Paris, February 6, 2018 - Since its launch in 2014, Anytime has recorded more than 350,000 account opening requests. Anytime is recording a fast-growing flow, doubling its business volume every year.
Of the FinTech's customers, 35% have opened a business account, 29% of whom are freelancers.
The majority of Anytime's customers are aged between 24 and 42, proving that innovative services are not just for the young, but for a wider, connected and active audience.
Why are professionals turning to neobanks?
Popular with professionals for managing their financial flows, neobanks provide these profiles with the immediacy, fluidity and ergonomics they need to manage their accounts more easily, and at lower cost.
The Anytime account is a hit with professionals
69% of Anytime accounts are opened by men, in line with the national average (70% of accounts in France are opened by men). However, Anytime customers are younger than this average: the majority are aged 30-36, followed by 24-30 and 36-42.
Around half (49%) of Anytime customers have an income above the French median of €1,797 net/month.
Breakdown of profiles by business sector
The 5 sectors most represented among Anytime customers are : - General business 14.6% ; - Retail 10.9%; - Consulting 5.3%; - Tourism 5.1%; - Business services 4.9%.
"The onboarding system used by traditional banks is essentially based on credit risk assessment. Companies in the construction sector are struggling to get bank support. Anytime has built its offer on a debit-based approach to risk. We don't lend money, so we can accept companies from this sector as clients", explains Damien Dupouy, co-founder of FinTech Anytime.
Anytime customer habits
Account funding
On average, an Anytime professional deposits €3,590/month into his or her account, which comes from the payment of customer invoices. 75% are paid by bank transfer and 25% via a payment terminal or payment link. Cashing by cheque accounts for just 1% of flows, "which confirms that our professionals prefer to cash their customers immediately to restore their cash flow", explains Damien Dupouy.
The number of customers using factoring is constantly growing.
When their account is activated, 60% of customers deposit funds within 7 days of opening it, by direct transfer from an account opened in their company's name at a bank. 63% of cash receipts are made by credit card, compared with 36% by bank transfer and 1% by cheque.
"We've found that it's mainly large companies that pay freelancers by bank transfer, whereas start-ups and other small structures are happy to pay by credit card. By favoring payment by credit card, freelancers can minimize collection times and rapidly recover cash flow to finance their development", explains Damien Dupouy. analyses Damien Dupouy.
Anytime customer purchases
E-commerce spending accounts for 59% of purchases by Anytime customers. High-tech products top the list, accounting for 32% of transactions, followed by retail products at 6%. Amazon leads the way with 15%, followed by Apple (12%) and Google (6%).
Over 60% of transactions by private customers are for €20 or less, while the average transaction for professionals is over €110.
This trend confirms the relevance of deploying contactless payment devices for consumers.
Spending around the world
Anytime customers spend money all over the world, particularly in Europe: in France, Great Britain, Northern Ireland and Luxembourg. The United States ranks 5th and China 9th among countries receiving transfers.
"One of the challenges for Anytime, as for all neobanks, is to succeed in on-boarding more and more customers, while at the same time strengthening the compliance department to effectively combat the risks of money laundering and terrorist financing. Some fraudsters think that by using neobank services, they'll be able to slip through the net. They will be surprised to discover that fintechs are subject to the same obligations as traditional banks, and that this represents a top priority along with the fight against bankcard fraud. In 2017, Anytime recorded a bankcard fraud rate of 0.042%, which is in line with the average recorded by banks", concludes Damien Dupouy.
Anytime is the neobank for businesses, professionals and independent individuals. Launched in 2014, it offers a 100% online current account, a simple and modern interface, advisors available by phone, all with simple pricing and no hidden fees. Registration is fast, completely paperless and allows customers to save time, control their account, better manage business expenses as well as personal expenses, and have tools for cashing (transfer, check, payment terminal, payment button..). Anytime raised €5M with Seventure (Prestashop, SumUp, IDNow, Mailjet, ChronoTruck,...)