Qonto, the European business finance solution for SMEs and freelancers, is partnering with Mollie, one of Europe’s fastest-growing financial service providers, to enhance integrated financial services for businesses across Europe.
Through the new partnership, Qonto will integrate Mollie’s payment infrastructure through ‘Mollie Connect’, enabling its customers to accept online payments and receive funds faster via ‘Payment Links’.
Available in France, Germany, and the Netherlands, the Payment Links feature enables businesses to generate secure payment links for invoices or direct sharing, track payment status, and receive funds directly into their Qonto accounts. Qonto says that the integration eliminates the need for multiple payment service providers (PSPs) and supports faster payments and centralised financial management.
The feature boasts automated payment reconciliation, real-time payment tracking, multiple payment method support, and offers direct deposit into Qonto business accounts.
Following this integration, Mollie plans to introduce integrated banking services within its platform using Qonto Embed, Qonto’s white-label banking solution. This integration will enable Mollie customers in France – and eventually in Germany – to open business accounts with simplified onboarding, faster payouts, and real-time financial insights.
Benefits of Mollie business accounts, powered by Qonto Embed, include 365-day payouts and settlement of terminal transactions within 24 hours; full business banking services, including cards, transfers, and local IBANs; physical and virtual cards with spending controls; up to four sub-accounts for better fund management; and Google Pay, Apple Pay, SEPA, and direct debit support.
Combatting late payments
According to the European Commission’s 2024 Annual Report, 47 per cent of businesses face challenges related to late payments, often due to fragmented payment infrastructure. This partnership addresses those challenges by unifying payment processing and business banking into a single, integrated solution designed for European SMEs and freelancers.
“This partnership with Mollie marks a milestone in our mission to simplify finance management for European businesses,” said Alexandre Prot, co-founder and CEO at Qonto. “By combining our expertise in business banking and finance management with Mollie’s advanced payment capabilities, we’re addressing the unique needs of European businesses, from accepting card payments to managing their finances seamlessly in one single place. Our collaboration is more than just a strategic partnership.”
“This partnership is a game-changer for SMEs seeking fast, seamless, and fully integrated financial services,” Koen Köppen, CEO at Mollie, also added. “By combining banking and payments in a single platform, we empower businesses to streamline financial management, boost efficiency, and free up capacity for strategic growth.”
