We announced last week that we raised €104m Series C, only two and a half years after launching our product in France. This is a pretty big deal for us, our teams and our clients, as it is the largest funding round ever for a French fintech! 🚀
Let us explain why and how we decided to raise as much.
In this round, we are welcoming two new global investors:
- The China-based technology company Tencent (the developer behind successful services like WeChat and an important investor in certain global tech companies like Tesla, Snap or Nubank)
- DST Global, one of the world’s leading technology investors with a portfolio including many of the world's most prominent internet companies, such as Facebook, Airbnb, WhatsApp, and Spotify.
Existing investors Valar, co-founded by Peter Thiel (PayPal founder), and the French leading VC Alven are also participating in the round.
For those wondering (we know you are 😊) Qonto is, and will remain, 100% independent from its investors. This means that their financial investment does not give them any right in the company strategy and operations, and that there will be no changes in terms of data governance and security.
We are also happy to be joined by two business angels with great fintech expertise: Taavet Hinrikus (TransferWise's co-founder/chairman) and Ingo Uytdehaage (CFO at Adyen).