/wholesale banking

News and resources on transaction banking, corporate banking and supply chain finance.

French fintech for SMEs Qonto achieves €4.4 billion valuation

Qonto, the French scaleup offering a business account to European SMEs, has achieved a €4.4 billion valuation on a €486 million Series D funding round

  9 Be the first to comment

French fintech for SMEs Qonto achieves €4.4 billion valuation

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Founded in 2017 by Steve Anavi and Alexandre Prot, Qonto serves more than 220,000 clients in four countries - France, Germany, Italy and Spain - and employs more than 500 staff in Paris, Berlin, Milan and Barcelona.

The company offers a one-stop shop for SME and freelance business finance, from everyday banking and financing to bookkeeping and spend management

The latest round is jointly led by new investors Tiger Global and TCV, joining current backers Valar, Alven, DST Global and Tencent. Since its creation, Qonto has raised a total of €622 million.

The company says the new funding will be deployed to explore acquisition opportunities, reinforce growth in existing markets while expanding further across Europe, and quadruple its team to more than 2,000 by 2025.

Alexandre Prot, co-founder and CEO of Qonto, comments: “This new Series D funding round is an amazing opportunity for us to accelerate our hyper-growth trajectory by investing in our product, our customer service and our power to attract new talents."

Sponsored [Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming Mandates

Related Company

Keywords

Comments: (0)

[Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming MandatesFinextra Promoted[Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming Mandates