On July 3, Penta and Qonto announced that they are merging. To do so, Qonto plans to fully acquire Penta.
Qonto is the market leader in France for digital financial management for small and medium-sized enterprises (SMEs), the self-employed and freelancers, and is active throughout Europe; Penta is the market leader in this segment in Germany. The transaction is expected to close in the coming weeks.
This is very good news – especially for PENTA customers. The merger of the two market leaders will create a true European champion for digital business banking overnight:
at home and strong in Europe’s core markets: Germany and France, Italy and Spain
with deep knowledge and understanding of the needs of SMEs, self-employed and freelancers
with products and services that make the finances of SMEs, self-employed and freelancers simpler and more convenient – from day-to-day banking, invoicing and expense management to accounting and hedging entrepreneurial risks
with digital solutions that are always available and reliable, simple and convenient – and that have comprehensible and fair prices
with the ability to bring new ideas and solutions for customers to market even faster and smarter in the future
with the know-how of talented digital experts and business customer specialists from more than 30 countries
with an attitude that also takes into account the protection of our environment and the societies in which we operate
Characterized by a culture of willingness and joy to always be there for our customers in the best possible way
The teams of Qonto and Penta are already working to define the further details of the future collaboration.
We have been with PENTA through ups and downs over the last 3 years – from complete restructuring to fundraising in the pandemic and are very proud of this fantastic exit.