About Qonto
Qonto is a company based in Paris (France) founded in 2017 by Alexandre Prot and Steve Anavi. Qonto has raised $717.15 million across 7 funding rounds from investors including Tencent, KKR and Eurazeo. Qonto has completed 2 acquisitions, including Penta Bank and Regate. Qonto offers products and services including Business Account, Payment Cards, and Invoicing Tool. Qonto operates in a competitive market with competitors including Tide, Esker, Kontist, Penta Bank and SardexPay, among others.
- Headquarter Paris, France
- Founders Alexandre Prot, Steve Anavi
- Stage Unicorn
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Sectors
Financial ServicesTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Olinda Sas
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$717.15 M (USD)
in 7 rounds
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Latest Funding Round
$5.42 M (USD), Series D
Apr 21, 2022
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Investors
Tencent
& 19 more
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Employee Count
Employee Count
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Investments & Acquisitions
Penta Bank
& 1 more
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Products & Services of Qonto
Qonto offers a comprehensive portfolio of products and services, including Business Account, Payment Cards, and Invoicing Tool.
Platform for managing business payments and finances securely
Physical and virtual cards for transactions and spending control
System for creating and tracking invoices in multiple currencies
People of Qonto
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Software Development Team
94 people
Senior Team
74 people
Product Management Team
74 people
Customer Team
38 people
Operations Team
29 people
Data Analysis and Operations Team
28 people
Staff Team
20 people
Human Resources and Administration
18 people
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Funding Insights of Qonto
Qonto has successfully raised a total of $717.15M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $5.42 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series D — $5.4M
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First Round
First Round
(16 Jan 2017)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series D - Qonto | Valuation |
investors |
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| Jan, 2022 | Amount | Series D - Qonto | Valuation | TCV , Tiger Global Management | |
| Feb, 2021 | Amount | Series B - Qonto | Valuation | HV Capital , RTP Global |
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Investors in Qonto
Qonto has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Tencent, KKR and Eurazeo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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VC fund focused on equity markets
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Founded Year | Domain | Location | |
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Venture capital is invested in global technology companies by TCV.
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Founded Year | Domain | Location |
Investments & Acquisitions by Qonto
Qonto has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Penta Bank and Regate.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based invoicing and payment management solutions are provided for businesses.
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2020 | ||||
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Digital banking services for SMEs are provided via mobile app.
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2016 |
Financial Statements - Qonto
Qonto Comparisons
Competitors of Qonto
Qonto operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tide, Esker, Kontist, Penta Bank and SardexPay, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tide is recognized as a digital banking platform for businesses.
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| domain | founded_year | HQ Location |
AI and cloud-enabled source-to-pay automation solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Digital banking services are offered to freelancers and self-employed professionals.
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| domain | founded_year | HQ Location |
Digital banking services for SMEs are provided via mobile app.
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| domain | founded_year | HQ Location |
Digital bank for businesses
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Frequently Asked Questions about Qonto
Qonto was founded in 2017.
Qonto is headquartered in Paris, France.
Alexandre Prot is the current CEO of Qonto. They have also founded this company.
Qonto is a funded company, having raised a total of $717.15M across 7 funding rounds to date. The company's 1st funding round was a Series B of $8.27M, raised on Jan 16, 2017.
Qonto was founded in 2017 in Paris, France, as a fintech provider of subscription-based digital banking services targeted at small and medium-sized enterprises and freelancers. Operations are supported through partnerships, with modules encompassing business accounts, payment cards, wire and bulk transfers, POS processing, invoice handling, expense tracking, bookkeeping tools, reporting features, and accountant integrations. API access is also enabled for data retrieval and payment initiation.
Qonto's top competitors include Tide, Penta Bank and Kontist.
Qonto offers Business Account, Payment Cards, and Invoicing Tool.
Qonto has made 2 acquisitions, including Penta Bank, and Regate.
Qonto has 20 investors. Key investors include Tencent, KKR, Eurazeo, European Investment Bank, and Exor.
The valuation of Qonto is $5B as of Jan 2022.