Qonto Secures €600M to Turbocharge Europe’s Business Banking Revolution

Qonto is thrilled to announce a transformative funding milestone, having raised €600,000,000 to further empower SMEs and freelancers across Europe. As the leading European business finance solution, Qonto has consistently reimagined the world of everyday banking, financing, bookkeeping, and spend management from its inception in July 2017 by founders Alexandre Prot and Steve Anavi. This significant funding will bolster Qonto’s mission to simplify business finances, accelerate innovation, and expand its rapidly growing international team, so that hundreds of thousands of customers across the continent can continue to achieve more. The new capital infuses the company with the resources needed to develop cutting-edge solutions, enhance operational efficiency, and scale its services into emerging markets. In doing so, Qonto aims to set new benchmarks in the digital transformation of financial services for modern businesses. The investment reflects a strong vote of confidence from a consortium of leading venture capitals and business angels, including renowned names such as Valar, Alven, the European Investment Bank, Tencent, DST Global, Tiger Global, TCV, Alkeon, Eurazeo, KKR, Insight Partners, Exor Seeds, and Gaingels. Each partner shares Qonto’s vision of reshaping financial management to drive economic growth and innovation. With its proven track record and a continually expanding customer base, Qonto is poised to leverage this funding to accelerate product development, unlock new market opportunities, and further refine its suite of tools designed specifically for today’s agile businesses. This funding announcement marks a new chapter in Qonto’s journey, reaffirming its commitment to transforming the business finance landscape and supporting the engines of Europe’s entrepreneurial spirit.