Tag: Penta
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This Is How Much Money Is Said To Have Flowed For The Penta Takeover!
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The purchase price paid by French startup Qonto for fintech Penta has not been officially disclosed. However, the financial portals Finance Forward, and Finanz-Szene has researched that the purchase price is said to have been around 200 million euros. The media refer thereby to documents from the French trade register.
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Berlin-Based Fintech Penta Sold To French Competitor Qonto!
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PayNews42 reported the rumors a few days ago. Friday morning, the two companies announced the transaction in blog posts. The Paris-based fintech Qonto acquired its German competitor Penta. The transaction is expected to be finalized in the coming weeks.
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Fintech M&A deal of the year: Penta Sold To Qonto?
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The Berlin-based neobank Penta is about to be sold to its highly-funded French competitor Qonto. According to several people familiar with the matter, the deal has already been negotiated and could be announced soon. The purchase price is in the mid-three-digit million range. However, whether the deal will be settled…