French startup Qonto has raised another €10 million from existing investors Alven Capital and Valar Ventures

Qonto, the neobank of small businesses, officially opens its services and increases their growth, with a second fundraising.

Only 6 months after a first round, Qonto announces a new €10M fundraising with its two main historical investors: Valar Ventures and Alven Capital.

This second round kicks off the official opening of services to all small French businesses.

Qonto: faster, simpler, cheaper and flows more

5 minutes! This is the time it takes to open an account at no cost with Qonto for any French company, existing or in the process of being set up.

The daily management is then invoiced from 9€ HT/month, without commitment or hidden fees. With a checking account (French IBAN), the company has one or more payment cards and an interface with modern tools to easily manage its activity.

More than just a bank account, Qonto is a service:

  • 100% online: all processes are digital (opening of checking account in 5 minutes, instant IBAN, operates with Qonto Mastercard).
  • Modern and mobile: for every payment by card a notification is sent to your mobile and by email, allowing you to follow your expenses in real time, and to photograph the receipt.
  • Designed for teams: each employee can follow their transactions and carry out their procedures and take steps through dedicated and secure access.
  • Simplifies financial and accountable follow-up of finances: the transactions are automatically analyzed to facilitate accountability.
  • Provides highly responsive customer support: can be reached 5 days a week via email, chat and social networks, with an average response time of 1h maximum.
  • With clear and transparent pricing, suitable for companies of all sizes

This new round includes historical investors in the collection: Alven Capital and Valar Ventures, an American fund specializing in Fintech (TransferWise, N26 – ex Number26, etc.), created by Andrew McCormack and James Fitzgerald with the support of Peter Thiel (Founder of PayPal and first Facebook investor)

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