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  5. Qonto Acquires Penta

M&A Deal Summary

Qonto Acquires Penta

On July 1, 2022, Qonto acquired financial services company Penta

Acquisition Highlights
  • This is Qonto’s 1st transaction in the Financial Services sector.
  • This is Qonto’s 1st transaction in Germany.

M&A Deal Summary
Date 2022-07-01
Target Penta
Sector Financial Services
Buyer(s) Qonto
Deal Type Add-on Acquisition

Target

Penta

Berlin, Germany
Penta offers fast and easy business banking for customers in the digital sector. Companies can sign up online in minutes and receive a German IBAN as well as other business banking services. Penta was founded in 2016 and is headquartered in Berlin.

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Buyer(S) 1

Buyer

Qonto

Paris, France
Category Company
Founded 2017
Sector Financial Services
DESCRIPTION

Qonto is a European business finance solution that simplifies everything from everyday banking and financing, to bookkeeping and spend management. Qonto energizes SMEs and freelancers so that they can achieve more. Qonto was formed in 2017 and is headquartered in Paris.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2022 M&A 1 of 1
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