FinTech news in Qonto category

The Qonto and Penta teams are going to merge with Penta’s co-founder Lukas Zörner acting as the new VP of Germany for Qonto. As for existing customers, Qonto now expects to move all Penta customers to Qonto banking platform by the end of 2023. While Penta is no longer accepting new customers, new German companies looking for a bank account can sign up to Qonto directly. At the time of the acquisition, Penta was serving 50,000 companies in Germany while Qonto had 300,000 customers in France, Spain, Italy and Germany.

While there are still a lot of SMEs that are not using Qonto in France, Germany, Spain and Italy, Qonto also plans to enter new market in 2023.