• FOUNDING YEAR: 2016
    LOCATION:
    Germany
    REGION:
    Berlin
    Last Update:
    14 Feb, 2020

Description

FOCUS

PRODUCTS & SERVICES:
Digital banking platform for SME's in Europe. Penta offers a Starter and Advanced account. The Starter account is free to open and offers all the basic services for less complex businesses. Advanced account offers lower fees, fintech applications that can help businesses make better decisions, as well as more complex services like loans and insurance.
REVENUE MODEL:
Viewable by subscribers only

PEOPLE

FOUNDERS:
Luka Ivicevic, Lav Odorovic, Aleksandar Orlic, Sir Gabriel Holbach, Igor Kuschnir, Jessica Holzbach
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Inception Capital Management, inceptionvci.com, Startupbootcamp
KEY EMPLOYEES:
Lav Odorović(CEO); Sir Gabriel Holbach(CEO)

TRACTION

COMMENT:
The platform has now opened its waitlist up to new users, and hopes to reach 10,000 businesses by the end of 2018.

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$19.82 Millions
DATE OF LAST FUNDING:
Aug 2019
TOTAL FUNDING COMMENT:
The company uses the fund to meet the banking needs of small to medium-sized businesses, including startups. (Oct. 2018)
SEED & PRIOR FUNDING:
$10.83 Millions
SEED CLOSED ON:
Oct 2018
SEED PRIOR FUNDING COMMENT:
The company has received undisclosed amount from accelerator(Aug 2016).
FUNDING SERIES:
SERIES A
$8.99 Millions Closed: Aug 2019
LISTED:
NO

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