Accounting Associate

Qonto partners with Upvest to enable businesses to put their idle cash to work with money market funds. Julieta Varsano * Europe's leading business finance management solution Qonto is partnering with Upvest to add investment capabilities for SMEs across Europe * Through Upvest's API-first infrastructure, Qonto's business users will be able to earn yield with money market funds directly within the platform * The partnership brings access to selected capital markets investment products to hundreds of thousands of businesses Berlin, 8 June 2026 - European business finance platform Qonto today announces a partnership with Upvest, Europe's leading investment infrastructure provider, to launch a new in-app investing feature. Qonto's business users can now allocate surplus cash into highly competitive, euro-denominated money market funds from as little as €1. Germany, Qonto's largest market outside France, will be the first to benefit from this new offering, followed by a future market expansion across Europe. Money market funds are a natural fit for small and medium sized businesses looking to earn returns on working capital broadly in line with overnight deposit rates. The new feature is embedded into the Qonto experience, and can be accessed without leaving the platform or performing an additional KYB (Know Your Business) verification beyond the existing Qonto account verification. Additionally, the yield is shown transparently, net of all fees, directly inside the Qonto dashboard. Thus, businesses can now manage their accounts, track their spending, and handle their invoicing and bookkeeping, while putting their cash to work at the same time. For too long, the treasury tools available to large corporates have been out of reach for SMEs, even though collectively they hold billions in business accounts across Europe. Germany alone is home to more than 3.4 million SMEs, making it one of the most significant markets to address. This partnership is a step towards closing that gap. By giving its business users a simple and accessible way to earn returns on surplus funds, Qonto takes another step towards becoming the all-in-one financial home for European businesses, helping them not only manage their money, but grow it. Behind the scenes, Upvest's investment infrastructure handles order execution and settlement, custody, regulatory reporting, and tax processing, reducing operational complexity and enabling Qonto to focus on delivering a best-in-class experience for its users. "We built Qonto to give SMEs a smarter way to manage their finances. Every feature we build comes back to the same question: what do our customers actually need to run their business more effectively? The answer was clear as many SMEs have idle cash and they want to use it in a way that is working for them and supporting their growth. Partnering with Upvest thus is a natural next step as it brings investment capabilities directly into the Qonto platform and makes investing in money market funds as simple as transferring money" Malte Dous Managing Director Central Europe "We are proud to partner with Qonto to bring investment capabilities to some of Europe's most dynamic businesses. Powered by Upvest's Investment API, Qonto can now offer its business users a seamless, low-friction way to grow their cash, while we handle all the complexity behind the scenes. This partnership is a strong example of how modern investment infrastructure can make capital markets genuinely accessible at scale." Martin Kassing CEO and co-founder of Upvest About Qonto Qonto is Europe's leading finance management solution serving over 600,000 SMEs and freelancers across 8 countries. Launched in 2017 by Alexandre Prot and Steve Anavi, Qonto combines business banking with powerful financial tools including invoicing, bookkeeping, and spend management - all in one seamless solution. Backed by €600+ million in funding and powered by a team of 1,600+ people, Qonto is transforming how European businesses manage their finances with innovative products, transparent pricing, and 24/7 customer support. Press Contact: About Upvest Upvest is a technology company and investment firm that provides banks, brokers, and wealth managers with modern API-based infrastructure for securities business. In addition to software, it provides trading, custody, and back-office services on behalf of its clients. This enables financial institutions to modernise their securities operations comprehensively and cost-effectively, and to grow profitably. Upvest's clients include fast-growing fintechs such as Revolut, N26, bunq, Webull, and Raisin, as well as digital banks like Openbank and DKB. Founded in 2017, Upvest has 280 employees and processes over 100 million trades per year. The company continues to be independently managed by its founders Martin Kassing, Dr Til Rochow, and Tobias Auferoth, and is securely financed for the long term by investors including Earlybird and Bessemer Venture Partners. Disclaimer: This press release is for informational purposes only and does not constitute investment advice or an offer to buy or sell any financial instrument. This offering is available exclusively to business customers in Germany and is subject to German financial regulatory oversight. Specific investment-related compliance checks may apply. Money market funds carry market risk and risk of loss. Returns are not guaranteed, may be lower than stated yields, and past performance is not a reliable indicator of future results. Funds are accessible within 1 to 3 business days following a redemption request; timelines may vary depending on fund terms and market conditions. A full breakdown of fees and applicable terms is available in the fund prospectus and Key Investor Information Document (KIID). Investors should review these documents carefully before investing. Investment services are provided in partnership with Upvest. Future expansion to additional markets is subject to regulatory approval.

PragmaGO and Qonto launch PragmaCash to revolutionize financing for smes in spain. The strategic alliance between PragmaGO and Qonto marks a milestone in the modernization of the credit system for small and medium-sized enterprises in the country, introducing PragmaCash as a tool designed to mitigate the liquidity barriers that have historically impeded the development of the Spanish business fabric. This collaboration is not simply another commercial agreement, but a deep integration of technological capabilities that seeks to redefine how freelancers and smes interact with capital. By leveraging Qonto's digital infrastructure and PragmaGO's technical expertise in embedded financing, the companies have managed to articulate a system that prioritizes immediacy and transparency over traditional bureaucracy, allowing access to additional funds to be a fluid and fully digitalized process that adapts to the rhythm of daily operations of any modern business. The central proposition of PragmaCash revolves around universal accessibility, allowing even those sectors most underserved by conventional banking, such as freelancers and micro-enterprises, to find solid financial backing. With the possibility of requesting up to one hundred fifty thousand euros, the product moves away from uncertain payment structures to offer fixed weekly installments that are automatically managed through direct debit systems. This financial predictability is fundamental in May 2026, a time when cash flow stability has become the main indicator of health for companies seeking to expand their operations without compromising their short-term viability. The elimination of hidden costs and clarity in conditions allow entrepreneurs to project their investments with a precision that was previously unattainable. The strength of this model lies in the concept of Merchant Cash Advance, a methodology that PragmaGO has perfected in highly competitive European markets and now brings to Spain with specific adaptations for the local market. Historical data collected during the last fiscal year in other geographies reveals a direct correlation between the use of these financial solutions and revenue growth. While businesses that chose not to use external financing experienced significant revenue declines, those that integrated PragmaGO's working capital achieved substantial increases in their turnover. This difference is not accidental, but the result of being able to execute immediate operational actions, such as purchasing inventory on favorable terms or launching acquisition campaigns that require a rapid response to market demands. From Qonto's management, it is emphasized that this partnership is a decisive step to consolidate its position as the most comprehensive financial management platform in Europe. The focus is not solely on providing a bank account or invoicing tools, but on offering a solution that addresses entrepreneurs' most persistent challenge: efficient working capital management. The ability to offer credit based on monthly revenue levels as low as two hundred fifty euros democratizes growth, ensuring that the size of the business structure is not an impediment to accessing high-quality resources. This shared vision by both entities seeks to transform the perception of debt, from being a risk to becoming a strategic competitiveness driver that is managed intuitively from a single digital interface. PragmaGO, which has disbursed financing volumes exceeding two hundred million euros through hundreds of thousands of transactions, brings data analysis capabilities that allow for a much more accurate and fair risk assessment than traditional methods. By analyzing the real performance of sales and the operational behavior of the business, PragmaCash can offer credit limits that adjust to each company's actual capacity, fostering a culture of responsible growth. PragmaGO's presence in Spain, with its operations base in Barcelona, guarantees a deep understanding of the country's regulatory and economic particularities, facilitating a quick response to the changing needs of local users in a context of accelerated digitalization of corporate finance. The integration of GoCardless as a collection mechanism reinforces the automation and security of the process, freeing managers from the administrative burden of manually tracking maturities. In the daily life of an sme, every hour saved in treasury tasks is an hour that can be dedicated to innovation, customer service, or product improvement. This integrated financial ecosystem not only facilitates access to money, but also improves the financial discipline of the business by establishing repayment rhythms that match income generation. The flexibility to use the funds for any business purpose, whether to respond to seasonal demand spikes or to invest in technological improvements, places smes in an advantageous position to navigate economic uncertainty. The commitment of both organizations to transparency is reflected in a cost structure that is understandable from the first minute. In a sector where fine print often hinders decision-making, PragmaCash's offering stands out for its intellectual honesty. The business owner knows exactly how much they will pay each week, eliminating unpleasant surprises that often accompany variable credit lines or loans with complex interest rates. This clarity is the foundation upon which trust between fintechs and the productive sector is built, allowing financing to cease being an anxiety-riddled procedure and become a natural ally of business expansion in Spain during this year 2026.

How Qonto built a borderless engineering team with WorkMotion. Table of Contents Why not think outside the border? Onboard teams in 160+ countries within minutes. Learn how the European banking solution for SMEs and freelancers partnered with WorkMotion to hire compliantly across borders - finding the best talent wherever it lives, without the legal entity headache. At a glance: Qonto. Industry: Fintech / Business Banking Mission: Providing a modern banking and payment solution for SMEs and freelancers across Europe Global Footprint: 1,600+ employees serving 600,000+ customers across 8 European markets Success with WorkMotion: Compliant hiring across multiple European markets through both Employer of Record and Direct Hiring services The challenge: finding the right talent beyond their core markets. Qonto had built a strong hiring presence in its core operating countries - Spain, Italy, Germany, and France. But as the company grew, the People Operations team kept running into the same wall: the right candidate, with the right skills, often wasn't in the country where Qonto had a legal entity. This was especially true for technical roles. "We started hiring in the main countries in which we operate, like Spain, Italy, Germany and France. But it's not always easy to find the right candidates with the right skills in a single country. So we decided to expand the search." Andrea Pavesi, People Operations Manager at Qonto For the engineering team in particular, the talent pool was scattered across Europe - strong candidates were emerging in Portugal, Belgium, Poland, and Romania. Qonto needed a way to hire them quickly and compliantly, without the cost and delay of setting up a new legal entity in every country. The solution: one partner, two hiring models. Qonto needed a partner who could move fast, stay compliant, and handle the operational complexity of multi-country hiring on their behalf. They found that partner in WorkMotion. "The idea was to find a partner that can support us in countries in which we don't have a legal entity, and to be compliant and fast at the same time. We found this solution with the Employer of Record, and in particular with WorkMotion." What set the partnership apart was the flexibility to mix hiring models depending on the country and Qonto's long-term plans there: Employer of Record (EOR): For markets where Qonto wanted to hire quickly without committing to a legal entity. Direct Hiring: Used in Portugal, Belgium, and Austria, giving Qonto a more direct relationship with employees while still leveraging WorkMotion's local expertise. "WorkMotion knows exactly what the best practices are in those countries, and offers a complete service in each country in which we decided to hire people." By having both options under one roof, Qonto could match the right hiring model to the right market - without juggling multiple providers. The results: borderless hiring, fully managed. By offloading the operational and compliance work to WorkMotion, Qonto's People Operations team was able to focus on what actually moves the business forward: finding great people and building a strong culture. 1. Access to a Pan-European Talent Pool: Qonto can now recruit the best engineers across Portugal, Belgium, Poland, Romania, and beyond - not just where it has a legal entity. 2. Compliance Without the Overhead: Local employment law, payroll, and contracts are handled end-to-end by WorkMotion, freeing the internal team from administrative complexity. 3. A True Operational Partner: WorkMotion acts as an extension of Qonto's People team, not just a vendor. "We found their service really effective and useful for us, because everything is managed in terms of operations directly by WorkMotion. I found a real partner with competent people, really kind and precise. And it's a real pleasure to work with them." For Qonto, the partnership reflects a broader philosophy about what good employment looks like today. "Qonto is an employer of the future because we take care of our employees and we offer the best conditions to them, hiring internationally and letting them work from anywhere." Ready to scale your team across Europe? Join companies like Qonto who are hiring the best talent wherever it lives. WorkMotion makes international hiring simple, compliant, and fast - whether through Employer of Record or Direct Hiring.