Qonto
European business account with cards, invoicing and spend management
Qonto is an online business account for SMEs and freelancers combining IBAN, physical and virtual cards, invoicing, expense management, bookkeeping tools and financing. It operates in eight European countries and is supervised as a payment institution by the French ACPR, having applied for a banking licence in 2025. It acquired Penta (Germany) in 2022 and Regate (finance automation) in 2024.
Our reading. Best for SMEs and freelancers in eight EU countries that want a modern business account with cards, invoicing and accounting integrations at a published monthly price.
Strengths
- Largest European neobank for SMEs
- Invoicing, receipts and accountant access built in
- Available in eight EU markets
Limits
- Not a full bank yet (no overdraft-style credit, savings limited)
- Transaction quotas per plan
600,000+ customers in eight countries; €486M Series D at a €4.4B valuation
Valued at €4.4B in January 2022; filed for a French banking licence in July 2025; over 600,000 customers
- 3 Jul 2025 ProductQonto filed for a credit-institution licence with the ACPR, which would let it offer lending, savings and investment products on top of its business accounts. The neobank serves more than 600,000 SMEs and freelancers across Europe and targets two million customers by 2030.