Qonto to complete Penta integration by the end of 2023

Qonto to complete Penta integration by the end of 2023

Qonto immediately unveils its roadmap for Penta’s integration.

Qonto, the European market chief in digital monetary administration for SMEs and freelancers, joined forces with Penta, the main supplier of digital enterprise banking for SMEs and freelancers in Germany final summer time. Integration roadmap results in one workforce, one platform and one model. Penta’s profitable integration in Germany – anticipated to be totally accomplished by the top of 2023 – marks an vital milestone in Qonto’s path to profitability.

This announcement marks the anniversary of Qonto’s record-breaking fundraiser. Qonto CEO and Co-Founder Alexandre Prot: “Germany was Qonto’s quickest rising market in each 2021 and 2022 and we are going to proceed to construct on this momentum in 2023. Consolidation within the European fintech trade. By integrating Penta, Qonto’s We’re becoming a member of forces to strengthen our place because the digital enterprise finance chief that European SMEs and freelancers count on and wish.”

One workforce: Penta workers be a part of Qonto workforce
Following the settlement and to assist its sturdy development targets in Europe, Qonto accomplished the combination of Penta workers into the Qonto workforce. Its know-how and clients within the German market will additional improve Qonto’s present technique in Germany. Since October 2022, Qonto’s Germany enterprise has been led by Lukas Zörner, considered one of Penta’s Co-Founders and Qonto’s new Vice President of Germany.

Single platform: All Penta clients can be built-in into Qonto’s platform by the top of 2023
Steadily, all present Penta clients can be invited emigrate their accounts to Qonto and make the most of Qonto’s complete enterprise finance answer. All Penta clients are anticipated to be built-in into Qonto’s personal platform by the top of 2023. Qonto has its personal core banking system since 2019. As a regulated cost establishment, Qonto is allowed and controlled by the French Prudential Supervision and Decision Authority (Autorité). de Contrôle Prudentiel et de Résolution or ACPR). In Germany, Qonto operates below the joint supervision of BaFin (Federal Monetary Supervisory Authority) and ACPR.

Lukas Zörner: “We offer 7/7 devoted buyer assist and a seamless move for account migration, so adjustments can be stored to a minimal for Penta clients. Prospects migrating to Qonto will proceed to have entry to the options they know. Additionally, buyer invoicing, provider billing and SEPA Instantaneous They are going to acquire entry to Qonto’s premium services, together with. With this enhanced providing, we will tackle clients’ ache factors even higher and serve their total enterprise banking wants in a single platform.”

One model: Qonto will function solely below its personal model in all markets
From immediately, Penta can be often known as “Penta by Qonto”. Within the medium time period, Qonto will solely function below the Qonto model in Germany, because it does in all European markets.

Constructing the European champion for digital enterprise finance administration
All clients will profit from the mixed strengths of each corporations that go far past easy industrial banking. Qonto gives an end-to-end monetary administration product and providers that meet the monetary wants of small and medium-sized European companies. With Qonto, SMEs and freelancers can simply handle their day-to-day enterprise funds, from banking and finance to accounting and spending administration.

Along with Penta, Qonto is constructing the European champion for enterprise finance administration, serving over 350,000 SMEs and freelancers throughout Europe.

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