Tiger-backed French fintech Qonto seeks €5bn valuation in share sale 

Quick Summary:

Revolut, Europe’s largest tech company, in August closed a $500mn sale of employees’ shares, with its value growing from $33bn to $45bn.

It provides a suite of services including invoice management for more than 500,000 small and medium companies in France, Spain, Italy and Germany.

Qonto, already one of France’s most valuable technology companies, is seeking a valuation of about €5bn, the people said.

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Article Details

Author / Journalist: Akila Quinio

Category: MarketsFinanceInvesting

Markets: United StatesAustriaBelgiumFranceGermanyItalyNetherlandsPortugalSpain

Topics: Qonto Financial Latest Companies Market Fintech Sale Been Company Investors Employees

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 16:00:53 (17 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 522 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23472243

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