Penta Raises €18.5 million
Penta, the Berlin-based business banking challenger, has raised €18.5 million. Leading the round is new investor RTP Global and existing investor HV Holtzbrinck Ventures. Also participating is ABN AMRO Ventures, VR-Ventures, and Finleap, the fintech company builder that has a major stake in Penta.
Founded in 2016, Penta offers a range of banking features – online and offline – such as account management, loans, and POS solutions. The startup also recently introduced Kompass, a service to help entrepreneurs legally establish their company.
In recent months, Penta has experienced “exponential growth.” It expanded to Italy and now counts more than 17,000 SME’s on the platform.
“We are always searching for exceptional teams who are ready for the sprints, prepare for the marathons and have the tenacity to grow their business and disrupt their respective market. In Penta, we found all of that: a strong team, rapid growth and the mission of solving the problems of their SME customers by thinking outside the traditional banking frame.” – Alex Pavlov, Partner at RTP Global.