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Qonto, one of Europe’s leading financial technology companies, recently announced its intention to acquire German fintech company Penta. Through the acquisition, Qonto aims to become the leading financial solution provider in Europe.
Founded in 2017, Penta is one of Germany’s fastest growing fintech companies. The company has more than 50,000 clients in the country and more than 200 employees based in Berlin and Belgrade. Qonto was launched in France in 2017. According to details shared by Qonto, the acquisition of Penta will enable the company to achieve its ambitions for the German market.
“When Steve Anavi and I founded Qonto in 2016, we had the ambitious goal of simplifying the day-to-day banking of European SMEs and freelancers. Today, I We have already entered four European markets and are very proud of what we have achieved so far, but we want to go further. The next step, of course, is penta and power. We welcome the Pentateam embarkation. Together, we will be the financial solution of choice for 1 million European SMEs and freelancers by 2025. ” comment Qonto CEO Alexandre Prot.
In an official press release, Penta said the deal is expected to close in the coming weeks.
Qonto achieved rapid growth in Germany in 2021 as the number of customers increased by 170% year-on-year. Fintech companies said the acquisition of Penta could make the company a leader in digital business finance in Europe.
Markus Pertlwieser, CEO of Penta, said: As a team with Qonto, we are very pleased to have the opportunity to actively form digital banking for European business clients. “
Qonto, one of Europe’s leading financial technology companies, recently announced its intention to acquire German fintech company Penta. Through the acquisition, Qonto aims to become the leading financial solution provider in Europe.
Founded in 2017, Penta is one of Germany’s fastest growing fintech companies. The company has more than 50,000 clients in the country and more than 200 employees based in Berlin and Belgrade. Qonto was launched in France in 2017. According to details shared by Qonto, the acquisition of Penta will enable the company to achieve its ambitions for the German market.
“When Steve Anavi and I founded Qonto in 2016, we had the ambitious goal of simplifying the day-to-day banking of European SMEs and freelancers. Today, I We have already entered four European markets and are very proud of what we have achieved so far, but we want to go further. The next step, of course, is penta and power. We welcome the Pentateam embarkation. Together, we will be the financial solution of choice for 1 million European SMEs and freelancers by 2025. ” comment Qonto CEO Alexandre Prot.
In an official press release, Penta said the deal is expected to close in the coming weeks.
Qonto achieved rapid growth in Germany in 2021 as the number of customers increased by 170% year-on-year. Fintech companies said the acquisition of Penta could make the company a leader in digital business finance in Europe.
Markus Pertlwieser, CEO of Penta, said: As a team with Qonto, we are very pleased to have the opportunity to actively form digital banking for European business clients. “
