Qonto launches financing platform

In the future, Qonto will help small and medium-sized enterprises (SMEs) with special financing options. The first partners, Banxware, Defacto and Silvr, offer their financing options directly through the Qonto platform.

Qonto, a European financial solution for small and medium-sized enterprises (SMEs) and the self-employed, has announced the launch of a new financing platform. This platform is designed to help German customers invest in suitable financing offers for their business growth. In the future, customers will have seamless access to offers from various partners who offer their financing products directly via the platform.

The launch of our financing platform will enable us to offer our customers financing products tailored to their specific financial needs in the future.

Lukas Zörner, VP Germany Qonto

Banxware, Defacto and Silvr are the first partners on board for the launch of the platform. With this expansion of its offering, the company aims to cover all financial needs of German SMEs as an all-in-one solution.

Banxware offers short-term and revenue-based financing ranging from €1,000 to €250,000. The repayment period varies from 3 to 12 months, while interest rates depend on a one-time fixed fee of 3% to 13%, depending on the term.

Defacto, on the other hand, allows short-term financing in the range of 500 to 1 million euros, with repayment terms of 1 to 4 months and an interest rate of 0.05% daily.

Silvr offers turnover-based financing between 10,000 and 20 million euros, with repayment terms of 1 to 12 months and interest rates in the form of a fixed fee of 1% to 12% of the amount financed.

Through customer consent, partners gain secure access to relevant account and financial data of Qonto customers to ensure a seamless financing process and process applications directly. Once an application is approved, the funding is credited to the account. Customers thus gain access to financing offers to drive their growth with smooth process and no red tape.

Partnering with Qonto brings us one step closer to our mission: making business financing more accessible. This is especially important now, when so many SMEs are struggling with financial difficulties.

Nima Karimi, Co-Founder and CEO Silvr

The platform simplifies the day-to-day financial operations of 350,000 businesses, automating accounting, facilitating invoice management, and enabling easy management of expenses through an online app. The company operates in four countries (Germany, France, Spain and Italy) and currently employs 1,000 people. Qonto has received a total of €622 million from various investors, including Valar, Alven, the European Investment Bank, Tencent, DST Global, Tiger Global, TCV, Alkeon, Eurazeo, KKR, Insight Partners, Exor and Gaingels.