Introduction to online banks|Qonto

Qonto is a French online bank for SMEs and freelancer. In this comprehensive review, we delve into the key features, advantages, and drawbacks of Qonto, shedding light on why it has become the go-to choice for modern businesses.

Mar 18, 2024

Qonto is a French online bank for SMEs and freelancer. Since their significant funding round in early 2022, Qonto has become a familiar sight on the streets of Paris. But beyond the buzz, what exactly does Qonto offer in terms of services, and how does it stack up against the competition?

Let's delve into a comprehensive review of Qonto, the leading online business account provider of the moment.  In this comprehensive review, we delve into the key features, advantages, and drawbacks of Qonto, shedding light on why it has become the go-to choice for modern businesses.

Before diving into Qonto, it's essential to understand the you have also other options as well. For example: Micco.

Micco stands as an all-in-one financial platform tailored for business creators, facilitating a comprehensive array of services. These include streamlined procedures for company registration, professional bank account establishment, capital deposit management, and more.

Micco's commitment to empowering business creators extends to:

  • Effortless company registration processes
  • Seamless professional bank account setup
  • Convenient capital deposit management solutions
  • A suite of additional financial tools and resources catered to entrepreneurs

With Micco, business creators can access a one-stop solution designed to streamline their financial operations and support their growth endeavors effectively.

Table of Contents:
  1. Overview of Qonto
  2. Advantages and Disadvantages
  3. Target Audience
  4. Qonto's Journey
  5. Partnerships Enhancing Qonto's Offerings
  6. Subscription Plans
  7. Customer Experience
  8. Getting Started with Qonto
  9. Conclusion
  10. Frequently Asked Questions (FAQs)

1. Overview of Qonto: What You Need to Know

In the bustling landscape of online business banking, Qonto has emerged as a prominent player, offering a suite of services tailored to the needs of professionals. From freelancers to SMEs, Qonto caters to a diverse clientele with its range of subscription options and strategic partnerships. In this comprehensive review, we delve into the key features, advantages, and drawbacks of Qonto, shedding light on why it has become the go-to choice for modern businesses.

2. Advantages and Disadvantages


  • Exceptional Customer Experience: Qonto prides itself on delivering a seamless and user-friendly experience, whether through its web interface or mobile app. With over 12,000 reviews on the Apple Store averaging 4.8/5, it's clear that customers appreciate Qonto's commitment to excellence.
  • Wide Range of Subscription Options: Qonto caters to freelancers, SMEs, startups, and associations with its diverse subscription plans. From basic to premium, there's an option to suit every business need and budget.
  • Attractive Partnerships: Qonto has forged strategic partnerships with leading fintech companies like Zettle, October, and more. These partnerships enhance Qonto's offerings, providing users with access to additional services at competitive rates.
  • Substantial Funding: With a significant funding round of €486 million in early 2022, Qonto has the resources to drive future developments and innovations. This financial backing underscores Qonto's position as a major player in the fintech landscape.
  • French Neobank: As a French neobank, Qonto brings a unique blend of innovation and expertise to the table, catering specifically to the needs of the French market.


  • No Free Entry-Level Subscription: While Qonto offers a range of subscription plans, there's no free option for freelancers or individuals just starting out. The base subscription starts at €9 per month, which may not be ideal for those on a tight budget.
  • Missing Services: While Qonto's offerings are extensive, there are still some gaps in its service portfolio. For example, features like overdraft capabilities and online payment solutions are currently unavailable, albeit rarely needed by most users.

3. What Kind of Profile Fits Qonto?

Qonto's offerings are suitable for a wide range of users, including freelancers, SMEs, startups, and associations. However, Qonto is particularly well-suited for companies or freelancers with a moderate to high level of activity, as its base subscription starts at €9 per month.

4. Qonto's Journey

Qonto started as a payment institution, initially relying on Treezor, a subsidiary of Société Générale, for its operations. However, it later acquired its own payment institution license, enhancing its independence and expanding its service offerings.

5. Partnerships Enhancing Qonto's Offerings

Qonto has forged strategic partnerships with various fintech companies to complement its services:

  • October: Provides lending services directly through Qonto's platform.
  • Defacto, Silvr, Karmen: Partnerships for various financing needs.
  • My Money Bank, Coinhouse, Feel Mining: Offers investment and cryptocurrency services.
  • Zettle: Provides advantageous rates for mobile card payment terminals.

6. Subscription Plans

Qonto offers three subscription plans tailored to different business needs, ranging from basic to premium features.

  1. 30-day Free Trial: Explore Qonto's features with no commitment.
  2. Subscription Flexibility: Choose from a variety of plans to suit your business requirements.
  3. Abundant Features: Even entry-level plans offer comprehensive tools and services.

7. Customer Experience

Qonto prides itself on delivering a superior customer experience, reflected in its high ratings on platforms like Trustpilot and the Apple Store.

  • Accessible Support: Customer support available 24/7 via chat, email, or phone.
  • Priority Support: Premium subscribers enjoy priority access to customer service.


In conclusion, Qonto stands as a beacon in the realm of online business banking, offering a robust suite of features, strategic partnerships, and top-notch customer support. While it may not be the cheapest option on the market, its value proposition and commitment to customer satisfaction make it a worthy investment for businesses of all sizes.

Considering Alternatives? Explore Micco

If you're intrigued by Qonto's offerings and are exploring similar alternatives, consider Micco.

As a financial services company, Micco provides comparable services and solutions tailored to the needs of modern businesses. With a user-friendly platform, competitive pricing, and a commitment to customer satisfaction, Micco is another viable option worth exploring.

Whether you're a freelancer, startup, or established enterprise, Micco offers the tools and support needed to streamline financial operations and drive business growth. Check out Micco today to discover how it can complement your business banking needs.

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