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
-
Sectors
Financial ServicesTechnology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Olinda Sas
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$717.15 M (USD)
in 7 rounds
-
Latest Funding Round
$5.42 M (USD), Series D
Apr 21, 2022
-
Investors
Tencent
& 19 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
Penta Bank
& 1 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Qonto
Qonto offers a comprehensive portfolio of products and services, including Business Account, Payment Cards, and Invoicing Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
Unlock access to complete
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
Unlock access to complete
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
-
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 |
|
| Jan, 2022 | Amount | Series D - Qonto | Valuation | TCV , Tiger Global Management | |
| Feb, 2021 | Amount | Series B - Qonto | Valuation | HV Capital , RTP Global |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital firm focused on multiple sectors
|
Founded Year | Domain | Location | |
|
VC fund focused on equity markets
|
Founded Year | Domain | Location | |
|
Venture capital is invested in global technology companies by TCV.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Cloud-based invoicing and payment management solutions are provided for businesses.
|
2020 | ||||
|
Digital banking services for SMEs are provided via mobile app.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Qonto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tide is recognized as a digital banking platform for businesses.
|
|
| domain | founded_year | HQ Location |
AI and cloud-enabled source-to-pay automation solutions are provided for businesses.
|
|
| domain | founded_year | HQ Location |
Digital banking services are offered to freelancers and self-employed professionals.
|
|
| domain | founded_year | HQ Location |
Digital banking services for SMEs are provided via mobile app.
|
|
| domain | founded_year | HQ Location |
Digital bank for businesses
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Qonto
Frequently Asked Questions about Qonto
When was Qonto founded?
Qonto was founded in 2017.
Where is Qonto located?
Qonto is headquartered in Paris, France.
Who is the current CEO of Qonto?
Alexandre Prot is the current CEO of Qonto. They have also founded this company.
Is Qonto a funded 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.
What does Qonto do?
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.
Who are the top competitors of Qonto?
Qonto's top competitors include Tide, Penta Bank and Kontist.
What products or services does Qonto offer?
Qonto offers Business Account, Payment Cards, and Invoicing Tool.
How many acquisitions has Qonto made?
Qonto has made 2 acquisitions, including Penta Bank, and Regate.
Who are Qonto's investors?
Qonto has 20 investors. Key investors include Tencent, KKR, Eurazeo, European Investment Bank, and Exor.
What is Qonto's valuation?
The valuation of Qonto is $5B as of Jan 2022.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.