France based challenger bank focused on businesses raised €486m in Series D funding led by Tiger Global and TCV.
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Qonto raises €486m in Series D funding
“Around a third of our customers created their companies with us. It’s their first account and the only one that they use,” Alexandre Prot said. “Two-thirds of our customers are companies that existed before they opened an account with us. Roughly half of them close their existing bank account, half of them use Qonto in parallel with one or several accounts.”
