Qonto collects five million euros with crowd investing

Qonto founders Steve Anavi and Alexandre Prot

The French fintech mainly wants to win freelancers and medium-sized companies as customers

(Source: Qonto)

Frankfurt Qonto raised five million euros in its crowd investing round within 6.5 hours. The French fintech announced this on Thursday. The banking start-up has thus reached its limit after a short time. Due to legal requirements, the limit for the crowdinvesting round was five million euros.

The company announced that a total of over 1,800 Qonto customers from the previously developed markets of Germany, France, Spain and Italy had participated. A share cost investors 137.94 euros, each investor could invest a maximum of 10,000 euros.

“Qonto was founded by entrepreneurs for entrepreneurs. We are therefore all the more pleased that so many of our customers appreciate and share our corporate mission,” said Germany boss Torben Rabe.

Since the beginning of April, Qonto customers have been able to register for the crowd investing round on the Crowdcube platform. Participation was conditional on the interested parties being of legal age and having access to a Qonto account. Access to the investments was then activated on Wednesday.

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