Alexandre Prot, Co-Founder& CEO
In today’s digital landscape, neobanks have gained massive traction, leading people to look for an online banking solution that stands out from the competition. With a very clear value proposition to streamline financial management for its clients, Qonto is one such company that has stood out. The company evolved from the frustration of its two co-founders, AlexandreProt and Steve Anavi, who had previously co-founded another firm initially. They were seeking a bank that would meet their requirements for transparency, excellent customer service, and access to their day-to-day company management tools. Traditional banking was not only time-consuming and difficult, but it also lacked current technologies suitable for forward-thinking businesses. Business banking should be efficient, appealing, and cost-effective. Recognizing that startups and SMEs have been underserved for far too long and that traditional financial institutions have failed to provide a banking experience tailored to the requirements of businesses, the two founders decided to address these dissatisfactions by creating the service they would have liked to utilize as entrepreneurs. With this goal in mind, Qonto was born.
‘Pay a monthly fixed fee to use all of the bank’s services through one app.’
This single phrase encapsulates the Qonto model, which is similar to those of other neobanks that have lately gained momentum. However, the Qonto caters its services solely to corporate clients, entrepreneurs, freelancers, and small businesses.
As opposed to traditional banks that offer a free account in return for direct debiting, Qonto provides all services for a preset price.
The French startup Qonto, does all of this with the help of its unique financial solution that provides a professional current account, payment cards, and tools that help businesses with banking and accounting. The solution is set up in a way that all businesses appreciate thanks to its technology, appealing design, and great sense of customer care. As a neobank for SMEs and freelancers, Qonto offers payment services and other financial services that are completely online and mobile current accounts, with a seamless and contemporary interface, at a reasonable and transparent price. Businesses can also use Qonto to choose the payment methods that best fit their needs to stay on top of expenditures and enhance their financial management methods.
As one of the first-ever bank mobility services for professionals, Qonto assists in the easy transfer of business accounts, saving time and relieving users of all the paperwork that traditional banks require. Businesses can set up an account with Qonto in ten minutes by entering personal, shareholder, and corporate information as specified in the by-laws. Thereafter, the user can deposit their share capital. Each partner should deposit their share capital with a single transfer, whereby the user will receive a fund deposit certificate through email within 72 hours. To finish the registration, Qonto will require the organization’s registration paperwork so that transactions can take place.
As one of the first-ever bank mobility services for professionals, Qonto assists in the easy transfer of business accounts, saving time and relieving users of all the paperwork that traditional banks require
With a strong value proposition already in place, Qonto has already expanded its company to other countries like Spain, Italy, and Germany. Along with the geographical expansions, the company is also striving towards providing more features that enable its clients to handle transfers in multiple currencies. In the upcoming years, businesses will also be able to connect their Qonto accounts with other financial providers such as PayPal and GoCardless and will also be able to monitor and manage payments across many platforms from a single, unified interface.