Qonto raises $1.7M to reinvent the banking experience for startups and SMEs

News

Alven Capital has led a $1.7M seed financing for Qonto, joined in the round by Valar Ventures, the venture capital fund backed by Peter Thiel, and business angels.

Alven Capital has led a $1.7M seed financing for Qonto, joined in the round by Valar Ventures, the venture capital fund backed by Peter Thiel, and business angels.

Qonto aims to become the next generation bank for entrepreneurs, SMEs and startups by providing an online service that will allow them to create an account in less than 5 minutes, instantly receive an IBAN and get started to manage the company’s physical and digital business cards and perform their day to day operations.

This new service will keep three priorities in mind : save time, improve the financial visibility and save banking fees.

The company was started by Alexandre Prot and Steven Anavi, previously successful founders of Smokio, an Alven Capital portfolio company acquired in 2016. Qonto will enter into beta phase in March and become available to a broader audience by the summer.


Share

Indy, the leading accounting automation platform for sole traders and freelancers, has raised €40 million ($44 million) in a Series C funding round led by BlackFin Capital Partners

The fresh cash injection takes the start-up’s total capital raised up to €86 million to date and follows its €35m Series B…

Read

Planity, the leading French booking platform for the beauty industry, raises $50 million Series C to drive international expansion

Founded in 2017, Planity is the market-leading online booking SaaS platform for the beauty industry, supporting 25% of hair and beauty salons across France….

Read

Stoïk raises €10 million and expands to Germany

Since raising €11 million in an a16z-led Series A round in June of 2022, Parisian SME-focused insurance and cybersecurity software provider Stoïk has today announced the…

Read