French fintech Qonto is approaching $ 5 billion worth of new revenue

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Reuters UK

Author Mathieu Rosemain PARIS (Reuters) – Qonto, a French online banking enterprise for small and medium enterprises (SMEs), said Tuesday it had raised 486 million euros, bringing its value to 4.4 billion euros ($ 4.98 billion), on another sign. on the health of the French fintech sector. France has documented the increase in private equity financing, as the combination of low interest rates, financial incentives and home-based solutions for the COVID-19 epidemic has boosted the digital industry. Qonto’s recent earnings are the history of French fintech, the first economically active…

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