A French online bank for SMEs and freelancers, Qonto. In the streets of Paris, Qonto has become a more and more common sight since their big round in early 2022.

In this complete review, we will discuss key features, advantages, and disadvantages of Qonto, as well as the many reasons why this is the preferred business option for modern companies.

‍Overview of Qonto: What you need to know

Qonto is shining in the realm of online business banking with a selection of services designed for professionals. Qonto caters for freelancers and SMEs, offering a wide choice of subscriptions and partnerships that are strategic. In this thorough review, we take a deep dive into the essential features, benefits, and shortcomings of Qonto to explain what makes this financial service so convenient for today’s businesses.

Advantages 

Advantages include:

Exceptional customer experience

Whether in its web interface or its mobile app, Qonto is proud to offer a seamless and user-friendly experience. As of today, Qonto has over 12,000 reviews on the Apple Store, an average of 4.8/5, which shows that customers appreciate this commitment to excellence.

Wide range of subscription options

A variety of subscription plans offered by Qonto, makes it fit for freelancers, SMEs, startups and associations. We have a range of options to suit every business need and budget, from basic through to premium.

Attractive partnerships

It has partnered with leading fintech companies such as October and Zettle etc. It has partnerships to offer users access to services at competitive rates.

Substantial funding

The young Qonto has the resources for future developments and innovations after a financing round of Euro 486 million already in early 2022. The financial backer of Qonto makes it one of the major players in the fintech landscape.

French Neobank

Qonto is a French neobank with a special mix of innovation and know-how about the French market.

Disadvantages

Some of the demerits include:

No free entry-level subscription

Qonto offers several subscription plans, though those for freelancers or those just starting are not free. It’s not cheap, either, with the base subscription working out at €9 per month, which might be a bit rich for people on a limited budget.

Missing services

Qonto offers a lot, and yet there are some gaps in its service portfolio. One example is features like overdraft capabilities and online payment solutions, which may be absent (perhaps rarely used by most), although they are also absent now.

‍But what kind of profile fits Qonto

Qonto offers offerings to a wide spectrum of users from freelancers to SMEs, startups and associations. Nevertheless, Qonto is well suited for companies or freelancers with a certain activity, because its basic subscription starts at €9 per month.

Qonto’s Journey

When Qonto started, it was a payment institution and was powered through Treezor which was a subsidiary of Société Générale. But it later achieved its payment institution license, making it more independent and offering new services.

Subscription plans

There are three subscription plans on offer at Qonto, designed to match the needs of businesses, from the basic to the premium features.

• 30-day free trial: Use Qonto features completely commitment-free.
• Subscription flexibility: Pick from among the many plans suitable to your business requirements.
• Abundant features: Comprehensive tools and services are available with even entry-level plans.

Customer experience

Qonto offers a superior customer experience that is described in our ratings on Trustpilot and Apple Store.

Accessible support: 24/7 chat, email, or phone is available for customer support.

Priority Support: Customer service is a priority to our premium subscribers.

‍Conclusion

Finally, Qonto we can say is a torch for the online business banking field, which has a high array of features and strategic partnerships, and excellent support for its customers. Although it may not be the least expensive option out there, its value proposition and enthusiasm toward its customers make it a great investment for every business regardless of size.

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