Mollie and Qonto form two-way payments, embedded business accounts collaboration

Qonto, which is a European business finance solution for SMEs and freelancers, has integrated Mollie’s embedded payments solution to enable its customers to accept payments online, as part of a new strategic two-way collaboration.

The partnership will see Qonto integrate Mollie’s payment infrastructure through ‘Mollie Connect’, its platform solution, to offer customers the possibility to accept payments online and get paid faster with ‘Payment Links’.

Qonto’s new ‘Payment Links’ feature has launched in France, Germany and the Netherlands, and allows businesses to accept payments by generating secure links that can be added to invoices or shared directly with clients.

Customers of Qonto can create payment requests, track their status, and receive funds directly into their Qonto account.

The collaboration is two-way because customers of Mollie will be able to get access to banking within the Mollie platform via Qonto’s grey-label solution, ‘Qonto Embed’, enabling faster payouts and real-time financial insights.

Mollie’s business accounts, enabled by ‘Qonto Embed’, will allow existing customers in France and soon in Germany to open a business account with “minimal” onboarding.

The business account aims to simplify finances with physical and virtual business cards, as well as spending controls and instant card management.

Businesses have the option to make payments via direct debits, Google Pay, Apple Pay, and SEPA transfers, while up to four sub accounts help organise funds.

“This partnership with Mollie marks a milestone in our mission to simplify finance management for European businesses,” said Alexandre Prot, co-founder and chief executive officer of 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.”

He added: “Our collaboration is more than just a strategic partnership. Together, we’re uniting our strengths to build fintech champions that can compete on a global level.”

The collaboration comes after the European Commission’s 2024 annual report found that 47% of businesses faced challenges due to late payments.

Koen Köppen, chief executive officer of Mollie, called the partnership “a game-changer for SMEs seeking fast, seamless, and fully integrated financial services”.

“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,” he added.

Further reading: Mollie chooses payments fintech Ivy to rollout Pay by Bank across Europe