Penta joined forces with Qonto with the goal of providing a single digital solution to meet all your business finance needs. As an existing Penta customer, you can access your account as usual.
Yes. Business is continuing as usual, so you’ll still have access to your account. While we integrate the two companies’ systems, we’ll keep you informed of all the steps as they come along.
Absolutely – Penta’s customer service is still here for you.
And with a Trustpilot rating of 4.6/5 stars, Qonto is also among the highest rated in the European finance sector – so you’ll be in good hands, no matter what.
Qonto’s acquisition of Penta represents the next step in Qonto’s long-term ambition to become the finance solution of choice for one million European SMEs and freelancers by 2025. With Penta – the leading German digital business finance solution for SMEs, sole proprietors and freelancers – and its 50,000 customers, Qonto is primed to achieve its ambitions for the German market.
You can read the full details here.
Qonto was born out of frustration in 2017.
Previously, as Alexandre Prot and Steve Anavi were building their first company together, they felt bogged down by their own banking experience. It was time-consuming. It was complex. It also lacked the modern tools that progressive companies need.
So, they decided to create a banking product they would’ve loved as entrepreneurs. One that, when you use it, just seems to “click”. Qonto’s ambition is crystal clear: to build the best business finance solution by harnessing technology and design and by offering fair and transparent pricing.
You’ll be able to keep enjoying all the parts of Penta you love, like having a 100% digital account, a German IBAN, sub-accounts, integrations with DATEV and lexoffice and so on.
But now, with Qonto, you’ll also:
*for premium plans
At Qonto, you’ll find a wider range of pricing plans than were offered by Penta. Because not all entrepreneurs have the same needs, Qonto offers a broad choice of subscriptions designed to satisfy the various business needs of freelancers and SMEs.
Like Penta, Qonto’s subscriptions for freelancers and sole proprietors start at €9/month excluding tax (the Basic plan). For more advanced needs, other options include the Smart and Premium plans at €19 and €39 per month respectively (excl. tax). As a company grows, some business owners want to streamline their finance management, invite other team members as users and push payment limits higher. Qonto’s range of subscriptions for SMEs makes this possible, starting with the Essential plan at €29/month.
All of Qonto’s pricing plans are transparent and don’t hide any extra costs or fees. Learn more about Qonto’s plans here.
As we set about integrating Qonto and Penta, we intend to take Penta’s learnings and incorporate them into Qonto’s existing initiatives.
Qonto is a Payment Institution operating in Germany through a branch office under the joint supervision of the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). The entirety of the funds deposited by customers is safeguarded in compliance with the relevant legislation. In other words, funds deposited with Qonto are safe because they are totally separate from its cash flow, in line with the applicable requirements.
Qonto can safeguard funds through different mechanisms:
Regardless of how client funds are safeguarded by Qonto, it is important to note that all of these arrangements have been subject to prior authorisation by the ACPR, as required by the rules applicable to Qonto.
