Qonto Review
Comprehensive review and analysis of Qonto's digital banking services
Quick Facts
- Founded
- 2016
- Head Office
- France
- Active Customers
- 300,000+
- Total Funding
- €622 million
- Employees
- 1000+
- App Store Rating
- 4.7/5
Pros & Cons
Pros
- Professional business accounts
- Multi-user access management
- Bookkeeping automation
- Local IBANs in multiple countries
- Extensive API integration
- Advanced expense management
Cons
- Business-only accounts
- Higher pricing tiers
- Limited personal banking features
- Some features require premium plans
Supported Countries
- France
- Germany
- Italy
- Spain
Fees
- Basic Plan €9/month
- Smart Plan €19/month
- Premium Plan €99/month
- Enterprise Plan Custom pricing
- Additional Cards €5/month
Overview
Qonto has established itself as a leading business banking solution in Europe since 2016. Focused exclusively on professional banking, it offers comprehensive financial tools designed specifically for businesses, freelancers, and organizations.
Key Features
Business Banking
- Professional current accounts
- Local IBANs in multiple countries
- Physical and virtual cards
- Real-time notifications
- Multi-user access
- Custom approval workflows
Financial Management
- Expense categorization
- Receipt capture
- Budget tracking
- Cash flow analysis
- Export capabilities
- Accounting integration
Payment Solutions
- SEPA transfers
- International payments
- Batch payments
- Direct debits
- Payment scheduling
- Invoice payment
Team Management
- Role-based access
- Custom permissions
- Team cards
- Spending limits
- Approval workflows
- Activity tracking
Security Features
- 3D Secure
- Two-factor authentication
- Custom validation rules
- Transaction monitoring
- IP restriction
- Fraud detection
Customer Support
- Dedicated account manager
- Priority support
- Phone assistance
- Email support
- Help center
- Community forum
Verdict
Qonto excels as a comprehensive business banking solution, particularly for European companies. Its focus on professional features, multi-user management, and accounting integration makes it an excellent choice for businesses of all sizes.
While the pricing may be higher than traditional banks, the value provided through automation, integration capabilities, and professional features justifies the cost for many businesses. The platform’s limitation to business accounts means it’s not suitable for personal banking needs, but this focused approach allows for better-tailored business solutions.
For companies looking for a modern, efficient banking solution with strong financial management tools, Qonto offers a robust and reliable platform. The extensive API capabilities and growing feature set make it particularly attractive for tech-savvy businesses and those looking to automate their financial operations.