Qonto, a French online bank for small and medium-sized companies (SMEs), said on Tuesday it had raised 486 million euros, bringing its valuation to 4.4 billion euros ($4.98 billion), in another sign of the good health of the French fintech sector.
, also participated in the funding, Qonto said.
It has recently partnered with another French fintech, October, which offers SMEs small loans of up to 30,000 euros. It has also partnered with Payfit, a software company that has developed a payroll platform.
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