Qonto

Qonto is a business account with cards, transfers, invoices and accounting tools for freelancers, entrepreneurs and companies. The platform also covers team spend management, payment acceptance and share-capital deposits. The operating company, Qonto SA, is a payment institution, not a bank with a universal banking licence.

Licensing

The company is supervised by the ACPR under CIB 16958, with company number 819489626. The authorisation is stated on the provider's own website. It is also known under the name Olinda.

Services

The listed services are a business account, cards, transfers, direct debits, e-invoicing and bookkeeping.

Safeguarding

According to the company, customer funds are kept in a mix of segregated bank funds and qualified money-market fund holdings, along with standalone guarantees. Named partners include Crédit Mutuel Arkéa, Société Générale, Natixis and Rothschild Martin Maurel, with guarantees by Crédit Agricole CIB and BNP Paribas. The company describes conditional FGDR cover if a safeguarding partner bank fails, which is not a blanket guarantee against its own failure.

Who it suits

Small companies that want banking and bookkeeping tools in one interface. Plans and fees should be checked with the provider.