Mollie and Qonto join forces for seamless two-way payment integrations within business accounts
Qonto and Mollie Partner to Simplify Finance Management for European Businesses
In a move to enhance payment solutions and financial management for small businesses and freelancers, Qonto, a European fintech focused on SMEs and freelancers, has partnered with Mollie, a leading European payment service provider.
This strategic collaboration integrates Qonto's all-in-one financial management solutions with Mollie's innovative and easy-to-integrate payment services.
Qonto's customers can now benefit from seamless payment processing powered by Mollie. This integration allows customers to create payment requests, track their status, and receive funds directly into their Qonto account. The partnership also enables SMEs and freelancers to accept payments online and get paid faster with 'Payment Links'.
Mollie's business accounts, enabled by 'Qonto Embed', offer minimal onboarding for existing customers in France and soon in Germany. This means that businesses can start accepting card payments and managing their finances seamlessly in one single place.
The partnership also provides automated bookkeeping and real-time financial tracking via Qonto’s user-friendly cloud-native platform. Additionally, the integration offers API integration for seamless connection with other business software, enhancing workflow automation.
Furthermore, the collaboration leverages AI-driven automation for payment and financial management tasks, reducing complexity and improving productivity. Businesses can make payments via direct debits, Google Pay, Apple Pay, and SEPA transfers using the new account.
The partnership addresses the unique needs of European businesses, particularly the challenge of late payments. According to the European Commission's 2024 annual report, 47% of businesses faced challenges due to late payments. By streamlining financial management, boosting efficiency, and freeing up capacity for strategic growth, this collaboration aims to help businesses overcome this challenge.
Koen Köppen, chief executive officer of Mollie, called the partnership "a game-changer for SMEs seeking fast, seamless, and fully integrated financial services". Alexandre Prot, co-founder and chief executive officer of Qonto, stated that the partnership marks a milestone in simplifying finance management for European businesses.
The business account also offers physical and virtual business cards, spending controls, and instant card management. By combining banking and payments in a single platform, the partnership empowers businesses to streamline financial management, boost efficiency, and free up capacity for strategic growth.
In conclusion, the partnership between Qonto and Mollie presents a comprehensive, efficient ecosystem tailored to the needs of SMEs and freelancers across Europe, uniting their strengths to build fintech champions that can compete on a global level.
- As a result of the collaboration, Qonto's customers can now process payments seamlessly, thanks to the integration with Mollie's services.
- By integrating Qonto's financial management solutions with Mollie's payment services, businesses can accept online payments and manage their finances more efficiently.
- The integration offers API connection with other business software for improved workflow automation, and real-time financial tracking via Qonto's user-friendly cloud-native platform.
- The partnership leverages AI-driven automation for payment and financial management tasks, aiming to reduce complexity, improve productivity, and provide a solution for the challenge of late payments faced by many European businesses.
- The newly combined account offers features like direct debits, Google Pay, Apple Pay, SEPA transfers, physical and virtual business cards, and spending controls.
- Koen Köppen, the CEO of Mollie, and Alexandre Prot, the co-founder and CEO of Qonto, both expressed optimism about the partnership, citing it as a milestone in simplifying finance management for European businesses and positioning them as fintech champions on the global stage.
