobank Anytime
January 06 2021 - 6:05AM
Dow Jones News
By Mauro Orru
Orange said Wednesday that its online banking subsidiary Orange
Bank has acquired neobank Anytime in a move that is expected to
bolster its client footprint with access to the professionals and
small business market.
The French telecommunications company didn't disclose financial
details of the transaction.
Orange said Anytime would remain under the leadership of
co-founders Damien Dupouy and Thierry Peyre and the current
management team.
"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," Orange
Bank Chief Executive Paul de Leusse said.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
January 06, 2021 05:50 ET (10:50 GMT)
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