Penta news and trends

EMEA Daily: Qonto Set to Acquire Penta; African Payments Solution Bizao Raises €8M for Expansion
emea // July 22, 2022

In today’s top news from Europe, the Middle East and Africa (EMEA), Fidel API CTO Andre Elias discusses APIs, Pan-African payment solutions provider Bizao announces a funding round and French digital bank Qonto says it will acquire German rival Penta. Get the Full Story Complete...

French Digital Bank Qonto to Acquire Penta
Acquisitions // July 22, 2022

Qonto, the French digital bank for small businesses and freelancers, on Friday (July 22) announced its intent to acquire German rival Penta. The purchase price was not disclosed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

EMEA Daily: EU Consumer Advocates Seek Rights to Sue Big Tech; Flywire, Adapt IT Digitize...
International // February 23, 2022

In today’s top Europe, Middle East, and Africa news, a coalition has asked EU lawmakers for changes in the Digital Markets Act to allow consumers to sue tech giants for law violations, while global payments platform Flywire Corporation has collaborated with Adapt IT Education to digitize cross-border education...

Today in FinTech: Credit Unions Turn to FinTech Partnerships to Level the Playing Field
Banking // February 23, 2022

In today’s FinTech news, credit unions are finding that to compete like a FinTech, they need to grab a partner, while South African FinTech startup Stitch is striving to make it easier for businesses on the continent to build and scale innovative products. Get the...

Quick Reads
French Digital Bank Qonto to Acquire Penta

July 22, 2022
Qonto, the French digital bank for small businesses and freelancers, on Friday (July 22) announced its intent to acquire German rival Penta. The purchase price was not disclosed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to […]

German Virtual Bank Penta Aims for $500M Valuation

February 23, 2022
German digital business banking platform Penta is speaking with potential investors as it seeks a valuation of between $453 million and $567 million (400 million to 500 million euros). Get...

Penta Lands $20M For Corporate Banking Tech

March 17, 2020
Germany’s Penta, which works in banking for small- to medium-sized businesses (SMBs), has completed a 18.5-million-euro ($20.4 million) funding round, according to a TechCrunch report. Get the Full Story Complete...