In January 2022 Insight Partners acquired a stake in the neobank Qonto alongside existing and new investors. The new round, led by American funds Tiger Global and TVC Funding, values the company at over €4.4 billion, making it France's 24th unicorn. The capital raised will enable the fintech to develop new functionalities, such as instant transfers, strengthen its customer service and accelerate its growth. With 220,000 customers by early 2022, Qonto aims to reach the million mark by 2025, with significant international expansion.
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In January 2022, Insight Partners acquired a stake in the neobank Qonto.
Company
In January 2022, Insight Partners acquired a stake in the neobank Qonto.
Published on
6/1/2022
Amended on
25/3/2024
0
minute(s)
In January 2022, Insight Partners joins neobank Qonto in a financing round of over €4.4 billion alongside Tiger Global and TVC Funding. With 220,000 customers by early 2022, the goal is 1 million by 2025, and major international expansion. New features, instant transfers and enhanced customer service are on the agenda.
By
Damien Hélène
This article has been automatically translated. Please excuse any inaccuracies or translation errors.
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