QONTO
Qonto ' s COO , Jordi Gudiol , outlines the company ’ s dedication to creating best-in-class banking solutions while focusing on the needs of customers
Banking solutions are changing . The COVID pandemic showed that people and businesses could handle their finances via a device rather than at a bank itself , with its onset acting as a catalyst for the switch to digital services . On top of this , the various lockdowns and restrictions necessitated by the pandemic dramatically reduced the need for cash transactions and withdrawals .
Now , businesses and consumers are both realising the benefits of digital banking and , as a result , see the benefits of reduced risk , improved efficiency and better customer experience – setting the stage for a digital banking future .
Translating to ‘ an account ’ in Swedish / German , Qonto is a French online banking solution for SMEs . Founded in 2017 , the company aims to create digital financial solutions that energise its customers and simplify related processes . Market leaders in France , the company is now successfully scaling its business across Europe , having quadrupled its revenue in Germany , Spain and Italy over the past two years . “ We have very high ambitions , we want to become the finance solution of choice for 1 million European SMEs and freelancers by 2025 . With our recent funding , we aim to invest over € 100mn in each of these markets in the next two years . We are also planning to expand to new European markets by 2023 .”
70 April 2022