French fintech Qonto nears $5 billion valuation after new fundraising

By Cory Maki Cory Maki has been verified by Muck Rack's editorial team
Published on January 11, 2022
Published by
Reuters UK

By Mathieu Rosemain PARIS (Reuters) – Qonto, a French online bank for small and medium-sized companies (SMEs), said on Tuesday it had raised 486 million euros, bringing its valuation to 4.4 billion euros ($4.98 billion), in another sign of the good health of the French fintech sector. France has recorded a streak of large private equity fundraising, as the combination of low interest rates, investment incentives and stay-at-home measures due to the COVID-19 pandemic have boosted digital companies. Qonto’s latest fundraising is a record for a French fintech, a startup that specialise in financi…

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By Cory Maki Cory Maki has been verified by Muck Rack's editorial team

Cory Maki is a former Staff Editor and the Business Development Manager at Grit Daily.

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