Qonto Teams Up with Upvest to Help European SMEs Earn Yield on Cash Holdings
Summary
Qonto partnered with Upvest to let European SMEs invest surplus cash directly inside the Qonto business banking app. The new feature starts in Germany and will expand across Europe in the coming months. Users can access euro-denominated money market funds with a very low minimum and no extra app switching or verification steps. Upvest provides the API infrastructure for execution, custody, compliance reporting, and tax handling. The deal strengthens Qonto’s position as an all-in-one financial hub and expands Upvest’s embedded investment reach.
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Fintech Infrastructure
API Platform
SaaS
Linked Companies
Upvest
$10M to $25M