Qonto, the néobanque small businesses, officially opens its service and accelerate its growth, with a second fundraising.
Download the free guide
Boost your gains
Paris, July 3, 2017
Only 6 months after a first round boot, Qonto announces a new fundraising of € 10 million with its two main investors : Valar Ventures and Alven Capital.
This second round table kicks off the official opening of the service to all small businesses in france.
Official link : https://qonto.eu
“Provide small businesses the level of services that they deserve”
“We have created Qonto to provide small businesses the level of services that they deserve. We do not, of course, not bankers, but we are serial entrepreneurs. Starting from a blank page, we’ve taken the technological standards and product of Google, of customer service of Amazon, and pricing in the sector of SaaS. We were also able to surround ourselves with the best partners to our back office banking.
Our approach is agnostic represented a huge gamble, but the feedback we have had from our 200 users in the beta are final and without appeal and promising for the future. We are honored by the trust of our users, the 20 talented individuals who have joined our team, and our investors.” Alexandre Prot and Steve Anavi, co-founders of Qonto
An alchemy between a market opportunity, vision and execution copies
This new round includes existing investors of the lifting of the boot : Valar Ventures, a us fund specialist Fintech (TransferWise, N26 – ex Number26, etc), created by Andrew McCormack and James Fitzgerald with the support of Peter Thiel (founder of PayPal and first investor of Facebook) and Alven Capital, one of the leading independent venture capital in France (Stripe, Drivy, Frichti, Algolia, Dataiku or PeopleDoc).
“Impressed by the exceptional speed at which the teams Qonto went from concept to product, we decided to give them the means to accelerate their development, and to give life to their ambitions : to offer small businesses a high quality of banking services unique in Europe.” James Fitzgerald, Partner at Valar Ventures.
“The finding of lack of banking service tailored to small businesses is widely shared. Only teams of Qonto have convinced us that they will not be able to solve this problem ; they were encouraged and set in motion very quickly banking partners and technological quality, a talented team and a community of “early adopters” who heaps praise on the service.” Raffi Kamber, Partner Alven Capital.
In fact, Qonto account among its first users experienced entrepreneurs, who have found in the néobanque a service finally adapted to their needs :
“I am convinced that we are going to see the emergence, in France, a true champion of Fintech.
We were the first users of Qonto : we have instantly been able to empower each member of our team and give them access to means of payment and financial monitoring, allowing them to spend less time on administrative tasks so they can focus on their missions.
Now I know what to answer to all the startups in the ecosystem which we asked them to recommend a bank : “Opens a Qonto. “.” Oussama Ammar, founder of TheFamily.
“Qonto is 100% in line with what we do at Alan : a simple to use interface, really thinking for the user and a customer service ultra responsive !” Jean-Charles Samuelian, founder of Alan, the leader of the health insurance 2.0 for startups and SMES.
Qonto : faster, simpler, more fluid and less expensive
5 minutes ! This is the time needed to open an account without any fees on Qonto for any French company existing or being created.
The current management is then charged from 9 HT/month, no commitment and no hidden fees.
With a current account (IBAN French), the company has one or more payment cards, and an interface with modern tools to easily manage its activity.
Much more than a bank account, Qonto is a service :
– 100% on-line : all of the processes are digital (opening the current account in 5 minutes, instant access for the IBAN, order MasterCard Qonto).
– Modern and mobile : each time a card payment, a notification is sent to mobile and email, to track expenditure in real time, and take a photo of the receipt.
– Designed for teams : each employee can track his transactions and conduct its proceedings via a dedicated access and secure.
– That simplifies the financial tracking and accounting follow-up of its finances : transactions are automatically analyzed for ease of accounting.
– With a customer support very responsive : available 5j/7 via email, chat and social networks, with an average response time of 1 hour maximum.
– With charges being clear and transparent, adapted to all sizes of businesses.
About Alven Capital
ALVEN CAPITAL is a fund of venture capital early stage independent, which manages more than 500M. Alven mainly supports companies founded by French entrepreneurs in the IT sector (AI, Big Data, Saas, security,…) and in the digital marketplaces and web brands including). Alven Capital has already invested in over 100 companies since 17 years in Europe, Dataiku, Drivy, Gemmyo, Birchbox, Openclassrooms, Webhelp, SeLoger.com, Happn, Wit.I, Captain / Train Trainline, Bime Analytics, Frichti, Tinyclues, iAdvize, Peopledoc, Liligo, Wynd, Algolia, Akeneo, Meilleursagents, etc For more information: http://www.alvencapital.com
About Valar Ventures
VALAR VENTURES is a fund based in New York and founded by Andrew McCormack, James Fitzgerald and Peter Thiel. The vision principal of Valar Ventures is to launch a growing number of technology companies that are disruptive to the outside of the Silicon Valley and the United States, and that the founders of these companies benefit from an american partner able to understand their challenges and opportunities to assist them in their growth.
For more information : http://www.valar.com
About Qonto
QONTO was created in April 2016 by Alexandre Prot and Steve Anavi, and employs one in twenty people in Paris. The two co-founders decided to launch Qonto after the acquisition of their first company Smokio by a Fortune 500 company. In fact, frustrated with their banking experience – time-consuming, opaque, and poorly suited to their needs as entrepreneurs, and having found no bank that can meet their expectations, they chose to build the service themselves, of which they dreamed.
More information on : https://qonto.eu
Download the free guide
Boost your gains
