Penta, a Berlin-based digital platform for business banking, has raised an additional €4 million from new investors S7V, Presight Capital and two family offices. The round finalises the German startup’s Series B, adding to the first closing of €18.5 million raised in March this year.
“With the new capital, we plan to accelerate our growth path in Germany and continue developing our product offering for SMEs,” says CEO Marko Wenthin.
With Penta, companies can apply for a business account and receive a German IBAN, debit cards for expense management and other financial services. Founded in 2016, the startup is headquartered in Berlin with offices in Milan and Belgrade. The fintech company also raised over €8 million in August 2019.