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Qonto provides online banking services to small businesses & startups. The platform enables clients to open an online account within five minutes, with an IBAN (International banking account number) for sending and receiving payments. It also enable users to manage their finances by providing features like unlimited history, auto-categorisation of transactions, simplified transfers entries, budgets, history exportable, etc.
PRODUCTS & SERVICES
Qonto offers a range of financial tools for freelancers and teams. It provides a physical and virtual Mastercard that can be used for online and in-store purchases. It also manages the receipts and updates balance and sends notifications in real time. It also provide accounting solutions with features like auto categorization, automated VAT calculation, etc. It enable users to make transfers in about 18 currencies, through simple or batch transfers. Qonto is available for various company types including SAS/SASU, SARL/EURL, SC and independents (micro-entreprises, licensed professionals), as well as associations with a SIREN.
The company offers four plans: 1. Solo plan which costs $10.49 per month. 2. Standard plan which costs $33.80 per month 3. Premium plan which costs $115.38 per month 4. Enterprise plan which costs $348.48 per month.
startups and SMEs
The company partnered with local authorized e-money institution Treezor to handle their back office operations.
Qonto currently has 90 employees and 25,000 clients and the transaction volume has exceeded 2 billion dollars.The company will launch in Germany, Italy, and Spain are planned in 2019. (Sep. 2018)
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
The company will use the fund to double the team size, create its own payment infrastructure, and expand to Germany, Italy, and Spain in 2019. (Sep. 2018)
SEED & PRIOR FUNDING
SEED CLOSED ON
SERIES A · $11.43 M · Jun 2017
SERIES B · $23 M · Sep 2018
SERIES C · $115 M · Jan 2020