Penta & Qonto: Working together for even better business banking

Two of fintech’s market leaders are joining forces to offer an even more powerful product: a single digital financial solution. As you may have heard, Penta was recently acquired by Qonto. In this post, we’ll tell you all about the two successful fintechs and their common goal: to offer you the best digital business account.

Penta was founded in 2017 and has been Germany's leading provider of digital financial management for SMEs, the self-employed and freelancers. The company was serving 50,000 customers in Germany and employing around 200 people at the time of the merger, mainly in Berlin and Belgrade. Penta is one of the most significant up-and-coming German fintechs — they’ve made a significant contribution to the growing demand for digital financial solutions in the country. Effective immediately, Penta and its employees will support Qonto with valuable local experience and specialist knowledge.

The European market leader in financial management, Qonto is one of the most popular business banking solutions for SMEs, start-ups, the self-employed, and founders in Europe. Entrepreneurs themselves, Steve Anavi and Alexandre Prot founded Qonto in 2017. In just 5 years, Qonto has successfully helped over 300,000 companies by providing them a digital financial management solution. Qonto currently operates in four countries (France, Spain, Italy and Germany) and employs more than 900 people. By joining forces with Penta, Qonto is equipping itself with the best possible support for the German market.

The combination of Penta and Qonto is the next step in the continued growth of both companies. The alliance of the two companies promises to be more than the sum of its parts. Together, the aim is to generate added value for customers even faster in Germany and the other markets (France, Italy and Spain). The two market leaders share a common mission and a corporate culture based on solid values. The acquisition further promotes innovation of products and services.

Penta and Qonto are joining forces to offer a business account with even more services for European companies. More powerful together, that's our motto. Here’s a list of just some of the greatest strengths:

- At home and strongly represented in the core markets: Germany and France, Italy, and Spain

- Advanced knowledge and understanding of the needs of SMEs,[self-employed and freelancers

- New ideas and solutions for customers in the future to market even faster and smarter

- The know-how of talented experts with experience from more than 30 countries

- An attitude that considers the protection of our environment and the societies in which we work

- A culture of commitment to supporting our customers in the best possible way

- Products and services that simplify finances for SMEs, the self-employed, and freelancers - from daily banking to invoicing and expenses to accounting

- The right tools to manage your finances on the go

- User friendly and reliable digital solutions - all at fair prices

- Flexible, transparent plans tailored to your business

- All the payment methods you need to grow your business

Rest assured—with Qonto , your money is protected and in accordance with applicable rules and regulations. Our help center is here to provide you with practical information about our products and services, and our customer service is available every day - even on weekends. Contact us via email, chat or phone.