Qonto
The French business neobank that simplifies daily financial management for SMEs and startups
Overview
Qonto is the leading business neobank for professionals, founded in 2017 and used by over 500,000 enterprises in Europe. It offers a current account with a French IBAN, physical and virtual Mastercard cards, instant free transfers, and a well-designed team expense management interface. Automatic transaction categorization by AI and matching with supplier invoices reduce accounting work.
In 2025, Qonto launched balance remuneration (up to 2% interest under conditions), strengthening its appeal against traditional banks. Plans start at €9/month (Basic) with progressive formulas for multi-user SMEs. Qonto is not accounting software per se, but its native integration with other platforms makes it the ideal complementary business account.
Our verdict
The essential business account for European SMEs who want to leave traditional banking without sacrificing accounting integrations. Ideal for teams of 1 to 50 people with multi-collaborator card and expense needs. Avoid if you need significant overdraft facilities or credit access: Qonto remains a payment service provider, not a bank.