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Penta, the German business banking startup, raises 8M additional funding

Penta, the business banking provider for small and medium sized enterprises (SMEs) that was recently acquired by fintech company builder Finleap, has raised over 8 million in new funding.
The round is led by HV Holtzbrinck Ventures. Also participating is Finleap, alongside Fabrick, the Italian platform for open banking and fintech services, which is another of Pentas existing shareholders. The startup raised a 7 million Series A round in late 2018, and is thought to have had over 18 million investment since being founded in 2016.
Meanwhile, todays new injection of capital comes shortly after Penta was acquired by Finleap, the German company builder that co-founded and also owns a stake in banking platform solarisBank, of which Penta is a customer. Shortly after the deal went through, it was confirmed that Marko Wenthin, who previously co-founded solarisBank, had become Pentas new CEO, replacing outgoing CEO and Penta co-founder Lav Odorovic.
With a team of over 50, Penta now operates from three offices located in Berlin, Belgrade, and Milan. The latter follows a recent merger with Beesy, the Italian micro-business banking startup. Penta CEO Wenthin says internationalisation will be one of the focuses following HV Holtzbrinck Ventures backing.
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.
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