Qonto starts cashing, all-in-one and multichannel

A new step has just been taken in the context of the diversification strategy of the Qonto. The French FinTech, which specializes in offering financial services to companies, enriches its offer by offering its target BtoB an innovative cash-out solution.

FACTS

• Qonto presents its new initiative as a way to complete its offer but also, to differentiate somewhat in a very competitive market.

• Its solution is therefore presented as a combined offer, combining:
  • a physical payment terminal marked with the Qonto logo (currently available for pre-order), and symbolizing the FinTech's entry into the pre-order payment market,
  • a solution of mobile payment Tap to Pay to transform compatible smartphones into payment terminals without additional hardware (thanks to Adyen),
  • a digital tool that generates payment links to secure remote receipts (thanks to Mollie).

• Qonto states that data on accepted payments will automatically be centralized to a single Qonto account, allowing professionals to quickly dispose of funds.

ISSUES

• Propose an all-in-one solution: Qonto's cashing solution is integrated directly into the Qonto account offer and its mobile application. It relies on a single platform to manage cash flow in all situations, regardless of channels; a positioning which must also allow FinTech to make a place on a highly competitive market.

• Develop a complete support model : Qonto is committed to building a comprehensive integrated financial management ecosystem for professionals. Beyond daily banking services and its new cash-out offer, Qonto allows also to the accountants to take over the creation of companies for their clients, it manages the reconciliation of invoices through AI and pose in support of the transition to electronic billing.

• Step by step in the physical world Qonto has been presenting itself since its beginnings as an alternative player offering a 100% digital financial management offer for companies. The launch of its new cashing solution therefore marks a strategic shift of importance for FinTech, which, with its physical payment terminal, offers hardware for the first time.

PERSPECTIVE

• The deployment of this new offer by Qonto represents the recognition of FinTech's long-standing strategic efforts, including the signing of multiple partnerships. Qonto points out, for example, that its payment relationship solution is based on its association with Mollie. The two partners officialized In addition, at the beginning of the month, their rapprochement with the stated ambition to simplify the financial management of small and medium-sized enterprises in Europe.

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