We answer here the most frequently asked questions by users of our service.
👉 Your questions regarding the operation procedures
Why can't the capital increase funds be paid directly into my Qonto current account?
Qonto is not accredited by the ACPR to directly issue a certificate of deposit of funds. This is why subscriptions must go through a dedicated temporary account. Once the funds are received and validated, the deposit certificate is issued by our partner notary.
Does Qonto accept "open" fundraising rounds?
No. Qonto cannot support so-called open fundraising rounds.
From the launch of the procedure, you must upload to your interface the final version of the decision minutes as well as an updated capitalization table showing the capital distribution before and after the operation.
These documents are essential to enable the opening of the dedicated account, the assignment of unique temporary IBANs to your subscribers, and precise tracking of their payments.
What is a share premium and should it be included in the amount paid?
The share premium allows existing shares to be valued beyond their nominal value during the capital increase. It must be included in the total amount of the operation.
👉 The amount paid by each subscriber therefore corresponds to: capital increase amount + share premium amount.
Note: Qonto fees are calculated on the total amount paid, including share premium.
What are the procedure timelines?
The duration depends above all on your responsiveness and that of your investors.
Qonto nevertheless commits to respecting the following deadlines:
- Opening of the account dedicated to the capital increase: within 1 business day after receipt of all requested and validated documents;
- Issuance of the certificate of deposit of funds: within 2 business days after validation of contributions;
- Release of funds: within 3 business days after receipt and validation of the document attesting to the completion of the operation (JAL certificate or minutes of acknowledgment, depending on your situation).
👉 Your questions regarding contributions
Can I pay the subscription amount for one of my partners?
No. Each participating entity must pay the exact amount of their subscription from a bank account opened in their name.
If you make the transfer on behalf of a partner, you will be considered the subscriber and they will not appear on the deposit certificate.
Can I make the payment of my contribution from my Qonto account?
If you use your company's funds to increase its own capital, this constitutes a capital increase by incorporation of reserves. This type of operation does not fall under the service offered by Qonto and does not require a deposit certificate. We recommend contacting your accountant or legal formalist to complete it.
Is it possible to make the payment from a joint account?
Yes, but an additional formality is necessary. If a contribution is made from a joint account, Qonto will ask the non-subscribing spouse to sign a written agreement confirming that they are informed of the use of this joint account and that they do not wish to become a partner.
A document template will be sent to you by our teams if a payment from a joint account is identified.
Can I make my contribution in several transfers if I cannot exceed a certain limit?
Yes, you can make your contribution in several transfers. The only condition is that each transfer comes from a bank account opened in the name of the subscriber and that the total amount paid corresponds exactly to the subscription amount, including share premium.
Is it possible to make a contribution via a SWIFT transfer?
Yes. The subscriber must select the OUR option so that all fees are their responsibility and the amount received in the capital increase account corresponds exactly to the planned subscription amount.
⚠️ Important: be particularly vigilant in case of currency conversion.
📩 For any questions, you can contact our team: qonto-ak@qonto.com or consult our FAQ section dedicated to capital increases.