[ Qonto raises $11.4M in Series A ]

Qonto has raised $11.4 million in Series A funding.

Founded in 2016, Qonto offers online banking services to small businesses by blending engineering, process optimization, and elegant design. The company presents itself as the first fully online SME financing tool. Qonto provides an online banking service that allows entrepreneurs, startups and SMEs to create a bank account in less than 5 minutes.

The new financing  will be used by the French startup to expedite the development of their online banking platform and offer its services to small businesses.

Funding  Series A
Founded  2016
Country  France
City  Paris, Ile-de-France
Founder / CEO  Alexandre Prot
Deal Size  $11.4M
Investors  Alven Capital
 Valar Ventures
Previous Investors  same as above