Qonto your business

Source; Qonto

Why name your new fintech Qonto ?

Well, the founders of French fintech, Qonto have plans to grow across Europe so they looked at what their customers commonly define bank accounts in different lingos - Account in English, Compte in French, Konto in German and Conto in Italia.

And wella, the 2 founders, Alexandra Prot and Steve Anavi came up with Qonto.

Source; Qonto

Australia has seen fintechs like OnDeck and Prospa focused on the small business market and more recently a digital bank with relationship managers - Judo Bank.

Qonto is a B2B neobank but it feels like a consumer bank. Its key customer segments include freelancers, startups, and SMEs.

So what makes Qonto different. Well, here's a few things

1. Really good & clean UX - with well-thought-out clean design, colours and beautiful layout and simple data visualisation, the UX is pretty impressive for a B2B neobank

2. Simplified Accounting - like personal finance tools, Qonto easily categories your transactions (streamlines book keeping) and even keeps your receipts so you need to go chasing it for your tax time (thats if you need to pay the tax man)

3. Team Money Manager - this feature feels more like Monday (not the day of the week) but the team collaboration tool. You can add and assign different roles to your team members to manage their own expenses. So its kinda like Concur for employee expense management but inside your bank.

Qonto is already used by over 75k businesses across Europe.

To find more, check out the Qonto story at https://qonto.eu/en/about

PS. all images (sourced from Qonto), GIFs and quotes are attributed to the original owners.