info@ceoworld.biz
Tuesday, October 8, 2024
CEOWORLD magazine - Latest - Banking and Finance - Qonto Expands Across Europe to Support SMEs and Freelancers

Banking and FinanceSuccess and Leadership

Qonto Expands Across Europe to Support SMEs and Freelancers

Qonto, a business finance solutions provider, has announced its expansion into several European markets, with a focus on strengthening its regional presence. This strategic move will enable small and medium-sized enterprises (SMEs) and freelancers in Austria, Belgium, the Netherlands, and Portugal to access Qonto’s financial tools and services, helping them optimize their operations while the company bolsters its footprint across Europe.

Since its inception, Qonto has been dedicated to simplifying business banking by offering an online business account integrated with various financial tools, including invoicing, bookkeeping, and spend management. The current expansion aligns with Qonto’s mission to meet the needs and preferences of SMEs and entrepreneurs in these regions, as the company aims to become the go-to business finance solution for European SMEs and freelancers by 2026. According to Qonto, small businesses and freelancers make up 99% of companies in Europe and provide 100 million jobs across the EU. Yet, many still struggle with accessing adequate finance and banking services.

By expanding into Austria, Belgium, the Netherlands, and Portugal, Qonto intends to help businesses scale efficiently and improve operational productivity. This decision follows extensive research, including studies, surveys, reports, and interviews with local SMEs and freelancers. Qonto also collaborated with local stakeholders, such as chambers of commerce and fintech associations, to tailor its offerings to the specific needs of each market.

This expansion comes on the heels of Qonto’s successful launch in France, Germany, Italy, and Spain. In addition to scaling its operations, Qonto has been forming strategic partnerships to enhance its services. One such collaboration, announced in June 2024, is with Wise, aimed at improving international payment services for over 500,000 SMEs and freelancers across Europe. This partnership seeks to simplify and expedite cross-border transactions, addressing issues like slow processing times, complexity, and high costs that businesses often face.

 

Have you read?
World’s Best Countries To Invest In Or Do Business.
World’s Most Startup-Friendly Countries.
World’s Best Countries For Quality of Life.
Largest Economies Europe In 2024.
GDP of the BRICS countries (2000 to 2028).


Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
CEOWORLD magazine - Latest - Banking and Finance - Qonto Expands Across Europe to Support SMEs and Freelancers
Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz