Qonto is more than just a business account provider—it’s the ultimate financial partner. Since its founding eight years ago, the company has been a reliable provider of bank accounts for entrepreneurs and businesses. What sets Qonto apart from its competitors is its all-in-one tool that brings these services together and gives clients a simple, user-friendly experience.

Now, Qonto is expanding to include a broader range of financial and banking services, including billing, expense management, supplier management, and post-accounting solutions.

The need:

Bank coverage expanding across all of Qonto’s target EU regions

Qonto’s primary need was to connect and gather data from their users’ various bank accounts held outside of Qonto, across multiple countries in the EU. And to do so in a compliant, secure, risk-free way, all while maintaining the high UX standard Qonto users are accustomed to. This regional diversity also brought banking compliance challenges, which required a comprehensive approach covering all the company’s bases.

“Qonto operates in France, Spain, Italy, and Germany, and each country has its own banking connection requirements. So when aggregating accounts from multiple banks, we had to consider local specifics. In our selection process, we focused heavily on the banking coverage in each of the four countries where we wanted to expand.” — Maxime Champoux, Head of Product at Qonto

 

The solution:

A bank aggregation solution that can easily centralize data

As Qonto began its search for a technology partner, one need was absolutely clear:

Trustworthy and reliable bank aggregation was a necessity.

Qonto follows a standardized RFP process, through which the company first connected with Powens. The RFP process considered a wide range of criteria and factors to validate a potential partnership, including:

• Compliance
• Risk
• Security
• Banking coverage

Beyond these criteria, however, Qonto was also seeking a partner that would be a cultural fit and share the company’s values. After getting to know the Powens team, it became clear that Powens could help Qonto tip the scales and move forward quickly through both the RFP process and implementation.

“With Powens, Qonto is entering a new phase. We’re a true financial cockpit, a one-stop shop that not only aggregates Qonto’s banking data but also data from other banks. This allows us to interact with those accounts, centralize everything, and help businesses operate more efficiently. It’s a real time-saver for companies.” —Maxime Champoux, Head of Product at Qonto

In terms of capabilities, Qonto favored Powens’s Bank solution, a high-performing Open Banking platform offering rich data access and extraordinary conversion rates. Key features of the Bank solution that aligned well with Qonto’s goals included:

• Europe-wide coverage, including each of Qonto’s target regions
• Single API model, reinforced with end-to-end tests and real bank accounts
• Access to current and historical bank data
• Best-in-class UI for bank connections, with data-sharing acceptance rates of up to 75%
• Optimized consent management user interface via Powens’ Webview solution

The results:

Powering Qonto’s Growth Across Europe

Qonto’s strategic expansion across Europe has been significantly strengthened by its partnership with Powens. By integrating reliable bank aggregation capabilities, Qonto now offers its clients a seamless way to manage multiple accounts across different EU markets—all within one platform.

This enhanced financial ecosystem is reflected in Qonto’s impressive Net Promoter Score (NPS) of over 75, a figure that far exceeds the industry average, which often falls into negative territory.

As Qonto continues its European growth, its commitment to delivering a unified and efficient financial experience remains central, ensuring that businesses across France, Spain, Italy, and Germany benefit from streamlined financial management.

“At Qonto, one of our core values is customer obsession. This focus on the customer is what led us to partner with Powens, and it’s something we see every day, both during the implementation process and in our ongoing collaboration with Powens.” —Maxime Champoux, Head of Product at Qonto

 

Watch the full interview with Maxime Champoux here:

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