Penta
“Can Qonto consolidate fragmented European SMB banking under a single regulated platform by absorbing local challengers like Penta?”
Founded2016
HQBerlin, Germany
IndustryFintech / SMB banking
The story
Penta launched as a German SMB neobank challenger and was acquired by Qonto in 2022. Following integration, Penta customers now operate under Qonto SA's French ACPR payment institution license via the OLINDA German branch, with funds safeguarded at Crédit Mutuel Arkéa, Société Générale, Natixis or Rothschild Martin Maurel. The brand has effectively been absorbed into Qonto's pan-European SMB banking platform.
Last 12 months
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Product timeline
2019
Penta operates as a German SMB neobank offering business accounts.· banking
2022
Acquired by Qonto, the French SMB neobank.· acquisition
2024
Penta brand migrated under Qonto SA's payment institution license (ACPR N°16958).· pivot
Regulated entities
Payment Institution
France (ACPR) / Germany (BaFin) · 2018
Qonto SA (parent)
The stack
Banking / BaaS
Accounting gap: none