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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.
Accordingly, the past Penta partners are to have received Qonto shares at a value of 179 million euros. In addition, employees are also said to have been paid out, which added up to a total sum of around 200 million euros.
With the acquisition of the Berlin-based business customer fintech, Qonto plans to expand its presence in the German market. Earlier this year, France’s Unicorn raised €486 million, which enabled it to increase the €200 million needed to acquire Penta.