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“Is qonto a real bank?” It’s one of the suggested questions in Google SearchS Songson the Great Starting. The answer is not, but could change: Arrangement Presented for a bank license in France, CEO Alexandre revealed.
Qonto, which government of European freelancers is currently operating with a payment institution’s license is obtained in 2018, and who has already activated to introduce a form of buying now, pay after (Bnpl). But a credit institution’s license would offer you more wet loans, heating, and investment options in their customers of held.
Since their current license is valid through the EU, Qonto is already throwing up in many European markets, and he frayed the 600 000 customers fail. But missing a credit license is an obstacle for their purpose to reach 2 million customers for 2030.
While offering a more complete solution seems a natural movement to compete with the incumbent banks, you get a license and roll the credit is not easy. That explains End SMBE competitors approached this issue in different ways, and why the Qonto is not exactly obtained catch-up.
The Memo Bank was founded as a bank From the beginning, and offer borrowed to smbs, but that makes an outlier. Furtom operates with an electronic money license (EMI) LicenseBut only started trying the reinforce type test that this regrets in average terrain connected. Revolut has a complete license complete, but other than BNPL, is also to escape credit options to business – Benchy plans to do so this year. I am
However, the power of marketing power that operate both in B2c and B2B and B2B need to speed, especially your French revolution and Ston Paris in its Western HQ Europe. I am
Not mention competitors, protruding the Qonto timing has been driven by “having profitable in front of the schedule in 2023.”
The Son of Ex President of Paribas Bnch Baudouin protThe Qonto’s CEO obviously had already been thinking of pursuing a credit license – and is not only a assumption. During a picture infringing, protected with confirmed that he and coaches steve, Steve is seriously a point, but lately the unpleasant.
Have been profitable by 2023 means that this hinder does not need Qonto to climb funding than the 552 million $ 52 years in 2022 to a $ 5 billion rating. Prot said recently that “the principal, or the only reason why can we collect the additional capital is if we make a big or very large m & a tract, paid for mostly.”
In their eight years of existence, Qonto made two purchases: it it took Their German competiture pens in 2022, was computing to accountant and financial automation pottery Regate in 2024.
The latter is a reflection of Qonto position beyond the bank and as a solution of integrated management, with an offer including instruments.
This approach helping growth in the B2B segment to Europe. Proted to give a full rotting of their 600,000 customers, but she said the Lono’s larger’s market on France in the unspecified tool, Spain and Italy come after, followed by The markets they entered in late 2024: Austria, Belgium, Walking Brown and Portugal.
Also include, opentate under the assembly that at least costs did not choose Qonto unless it is a credit institution. It’s because this companes to guarantee heavily in their deposits, and why you want to credit to be an option if I need, if they never need, that some already do.
Qonto has validated that the credit request with their later service later; Launched in the 2024, he has already done the 50-funding funding of financing, according to the company (approximately $ 59 million). But the offer is limited by their current license – both of the two by qonto, which may only be their own equity, and for their customers, you may not borrow more than 12 months.
To help their customers access other loans types, Qonto also gathered to “Location of funding” With the 3rd party finceech partners Faulty, Karmen, Riverbankand it Silx. I am Prot said IFRO more than held for small first more years. And some of these offers are more specific than what the company can want to get in.
Still, becoming a credit institution unlock new entries for qonto, both principals and more uptide of the deposits, which will be borrowed. Prot rejected to disclose the revenue figures, but he said the income increased by 30% in the last year.
However, Prot said that this additional revenue was not the main factor in game. Acquire new customers, Qounto see this as an opportunity to depends less than others and lasses new products faster. In the same vea, it recently built in-house card processor to increase acceptance fees while reducing its trust in third part.
With a team of 1,600 people, Qonto the hopes that will have the bandwid band “as ai-enhancy” intrastructure of banking squads. “
The latter is also intended to prove her readiness to the bank supervisor of France, with whom she thinks of working near to get their license. The process can also take years but it is also part of an effort for an qonto, that has added recentness to their directors. These stages could help them put on the ground for a future iPo, even that remains a longer perspective.
