Penta no longer accepts new customers

With this step, Neobank initiates the departure from Solarisbank. Migration of customers to the new French parent Qonto begins.

Since the beginning of this week, interested customers can no longer open an account at Neobank Penta. Instead, they will be redirected directly to Qonto, the new parent of the Berlin-based company. This is the result of research by Finance Forward. The French company Qonto took over Penta in the summer.

The fintech's business model is to provide a user interface as a "front-end" bank, but to operate without its own banking license. Since its founding in 2017, Solarisbank operated both the background processes and the deposit business. This is now changing. The new measure marks the gradual transition from Penta to Qonto.The details of the move are still unclear in this regard. For example, customers do not yet know what will happen to their respective IBANs and whether they will remain German.

Accordingly, the migration of the customer base to Qonto is likely to proceed gradually. For the time being, however, nothing will change for existing customers. However, according to insider information from Finance Forward, the migration of existing customers should also take place by the end of next year.