October to provide P2P loans through Qonto business accounts
European peer-to-peer lender October has partnered with Qonto, enabling the fintech business bank’s customers to access its loans in France, Italy and Spain.
Qonto account holders will be able to access October’s classic loan as well as the state-guaranteed loan (SGL) it provides in France and Italy.
Users will be able to borrow up to €30,000 (£26,000) over 24 months for the classic loans and the same amount over 60 months for the SGLs.
“For the first time, our customers who want to benefit from a loan, including an SGL, have the possibility to access a quick and easy credit solution to finance their project,” Alexandre Prot, co-founder of Qonto, said.
“They can organise everything from their Qonto account, taking advantage of October’s expertise.”
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