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.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Akila Quinio

Category: MarketsFinanceInvesting

Markets: United StatesAustriaBelgiumFranceGermanyItalyNetherlandsPortugalSpain

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 16:00:53 (1 weeks 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

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 11 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions