Skip to content

French Fintech Qonto Raises New Funds at $5 Billion Valuation

  • Firm aims to quadruple its European client base by 2025
  • Proceeds to finance product development and new hires

French fintech Qonto has raised 486 million euros in a funding round that valued the company at 4.4 billion euros ($5 billion).

Tiger Global and TCV led the funding round and were among 10 new investors in the company; KKR was also among the first-time participants, Qonto said in a statement on Tuesday. Existing investors including Tencent also contributed funds.