Qonto

Qonto

Digital banking platform for business finances

About Qonto

Simplify's Rating
Why Qonto is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

1,001-5,000

Company Stage

Late Stage VC

Total Funding

$670.5M

Headquarters

Paris, France

Founded

2016

Overview

Qonto is a digital banking platform that simplifies financial management for businesses of all sizes. It offers services like business accounts, expense management, and bookkeeping, all through a subscription model that allows for scalability. A key feature is the ability to process hundreds of transfers at once, which is beneficial for businesses with high transaction volumes. Qonto also emphasizes customer service, providing support in five languages and receiving over 400,000 positive reviews.

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Simplify's Take

What believers are saying

  • 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.

What critics are saying

  • 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.

What makes Qonto unique

  • 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.

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Funding

Total Funding

$670.5M

Above

Industry Average

Funded Over

6 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Tailor-made remote policy

Lunch Card

Dynamic career tracks

Competitive salary package

Employee well-being initiatives

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

1%
FrenchWeb
Jan 9th, 2025
Frenchweb 2025, Qui Sont Les Entreprises De La Tech Française Qui Recrutent Le Plus ?

FRENCHWEB 2025, qui sont les entreprises de la tech française qui recrutent le plus ?Les entreprises qui recrutent dans la French Tech en 2025 : plus de 510 000 emplois recensésMalgré un contexte économique au ralenti, les acteurs de la French Tech et des secteurs de l’innovation poursuivent leur dynamique de création d’emplois. En 2024, les entreprises du secteur regroupaient plus de 510 000 emplois, en légère hausse par rapport aux 488 860 recensés fin 2023, selon un panel de plus de 1500 sociétés analysées par notre partenaire WE-INNOVATE.EU. Ce panel inclut startups, PME, ETI et grands groupes, couvrant des secteurs variés comme l’agriculture, le spatial, le quantique, les biotech ou encore l’e-commerce.25 entreprises en tête du recrutementLes entreprises les plus actives cette année incluent Dassault Systèmes, Believe, Ecovadis, Qonto, OVHcloud et Exotec. Ces organisations figurent parmi les leaders grâce à leur capacité à offrir des opportunités diversifiées dans des secteurs comme l’IT, les fintechs, et les greentechs. Les 25 entreprises en tête, listées dans cette édition, recrutent dans des fonctions variées, des métiers techniques aux postes plus traditionnels adaptés aux besoins des entreprises innovantes.Nous n'avons pas pu confirmer votre inscription. Votre inscription est confirmée

FF News
Nov 20th, 2024
Qonto Appoints Heidrun Luyt As Chief Growth Officer To Accelerate European Expansion And Drive Customer-Centric Growth, Reaching 45% Women In Leadership Team

Qonto, the leading European business finance solution for SMEs and freelancers serving 500,000 customers, today announces the appointment of Heidrun Luyt as its new Chief Growth Officer (CGO).With Luyt joining the C-suite alongside recently appointed Chief Product Officer Natalia Williams, Qonto reaches 45% female representation at the executive level, setting a powerful example for the fintech industry where, in 2023, only 17% of C-suite members in European start-ups and scale-ups were women (source). This dual appointment represents a significant step forward in driving strategic growth across European markets while reflecting Qonto’s commitment to building a diverse and inclusive leadership team. It also creates a unique opportunity to strengthen the connection between Growth and Product functions, ensuring Qonto’s solutions become even more commercially driven while maintaining their customer-centric focus.As CGO, Luyt will lead and develop Qonto’s growth team of nearly 300 people spanning local and global Sales, Acquisition, Client Development, Brand & Communications, as well as Growth Projects & Operations teams.Luyt joins Qonto with extensive experience in driving organic and acquisitive growth in senior commercial marketing and customer experience roles. With almost two decades in the international SaaS, fintech, and retail industries, Luyt has a proven track record in digital marketing, go-to-market strategies, and customer experience excellence. Her career spans leadership positions at global FTSE250 organisations including IG Group, Private Equity-backed companies like Pipedrive, and David Lloyd Leisure, as well as privately-owned brands like Le Creuset and Peek & Cloppenburg.“I’m thrilled to join Qonto as CGO at such a pivotal time in the company’s journey,” says Luyt. “Qonto’s impressive growth and its focus on empowering freelancers and SMEs align perfectly with my professional passions

Fintech Futures
Oct 8th, 2024
Qonto appoints Natalia Williams as new chief product officer

Qonto, a Paris-based business banking fintech, has named former MailChimp exec Natalia Williams as its new chief product officer (CPO).

Tech.eu
Oct 8th, 2024
"We Believe That Ai Fluency Is Important For Employability”, Says French Unicorn

Being fluent in AI is “important for employability”, according to a top tech executive with a leading French unicorn. Aymeric Augustin, CTO, Qonto, a French business banking fintech, says that more than half of Qonto’s 1,600 staff are using GenAI as a work tool, increasing from zero use to over 50 per cent in around four months. Augustin says it will help its employees be more employable in the future. He said:“We believe that AI fluency is important for employability."He added that Qonto hopes to have soon around 70 per cent of its staff using GenAI tools. Qonto staff are using the French GenAI tool Dust, which tailors AI assistants for companies, plugging into large-language models such as OpenAI’s ChatGPT or Google’s Gemini. Dust’s assistants connect to a company’s data and documents

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