French neobank Qonto is set to open new offices in Austria, Belgium, Portugal, and the Netherlands as part of its European expansion plan.
Founded in 2016, Qonto targets SMEs and freelancers, offering an array of services including online banking accounts, invoicing, and bookkeeping. The company aims to bolster its position in the European market, where SMEs and freelancers account for 99% of businesses.
“Since we founded Qonto together with my Co-Founder Steve Anavi, our ambition remains the same: building the leading European business finance solution,” stated Qonto CEO and co-founder Alexander Prot. “After our successful expansion in Germany, Italy, and Spain, we are now confident to take the next step in our European growth.”