Turnover: ()
Country: France
Fast-growing fintech, online payment system, present in France, Spain, Germany and Italy
News
French Tech: Qonto acquires fintech Regate 07/03/2024
- The Regate start-up, acquired by Qonto, was created in 2020.
- Regate has attracted 10,000 companies in less than four years.
- Regate has raised €27 million, notably from Valar Ventures.
- Qonto has 450,000 customers. Qonto will grow from 1,400 to 1,500 employees following the acquisition.
- Qonto is available in four European countries: France, Germany, Spain and Italy.
- Regate also has 500 customers among chartered accountants.
- Qonto has raised €486 million in 2022.
- Qonto has increased its revenues by 50% in 2023. Qonto acquired German competitor Penta in 2022.
Qonto ready to accelerate in France and abroad 21/11/2023
- Qonto currently has over 400,000 business customers, and is aiming to pass the million mark by 2025.
- The company is well positioned with professionals, the self-employed and small SMEs, and is now targeting larger companies.
- Qonto has 1,300 employees and plans to strengthen its teams dedicated to the French market.
- The neobank plans to expand its partnerships in financial products, credit and potentially insurance.
- Qonto is expanding rapidly in Germany, where it has just completed the integration of its rival, Penta.
- The company was valued at 4.4 billion euros at its last financing round in January 2022, and raised 486 million euros in this round.
The concentration of neobanks is underway. 17/10/2022
- Neobanks account for 10% of market share
- 2% of French people have made neobanks their main banking establishment
- Nearly half of neobank customers now subscribe to a paying offer
- Orange Bank, an Orange subsidiary with losses of 880 million euros in 5 years, is up for sale
- In July, Qonto acquired its German competitor Penta
- German N26 losses 172.4 million euros in 2021 (150.7 million in 2020).
Why is neobank Qonto giving up its leasing license? 16/09/2021
- Qonto employs 450 people
- Qonto announces a financing round of 104 million euros and applies for credit approval
- To qualify for a loan, companies must have been Qonto customers for one year, and generate at least 100,000 euros in flows over one year
- The neobank aims to target SMEs with over 200 employees
- The company has almost doubled its workforce, from 250 to 450, in the space of a year and a half.
- Start-up targets 500,000 customers by 2023
Financial Data
DUNS: 819489626
Legal Name: OLINDA
Address: 18 RUE DE NAVARIN , 75009 PARIS 9
Number of employees: 0 salarié (2022)
Capital: 296 518 EUR
Financial Data:
| Year | 2017 |
|---|---|
| Turnover | 124 232 |
| Gross margin (€) | 448 774 |
| EBITDA (€) | -2 317 319 |
| Operating profit (€) | -2 337 918 |
| Net profit (€) | -2 091 759 |
| Turnover growth rate (%) | - |
| Ebitda margin rate (%) | -1 865,3 |
| Operating margin rate (%) | -1 881,9 |
| Working Capital (turnover days) | -444,8 |
| Working Capital requirements (turnover days) | -535,2 |
| Net margin (%) | -1 683,8 |
| Added value / Turnover (%) | -699,4 |
| Wages and social charges (€) | 1 745 544 |
| Salaries / Turnover (%) | 1 405,1 |
Company Managers:
| Position | First Name | Last Name | Age | |
|---|---|---|---|---|
| Président du comité de surveillance | Jean-Pascal | Beaufret | 74 | |
| Président | Steve | Anavi | 42 | |
| Directeur général | Alexandre | Prot | 42 | |
| Membre du comité de surveillance | Alexandre | Prot | 42 | |
| Membre du comité de surveillance | Steve | Anavi | 42 | |
| Commissaire aux comptes suppléant | Remi | SAVOURNIN | 61 |
Studies mentioning this company
The neobank market - France
Other companies mentioned:
- Alma
- Lydia
- Nickel
- Hello Bank !
- Memo Bank
- Qonto
- Revolut
- N-26
- Bforbank
- N26
- Mangopay
- Oney
- Ibanfirst
- Pledg (Credit Agricole)
- Orange Bank