Unicorn Qonto turns to the crowd, partners with Crowdcube to open up ownership

Paris-based all-in-one finance solution for SMEs and freelancers Qonto has partnered with Crowdcube to launch a community equity raise
Unicorn Qonto turns to the crowd, partners with Crowdcube to open up ownership

It’s not every day that a company valued at over €4.4 billion offers clients a chance to hold an ownership stake. In fact, on Crowdcube, it’s nevery day. Until now. 

Having closed a mammoth €486 million Series D funding round earlier this year, the Paris-based all-in-one finance solution for SMEs and freelancers Qonto has partnered with Crowdcube to launch a community equity raise, primarily targeting clients, a.k.a. potential stakeholders, in the company’s four active markets, France, Italy, Spain, and Germany.

“Qonto is an entrepreneurship story: created by entrepreneurs for entrepreneurs. Our clients fully understand the value of our service and our company mission. We are, with this community equity raise, taking a step forward and empowering our clients to take part in our journey as shareholders of the company,” explained Qonto CEO Alexandre Prot. “Customers that decide to join our mission by investing in our company, will not only help us shape our product but also contribute to our success alongside our current prestigious international investors.”

Qonto customers will invite customers over the age of 18 to pre-register until 19 April. After this date, the campaign will officially launch, giving pre-registrants first dibs at snapping up their own stake in the company.

“We are thrilled to partner with Qonto on their first community equity raise campaign and help them build a strong community around their mission and around Europe,” concludes Crowdcube founder and CEO Darren Westlake.

And now for the essential CYA: Investing in unlisted businesses comes with the risk of partial or total loss of invested funds along with the risk of illiquidity.

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