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Qonto

Neo-accounts for SMEs

120,000+

users

6-month

time-to-market

100% 

Fully digital offer 

  • The project

    In April 2016, Qonto launched a bank account for business clients and was the first of its kind in France. The fintech’s project aims to help businesses and entrepreneurs easily and quickly open a business account, obtain payment cards and accounting services.

    In 2019, Qonto announced it was extending its services to Italy, Spain and Germany.

    In 2021, Qonto became a unicorn (a company valued at over 1 billion dollars).

  • Key market data
    • In Europe, the segment of the SME bank account market is valued at 30 billion euros.
    • In Europe there are more than 23 million SMEs.
    • Qonto raised 10 million euros in 2017 and 20 million in 2018.
    • In 2020, Qonto served more than 100,000 clients.
  • The problem identified by Qonto

    The goal was to offer a service that would simplify the process of opening a business bank account with just a few clicks while including a range of services specific to Qonto.

  • The deployed solution
    • Qonto used Treezor’s API and its Electronic Money Institution license
    • Qonto launched a fully digital offer for entrepreneurs and SMEs
    • Management of the entire regulatory part.
    • Management of the core banking, processing and incoming and outgoing payments.
    • Creation and management of wallets, IBANs and issuing of payment cards.