German Fintech FinLeap Announces Acquisition of Digital Business Banking Solution Penta

FinLeap, the fintech start-up platform behind Germany’s SolarisBank, announced on Tuesday it has acquired digital business banking solution, Penta. According to FinLeap, Penta offers fast and easy business banking for digital companies. Penta, which counts over 5,500 digital businesses like AirHelp, bepro11, and Global Digital Women as customers, notably adds a new asset to the FinLeap portfolio.

While sharing details about the acquisition, Ramin Niroumand, Founder and CEO Finleap, stated:

“We are very pleased to welcome Penta to the Finleap family. The team has a great product, which matches perfectly with our existing fintech ecosystem. We believe firmly in vertical banking, and so does Penta with its focus on providing banking solutions for the digital industry. Through our strong network, we are able to accelerate Penta’s business significantly.”

Jessica Holzbach, Co-Founder Penta, added:

“By becoming part of the finleap ecosystem, Penta moves to the next level of growth. With finleaps powerful backbone of strategic partners, investors, tech know-how and top talents, our company can prosper at an unprecedented pace.”

As previously reported, FinLeap was co-founded by Jan Beckers, Ramin Niroumand and Hendrik Krawinkel to found and build digital start-ups within the financial industry. Its portfolio companies include online-insurance broker Clark; Savedo, a marketplace for investment products; FinReach, a software company that created an automated account switching kit; Valendo, an asset-based lender; Pair Finance, for online debt collection; and, a digital platform for real estate investments.
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