Fourthline is a European fintech founded in 2017 that has developed a technology suite enabling financial services providers to carry out KYC (Know Your Customer) and AML (Anti Money Laundering) procedures automatically and in compliance with local requirements.

At a time when local requirements vary from one country to another, even within the European Union, and qualified electronic signatures (QES) are becoming more widespread, Fourthline has positioned itself from the outset to adapt its solutions to the demands of regulators throughout Europe. A winning strategy, which explains why the fintech has become the preferred partner of fast-growing financial players.

This international capability convinced Qonto to use Fourthline as its partner for onboarding its customers in France, Italy and Spain. Through a single API, Qonto will have access to all the technological building blocks: examination of identity documents, authentication of electronic signatures, analysis of biometric data, and use of Fourthline’s OCR (optical character recognition) model to detect any potential manipulation.

Launched in 2017, Qonto is serving more than 400,000 customers, has contributed to the creation of more than 120,000 businesses, and has been awarded the French Tech Next40 label. After raising a total of €622 million globally, it achieved unicorn status in 2022.

Krik Gunning, Co-founder and CEO of Fourthline: " Regulations continue to evolve on a country by country basis, leading to ever increasing complexity for (international) banks and fintechs. Fourthline’s single API slashes this complexity by offering all the building blocks required to comply with local regulations, providing peace of mind to our clients when local regulations change. The French market is a prime example of how updated regulations require a futureproof partner and we are proud to add Qonto to the growing list of French financial institutions that leverage Fourthline’s technology to comply’’