Qonto closes a €104 million capital increase with the arrival of Tencent and DST Global and several business angels, in addition to historical investors Valar Ventures and Alven Capital

For its Series C, Qonto raised €104 million. Tencent and DST Global are joining historical investors Valar Ventures and Alven Capital in this transaction.

Solferino Associés (Bernard-Olivier Becker, Fouad Bellaaroussi & Marie Estelle Colin) assisted Qonto on contractual and corporate law aspects, with the assistance of Cazals Manzo Pichot Saint Quentin (Maxence Manzo & Bertrand de Saint-Quentin) on tax aspects.

The Valar and Alven funds were advised by Jones Day, Tencent was advised by Clifford Chance and DST Global was advised by Goodwin.