News

July 22, 2022

French business bank unicorn Qonto buys German competitor Penta

It’s part of a drive to become the number one small business bank in Germany


Amy Lewin

3 min read

The cofounders of fintechs Penta and Qonto, which were involved in an M&A deal this year

Qonto, the French business banking unicorn, today announced plans to acquire German fintech Penta.

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Amy Lewin

Amy Lewin is Sifted’s editor and host of Startup Europe — The Sifted Podcast . Follow her on X, LinkedIn and Bluesky

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