Qonto Banking License

Compare qonto and other online business banking services.

Qonto banking license.

Qonto obtained a payment institution license in june 2018 and has developed its own core banking infrastructure. The european investment bank also became an investor. Cogni is a new digital banking platform that brings you curated brands and experiences while helping manage your spend. Qonto offers a professional current account payment cards and features that make banking and accounting easier for companies.

Around 50 of the company s user base is currently using qonto s own core. In december 2018 the company had 25 000 companies using the service. When we launched qonto in july 2017 we chose support from treezor a partner payment services provider. Comparison made on may 5 2020.

The acpr and is subject to regular controls and compliance checks. Always know how much money you have get on top of your spending with instant notifications every time you pay for something with a balance that updates immediately not days later. Business online banking comparator. Dédiée aux pme memo bank veut concurrencer qonto 23 06 2020 à 19h19.

The uk s fastest growing bank is coming to the us. This collaboration soon enabled us to offer a new business banking account to all companies looking for an alternative to their traditional to make transfers pay by card and receive payments. As alex and steve were building their first company smok io bought in 2015 together they were very frustrated with their own banking experience. Le groupe memo bank fort d une licence bancaire et d une levée de fonds de 20 millions d euros.

Just a little more than a year after its public product launch qonto the new digital bank for smes and freelancers has just raised an additional 23 million in funding from its existing shareholders valar and alven capital and welcomes european investment bank eib group as a new investor this represents the largest round of funding for a french digital banking startup till date. However qonto is supervised by the same authority as the major french banks. Qonto holds a payment institution license and so it isn t technically a bank. The idea of qonto was born out of frustration.

It was not only time consuming and complex but also didn t include modern tools to suit progressive companies.