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Qonto description
Qonto is a business banking platform designed for SMEs and freelancers in Europe. It provides online business accounts with local IBANs, free Mastercard debit cards, and features for managing expenses, invoicing, and bookkeeping. Qonto aims to simplify financial management, offering integrations with accounting software and real-time cash flow insights. It is a highly-rated platform known for its responsive customer service and transparent pricing.
Who is Qonto best for
Qonto is a user-friendly online banking platform designed for entrepreneurs and SMEs. It simplifies financial management with features like expense tracking, invoicing, and accounting integrations. Users praise its intuitive interface and responsive customer support, while some note limited functionalities for micro-enterprises.
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Best for small to medium-sized businesses.
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Ideal for businesses in finance, e-commerce, or consumer goods.
Qonto features
| Supported Qonto supports payments and payouts in over 18 currencies via SWIFT and Wise integration. |
| Supported Qonto supports reconciliation and account management. Detailed reports may require integrations. |
| Supported Qonto integrates with accounting software like Xero and DATEV for automated transaction syncing. |
| Supported Qonto allows creating, sending, and tracking invoices, including automated reminders. |
| Supported Qonto offers current accounts, corporate cards, and other banking services. |
| Supported Qonto supports expense tracking and categorization for cash flow management. |
We evaluate the sentiment that users express about non-functional aspects of the software
Value and Pricing Transparency
Customer Service
Ease of Use
Reliability and Performance
Ease of Implementation
Scalability
Qonto reviews
We've summarised 164 Qonto reviews (Qonto TrustPilot reviews, Qonto Capterra reviews and Qonto G2 reviews) and summarised the main points below.
- Excellent and responsive customer support.
- User-friendly interface and mobile app.
- Real-time transaction processing and notifications.
- Easy expense management and receipt uploads.
- Seamless integration with accounting software (e.g., Payfit).
- Clear and transparent pricing.
- Facilitates VAT management.
- Multiple virtual and physical card options.
- Secure platform with automatic logout.
- Helpful and efficient FAQ section.
- Regularly updated with new features.
- Efficient invoice management and generation.
- Provides business banking features for freelancers and SMEs.
- Account aggregation capabilities.
- Easy setup and account opening process.
- Limited deposit options.
- Lack of checkbook.
- Not a full bank, but a payment institution.
- No overdraft facility.
- Some integrations (e.g., Amazon) have issues.
- High cost of international payments.
- Accountant access limitations for sales invoices and bulk invoice downloads.
- No true credit notes feature.
- Steep learning curve for new users.
- Limited SME financing options.
- High card transaction fees in foreign currencies.
- Limited functionalities for micro-enterprises.
- Numerous and inflexible notifications.
- High costs for businesses with high transaction volumes.
- No physical branch offices.
Qonto pricing
The commentary is based on 39 reviews from Qonto Capterra reviews, Qonto G2 reviews and Qonto TrustPilot reviews.
Qonto's pricing is generally viewed as competitive and a good value, especially for freelancers and small businesses. While some users find certain fees, like international payments, a bit high, many consider the overall cost worthwhile due to the time-saving features and ease of use.
Users sentiment
See the Qonto pricing page.
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Qonto has a free trial.
Basic
A business account with built-in invoicing tools for simple day-to-day finances.
Smart
Advanced business banking, invoicing and bookkeeping tools, and direct accountant access.
Premium
High-volume business banking, invoicing, bookkeeping, and priority customer service.
Qonto alternatives
PennylaneBetter for businesses seeking tighter accounting integration. Has a faster pace of growth both in website traffic and employee count on LinkedIn. More user reviews are available online.Read more
CoupaBetter for spend management in Retail and has broader industry coverage. More established, but growing slower than Qonto. Coupa is a Qonto competitor and alternative.Read more
XeroBetter for retail and professional services. A popular Qonto alternative and competitor focusing on core accounting features.Read more
RhoBetter fit for US-based businesses. Has more momentum in website traffic growth but slower employee growth. Good for larger enterprises.Read more
Equals MoneyBetter for mid-sized businesses focused on expense and international payment management. Provides multi-currency IBANs, expense cards with cashback, and integrates with Xero. A Qonto alternative and competitor.Read more
Glean.aiBetter for mid-sized US companies needing accounts payable automation and spend analysis. Focuses on AI-powered invoice processing and spend intelligence.Read more
Qonto FAQ
What is Qonto and what does Qonto do?
Qonto is a European business banking platform for SMEs and freelancers. It offers online accounts, debit cards, expense management, invoicing, and accounting integrations. Qonto simplifies financial admin with real-time insights and transparent pricing.
How does Qonto integrate with other tools?
Qonto integrates with various accounting software like Xero and DATEV, enabling automated transaction syncing. It also supports payments and payouts in over 18 currencies via SWIFT and Wise integration. This streamlines financial management and improves efficiency for businesses.
What the main competitors of Qonto?
Qonto's main competitors include Pennylane, Rho, and Agicap, offering similar business banking and financial management features. Coupa and SAP Concur focus more on spend management, while Kolleno specializes in accounts receivable automation.
Is Qonto legit?
Yes, Qonto is a legitimate and safe business banking platform. It's highly rated for its user-friendly interface, responsive customer support, and transparent pricing. Qonto simplifies financial management for businesses with features like expense tracking, invoicing, and accounting integrations.
How much does Qonto cost?
Qonto's pricing includes the Basic plan at €9/month, Smart at €19/month, and Premium at €39/month, billed annually. They offer a free trial, but no free plan. Add-ons like Accounts Receivable are available for an additional fee.
Is Qonto customer service good?
Qonto's customer service is frequently praised for its responsiveness and efficiency. Users highlight the quick resolution times and helpful support agents. While some users mention a lack of phone support, the available channels seem to handle inquiries effectively.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.