Tech
French fintech Qonto seeks banking license as it targets two million clients by 2030
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French fintech Qonto has applied for a banking license with France’s banking regulator as it seeks to expand beyond payment services to offer lending, savings and investment products, it said on Thursday.
The company, which provides digital banking and financial management tools for small and medium-sized businesses, said it serves more than 600,000 business customers across eight European markets including France, Germany, Italy and Spain.
Qonto currently operates under a payment institution license, offering businesses financial services from…
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