French startup Qonto has some ambitious goals and wants to become the best bank account you can get when you start a company in France. Just like N26 wants to be a more modern bank for everyone, Qonto wants to do the same thing, but for business accounts. The company recently raised $1.7 million (€1.6 million) from Peter Thiel’s Valar Ventures and Alven Capital. Valar Ventures is also an investor in N26 and TransferWise — it is the firm’s first investment in France. A few months ago, a tech-savvy friend had some major issues with his business bank account. It was costing him a lot of money, and every time he had to ask for something, it was a painfully slow process. The difference between what he could do with his personal money and his company’s money was stark. Read more: techcrunch.com
