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July 1, 2022
Finance Technologies

Qonto raises $115m round led by Tencent

Qonto, the Paris-based challenger bank targeting small and medium enterprises (SMEs) and freelancers in Europe, has raised $115 million (€103.7 million) in a Series C funding round led by Chinese technology conglomerate Tencent and DST Global. Dubbed the largest funding round ever for a French fintech by Qonto’s head of compliance Jean-Eloi Rateau, it follows just a few days after Tencent’s investment in fellow French mobile payments start-up Lydia. Qonto co-founder Quentin Chevrier Avril Existing investors Valar Ventures – which backs N26 and TransferWise – and Alven – which backs French fintech Virgil – are also participating in the Series…
Qonto raises 5m round led by Tencent

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