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Business banking startup Qonto raises $552 million at $5 billion valuation
source link: https://fintechranking.com/2022/01/11/business-banking-startup-qonto-raises-552-million-at-5-billion-valuation/
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Business banking startup Qonto raises $552 million at $5 billion valuation
French startup Qonto has raised a $552 million Series D funding round (€486 million). Following this investment, the startup has reached a valuation of $5 billion (€4.4 billion). This is one of the largest rounds in the French tech ecosystem.
Qonto is a challenger bank focused on business bank accounts. The startup focuses primarily on small and medium companies as well as freelancers. It currently operates in France, Germany, Italy and Spain.
Read more: TechCrunch
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