Tagged: penta

January 25, 2023 @ 10:42 am By JD Alois  |  

Ginman, a Germany-based Robo-advisor, is looking to expand into digital assets, according to a note from the firm. Ginman historically has focused on equities – more specifically, ETFs or exchange-traded funds. As it seeks to add digital assets as an investment option, Ginman has added… Read More

January 15, 2023 @ 10:26 pm By Omar Faridi  |  

Qonto has revealed its roadmap for the integration of Penta. Qonto, which claims to be the European market leader in digital financial management for SMEs and freelancers joined forces with Penta, the digital business banking provider for SMEs and freelancers in Germany last summer. The… Read More

July 22, 2022 @ 10:01 am By Omar Faridi  |  

Qonto, which claims to be the leading European business finance solution, announced its intent “to acquire German fintech Penta.” The deal, which is expected to close in the next few weeks, “comes amid continuous growth for both companies.” This acquisition “represents the logical next step… Read More

April 2, 2021 @ 7:34 am By Omar Faridi  |  

Co-founder of Germany-based virtual bank Penta has introduced an initiative, known as Relio, which aims to focus on serving Swiss small and medium-sized businesses (SMEs). Relio has been launched because digital banking platforms that exist today are not meeting the unique requirements of smaller businesses…. Read More

February 23, 2021 @ 10:33 am By Samantha Hurst  |  

    Digital banking group Penta announced on Tuesday it has topped up its Series B+ investment round. The company reported the total investment now amounts to €30 million. As previously reported, Penta describes itself as a digital platform for business banking that is aimed… Read More

October 23, 2020 @ 8:19 am By Samantha Hurst  |  

  Digital banking group Penta announced on Thursday it has teamed up with Raisin to introduce overnight and term depots from WeltSparen. Penta reported that the partnership will enable better interest rates on business accounts for its customers, which is now more than 22,000 small… Read More

July 7, 2020 @ 11:03 am By Samantha Hurst  |  

  Digital bank Penta announced on Tuesday it has more than €4 million in funding from new international investors. Penta reported that this second closing of its financing round increases the total investment of its Series B to more than €23 million. The new investors… Read More

May 14, 2020 @ 9:16 am By Samantha Hurst  |  

Digital bank Penta announced on Wednesday its services are now available to Freelancers. The company reported it now supports all types of businesses and legal forms. As previously reported, Penta describes itself as a digital platform for business banking that is aimed towards SMEs and… Read More

March 17, 2020 @ 11:27 am By Samantha Hurst  |  

Digital bank Penta announced on Tuesday it secured €18 million through its latest round of funding, which was led by RTP Global with participation from ABN AMRO Ventures, VR-Ventures, finleap, and HV Holtzbrinck Ventures. The latest funding round comes six months after Penta raised €8… Read More

September 20, 2019 @ 7:23 am By JD Alois  |  

Berlin based digital bank Penta has announced that after only 18 months of operation it has acquired over 10,000 business customers. User numbers have increased over 200% in the past two months, according to a release. Penta is a partner of Berlin-based solarisBank. In August,… Read More

August 6, 2019 @ 8:28 am By Samantha Hurst  |  

Digital bank Penta announced on Monday it secured €8 million through its latest investment round, which was led by HV Holtzbrinck Ventures. Founded in 2017, Penta describes itself as a digital platform for business banking that is aimed towards SMEs and startups. Its key mission… Read More

June 3, 2019 @ 8:05 am By JD Alois  |  

Digital challenger bank Penta has appointed a new Chief Executive Officer. Marko Wenthin, co-founder of solarisBank, will move into the CEO role joining the management team consisting of Jessica Holzbach, Chief Customer Officer, Luka Ivicevic, Chief of Staff, Lukas Zörner, Chief Product Officer and Matteo Concas,… Read More

April 2, 2019 @ 11:05 am By Samantha Hurst  |  

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… Read More

June 19, 2018 @ 6:35 am By JD Alois  |  

Digital bank Penta has launched a new feature entitled “Team Access,” where founders and co-workers may better manage expenses. Services similar to this are frequently found in large enterprise software programs or may be leveraged as a separate service. Penta is seeking to differentiate itself… Read More

March 26, 2018 @ 8:55 am By JD Alois  |  

Penta, a Berlin-based Fintech, has announced a new feature to digitize company formation in Germany. Penta has launched “Compass” a platform that enables businesses to incorporate, create a share structure and open a bank account in less than 24 hours unlike the weeks long process… Read More

February 5, 2018 @ 8:43 am By JD Alois  |  

Berlin based Penta, a challenger bank for startups and businesses, has raised €2.2 million in seed funding just one month after launching in Germany. The investment round was led by Inception Capital, a Fintech focused VC based in the UK. Penta is a partner of Berlin… Read More

January 10, 2018 @ 8:14 am By JD Alois  |  

Yesterday, Transferwise, the UK based Fintech Unicorn, announced it had launched a borderless debit card for a group of trial users. Basically it is a current account that can be used anywhere minus the silly fees banks charge consumers. Transferwise will commence a wide release… Read More