Germany based provider of a digital platform for business banking to SMEs raised €8m in funding led by HV Holtzbrinck Ventures. The new funding comes months after Penta was acquired by Finleap in April 2019 and merged with Beesy, another Finleap portfolio company.
“Penta has shown an incredible amount of passion for the market, the customers, and the product: it is amazing to see what the team has built since their inception,” he says in a statement. “This funding will allow us to further invest into our product and partnerships to become the financial platform of choice for small and medium sized companies. Additionally, we will push the internationalisation of Penta, starting with Italy this year”.