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European unicorn Qonto aims to build community with crowfund

Source: Qonto

Qonto, the leading European business finance solution, announced today it will run a community Equity raise campaign on leading online investment marketplace Crowdcube.

Community equity raise, a unique way to empower customers
Qonto is the first European unicorn to launch a pan-European community equity raise campaign in partnership with the European platform Crowdcube. The company, which recently raised €486 million in Series D funding, is inviting primarily its clients across its four markets (France, Italy, Spain and Germany) to become shareholders. With this community equity raise, the company's goal is to share its success and part of its journey with its customers, empowering them to become shareholders. Qonto aims at strengthening its existing relationship with its clients and building a European entrepreneurs community committed to supporting its mission.

Qonto has partnered with Crowdcube, the leading European platform for investment into private companies. Crowdcube’s mission is to empower start-ups and scale up customers to become shareholders, enabling them to shape the future of companies they believe in.
Alexandre Prot, Co-Founder, and CEO of Qonto: “Qonto is an entrepreneurship story: created by entrepreneurs for entrepreneurs. Our clients fully understand the value of our service and our company mission. We are, with this community equity raise, taking a step forward and empowering our clients to take part in our journey as shareholders of the company. Customers that decide to join our mission by investing in our company, will not only help us shape our product but also contribute to our success alongside our current prestigious international investors. We are very excited and proud to be the first European unicorn to invite our community to become shareholders.”

Bill Simmons, Chief Operating Officer of Crowdcube: “Our mission at Crowdcube is to democratize investment into private companies by making it more easily accessible to anyone willing to take part in the story and success of the companies they believe in, and for companies to offer their community just that. We are thrilled to partner with Qonto on their first community equity raise campaign and help them build a strong community around their mission and around Europe.”

How will the process work
Qonto will invite primarily its customers over the age of 18 that have access to a Qonto account as Account Holder, Admins, Managers or Accountants in France, Italy, Germany or Spain.

A two phase campaign, starting with a pre-registering session lasting until April 19, will then be followed by the launch of the campaign during which Qonto’s customers who pre-registered will be given first access to invest.
Qonto's main goal with this campaign is to build a powerful community of European entrepreneurs that believes and supports their mission, aiming to involve as many customers as possible.

* on Crowdcube thanks to new regulations on crowdfunding (Regulation (EU) 2020/1503).

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