This Qonto company profile covers the company's valuation, revenue, funding rounds, investors and history. Qonto works in fintech, with a focus on business accounts for SMEs and freelancers. It was founded in 2016 and is headquartered in Paris, France. Its latest valuation on record is US$5 billion (about €4.4 billion) (January 2022). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.
Revenue
€495.4 million net banking income, up 10.4% — Net banking income, 2025 (as reported), as of FY2025. Source: Boursedescredits.
| Metric | Value | As of | Source |
|---|---|---|---|
| Net profit | €92.8 million in 2025, down 36% from €144.4 million in 2024; €71 million in 2023 | FY2025 | Boursedescredits |
| Customer deposits | €9.7 billion held in customer accounts | FY2025 | Boursedescredits |
Funding history
| Date | Round | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Jan 2022 | Series D | €486M (US$552M) | US$5B | Tiger Global and TCV (co-leads) | MySweetImmo |
Qonto timeline
Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.
- 2016 — Qonto is founded in Paris by Alexandre Prot (CEO) and Steve Anavi.
- Jan 2022 — Series D: €486M (US$552M), valuing the company at US$5B. Investors: Tiger Global and TCV (co-leads).
- FY2025 — Net profit: €92.8 million in 2025, down 36% from €144.4 million in 2024; €71 million in 2023.
- FY2025 — Customer deposits: €9.7 billion held in customer accounts.
Investors
Overview
Qonto provides online business accounts and financial tools for small and medium-sized businesses and freelancers in Europe. Customers open an account online in minutes and get payment cards, transfers, invoicing, expense management, bookkeeping tools and integrations with accounting software. It has become one of the leading business finance platforms in Europe, operating in France, Germany, Italy, Spain and other markets.
Alexandre Prot, the CEO, and Steve Anavi founded Qonto in Paris in 2016, launching the product in 2017. Both had previously run a startup and found opening and running a business bank account slow and frustrating. Qonto became one of France's best-known fintech companies and has been profitable since 2023.
How Qonto makes money
Qonto charges monthly subscription fees, with plans priced by the size of the business and the features included, such as the number of cards, users and transfers. It also earns interchange fees on card payments, income on customer deposits, and fees for additional services like financing. Because subscriptions make up a large share of revenue, its income is more predictable than for fintechs that rely mainly on transaction fees.
2025 results
According to French press reports on its 2025 accounts:
- Net banking income: €495.4 million, up 10.4%, slowing from 44% growth in 2024.
- Net profit: €92.8 million, down 36% from €144.4 million in 2024, but still its third consecutive profitable year. Profit was €71 million in 2023.
- Customer deposits: €9.7 billion.
The fall in profit was attributed mainly to higher operating costs from expansion and a heavier tax charge. Net banking income is the standard French measure of a financial firm's revenue after interest costs, so it isn't directly comparable with gross revenue at other companies.
Customers and growth
Qonto reported more than 600,000 business customers in July 2025, and has set a target of 2 million by 2030. It has grown both organically and through acquisitions, including Penta in Germany and Sushee in Italy, which helped it expand outside France.
Funding history
Qonto raised several venture rounds from investors including Valar Ventures, Alven and DST Global. Its largest was the January 2022 Series D: €486 million (about US$552 million) co-led by Tiger Global and TCV at a US$5 billion valuation, then a record for a French fintech. We haven't found a newer priced round. Given that 2022 was the market's peak, any new round would set a fresh marker; profitability means Qonto doesn't need one.
The banking licence
Qonto has operated as a licensed payment institution, partnering with banks for some services. In July 2025 it applied to French regulators for a credit institution licence, which would let it offer lending and a wider range of banking services directly. Approval would make it a full bank, with stricter capital rules but more ways to earn money from customers.
Competitive landscape
Qonto competes with traditional banks' business accounts, other European business fintechs such as Revolut Business, N26 Business and Finom, and with expense management tools. It is often compared with Mercury in the US. Its advantages are a strong brand among French small businesses, profitability, and a product built specifically for European SMEs.
What to watch next
Watch the banking licence decision, customer growth towards its 2030 target, expansion in Germany, Italy and Spain, profit trends, and any new funding or IPO plans.
Key facts at a glance
Qonto is a Paris business finance company founded in 2016 by Alexandre Prot and Steve Anavi. It reported net banking income of €495.4 million and net profit of €92.8 million in 2025, had €9.7 billion in customer deposits, and more than 600,000 business customers in mid-2025. It was valued at US$5 billion in a January 2022 Series D co-led by Tiger Global and TCV.
Why SME banking suits fintechs
Small businesses are often poorly served by large banks. Opening an account can take weeks, fees are opaque, and digital tools lag behind consumer apps. Yet small businesses are loyal once set up, and they generate steady fees from cards, transfers and subscriptions. A fintech that makes onboarding fast and adds useful tools like invoicing and bookkeeping can win customers and keep them for years. The challenge is scale: each customer pays a modest amount, so growth requires reaching hundreds of thousands of businesses efficiently.
Revenue growth versus profit
Qonto's 2025 results show a common trade-off. As it invested in expansion, profit fell even though revenue grew. Investors generally accept this if the investment builds future growth, but they watch whether revenue growth reaccelerates. Our guide to finding private company revenue explains how to use public filings like Qonto's to track such trends.
How Qonto expanded across Europe
Expanding a financial services company across Europe is harder than it looks. Although EU rules allow licensed payment firms to operate in other member states, each country has its own language, accounting rules, tax systems and business habits. A French bookkeeping integration doesn't help a German freelancer. Qonto's approach has combined organic launches with acquisitions of local players that already had customers and product knowledge in their markets, such as Penta in Germany and Sushee in Italy. Integrating acquired companies takes time and money, which helps explain why its costs rose in 2025.
The prize is large. Europe has tens of millions of small and medium-sized businesses and freelancers, and many still use traditional banks for their business accounts. Qonto's target of 2 million customers by 2030 assumes it can repeat its French success in the larger markets of Germany, Italy and Spain.
Questions to ask when choosing a business account
- What are the monthly fees, and what is included in each plan?
- How quickly can you open the account, and what documents are needed?
- Does it connect to your accounting software and your accountant's tools?
- Can you get financing, or only payments and cards?
What this means if you're…
A small business owner in Europe: compare business accounts on monthly fees, card and transfer limits, integrations and support.
A fintech founder: Qonto shows that subscription-based business banking can be profitable at scale.
An investor: compare its 2022 valuation with today's revenue and profit to judge where a new round might price.
Latest developments (October 2026)
Qonto applied for a French banking licence in July 2025, which would let it offer lending, savings and investment products, according to Tech.eu, and it had more than 600,000 business customers at that time. In July 2026 it announced the acquisition of Acasi, according to Wikipedia. Its 2022 valuation of about US$5 billion remains the latest priced figure; its chief executive has said new capital would mainly be needed for a large acquisition.
Sources
Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.
Frequently asked questions
What does Qonto do?
Qonto is a fintech / business accounts for smes and freelancers company headquartered in Paris, France. It was founded in 2016.
What is Qonto's valuation?
Qonto was valued at US$5 billion (about €4.4 billion) as of January 2022, according to Wikipedia. Private company valuations are set at funding rounds or share sales and can change significantly between them.
How much revenue does Qonto make?
Qonto reported €495.4 million net banking income, up 10.4% (net banking income, 2025 (as reported)) as of FY2025, according to Boursedescredits.
What was Qonto's latest funding round?
The most recent financing we have verified is a series d in Jan 2022: €486M (US$552M), at a valuation of US$5B. Source: MySweetImmo.
Who are Qonto's investors?
Investors named in public announcements include Tiger Global, TCV, Valar Ventures, Alven and DST Global.
Who founded Qonto?
Qonto was founded in 2016 by Alexandre Prot (CEO) and Steve Anavi.
Is Qonto a public company?
No. Qonto is a private company (private, venture backed), so its shares are not traded on a stock exchange and it isn't required to publish its financial results.
Where is Qonto headquartered?
Qonto is headquartered in Paris, France.