“What is the Qonot of the actual bank?” As one of the suggested questions in the Google search on the search on the start of Ftechitetech Friendly. Answer no, but can change: Adjustment It has filed a banking license in France, COO Alexandre Pro revealed.
Qonto, a European Freelancer target, which is currently underway with the payment encouraged license obtained in 2018, and that has been activated to introduce The form of purchase now, pay later (Bnpl). But credit institutions licenses will allow offer options, savings, and more preferences for target customers.
Since the current license is true in the EU, the qonto is able to zoom in to some European markets, and recently reached the 600,000 customers’ milestone. But low credit licenses are obstacles for purposes to reach 2 million customers by 2030.
While offering the more you make a more natural solution to compete with the incumbent banks, get a license and playing credit is not easy. That explains that the Qonto competitor is qonto has approached this problem in a different way, and why the Qonto does not exactly play catch.
Bank memo is founded as a bank From the beginning, and it offers a loan for SMBS, but it makes it additional. Finom operates With an Electronic Money Institution License (EMI)However, but only started testing the loan type that the center of the center of this regulatory allows. Swimming has a full lithuanian license, but other than Bnpl, has not play credit options for business – although plan to do this this yearSee rankings-.
Still, the powers of competitary marketing are used in B2C and B2B may be a sign that the qonto is required to speed the plan to find a French license and Paris turns to be western HQ HQSee rankings-.
Not mentioning the competitors, the protest said that the qonto period is driven by “it has received a first gain of scheduling in 2023.
The former son of President Bnp Paribas Baudouin ProtCEO qonto has clearly has been thinking about making credit license – and it’s not just guessing. During the Pers, Prot confirmed her and council Steve Anuna seriously assumed the idea at one point, but eventually eliminated because it takes a lot of time and extra.
Has been gained since 2023 means this odds is not required to require the qonto to increase funding more than $ 552 million covered in 2022 In the value of $ 5 billion. Prot recently said That “major, or only reason, why can we add additional capital is that we do a great issue of M & a great job, usually in cash.”
In eight years there, qonto has made two acquisitions: take over German penta German in 2022, and automation and financial platforms Regattas In 2024.
The latter is a promotion of the qonto position exceeds Banking and as an integrated financial management solution, by its offer also includes tools for invoike and bookkeeping.
This approach helps grow in part B2B throughout the European. Prot declined to provide complete breakdown of 600,000, but said that Germany is the largest present in France. In unspecified order, Spain and Italy arrived next, followed Market Sign in late 2024: Austria, Belgium, Dutch, and Portugal.
Still, protest protected by some customers do not choose the qonto except as a credit institution. This is because this will be guaranteed additional for deposits, and because they want credit to be an option if they need, what you have done.
Qonto validation validation that is expected to credit with a paid service; Launched on 2024, it has been easily charged € 50 million to finance, according to the company (about $ 59 million). But the offer is limited to the current license – for the qonto, which can only borm your own equity, and for customers, which cannot borrow more than 12 months.
To help customers access other type loans, qonto is also attached together “Huing financing” with a third party partner partner includes Beg, Carmen, Riverbankand SilvrSee rankings-. Prot said the Qonto plan so at least a few years later. And some of these contents are more specific than the company you want.
Still, it is a credit institution at the moment itself will unlock new to qonto, both of the boundaries in credits and more of the deposits, which will work for the loan. Prot declines to tell the income figure but say that income is 30% increase in the past year.
However, the protest says this additional income is not a major factor in playing. Acquiring new customers, Qonto also see this as an opportunity to give less than anyone else and start new products. In the same vein, it began to rebuild the card processor at home to increase the receiver rates when they reduce the third realane.
With a team of 1,600 people, qonto is now hope to work on new products, such as the qonto layers “are activated, and also increases the risk of risk management.
The latter is also intended to demonstrate readiness for French banking supervisor, which can be used to obtain license. The process still takes several years, but also as a “grow” growth for qonto, which is now adding some senior profile to the director. The steps can also help through the ground for future IPO, even if it remains a longer prospect.
