French fintech Qonto seeks banking license as it targets two million clients by 2030

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French fintech Qonto has applied for a banking license with France’s banking regulator as it seeks to expand beyond payment services to offer lending, savings and investment products, it said on Thursday.

The company, which provides digital banking and financial management tools for small and medium-sized businesses, said it serves more than 600,000 business customers across eight European markets including France, Germany, Italy and Spain.

Qonto currently operates under a payment institution license, offering businesses financial services from…



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French fintech Qonto seeks banking license as it targets two million clients by 2030



French fintech Qonto has applied for a banking license with France’s banking regulator as it seeks to expand beyond payment services to offer lending, savings and investment products, it said on Thursday.

The company, which provides digital banking and financial management tools for small and medium-sized businesses, said it serves more than 600,000 business customers across eight European markets including France, Germany, Italy and Spain.

Qonto currently operates under a payment institution license, offering businesses financial services from…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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