Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The French Fintech Qonto has announced the recruitment of 100 employees in the next 12 months. Qonto is a payment institution agent supervised by Banque de France. It provides a current account that allows companies or self-employed to perform daily operations (transfers, card transactions) but, unlike a traditional account, it cannot be overdrawn. In September, Qonto raised funds from Valar (Peter Thiel's fund) and Alven, with the support of the European Investment Bank, for €20 million, bringing the total funds to €32 million since its creation in spring 2016. Quonto has 25,000 customers and has treated a total amount of €1.7 billion of transactions.
Eurofound (2018), Qonto, Business expansion in France, factsheet number 95520, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95520.