About Qonto
Qonto is a digital banking platform that simplifies business finances by offering services like business accounts, expense management, and bookkeeping. It operates on a subscription-based model, allowing businesses to choose plans that fit their needs and scale as they grow. A standout feature is the ability to process hundreds of transfers at once, which is ideal for high transaction volumes. Qonto aims to provide efficient banking solutions with excellent customer service, available in five languages.
Paris, FranceHeadquarters
2016Year Founded
$670.5MTotal Funding
LATE_VCCompany Stage
Fintech, Financial ServicesIndustries
1,001-5,000Employees
Benefits
Tailor-made remote policy
Lunch Card
Dynamic career tracks
Competitive salary package
Employee well-being initiatives
Risks
Increased competition in the fintech sector could erode Qonto's market share.
Reliance on third-party platforms like Wise may expose Qonto to operational risks.
Rapid expansion into new markets could strain Qonto's resources and operations.
Differentiation
Qonto offers a unique feature to initiate hundreds of transfers simultaneously.
The platform provides API connectivity for seamless integration with other financial systems.
Qonto's customer service supports five languages, available seven days a week.
Upsides
Qonto's expansion into four European markets increases its customer base significantly.
The Wise Platform partnership enhances Qonto's cross-border payment capabilities.
The SEPA Direct Debit feature will improve cash flow management for customers.
Funding
Total raised$670.46 M
Latest valuation$4.40 B
StageLATE_VC
LATE VC
3/31/2022$6
$4.40 B$114
$520.00 MSERIES B
8/31/2018$22
$100.00 MSERIES A
6/30/2017$11
$50.00 MSEED
11/30/2016$2
$8.00 M