# Penta Fintech Holding

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/penta-fintech-holding

- Industry: Financial Services
- Headquarters: Berlin, Germany
- Website: www.getpenta.com
- Total disclosed funding: $72M
- Latest round: Series B (Jul 29, 2021)
- Investors on record: 9

## About

Founded in 2017 by Lav, Luka, Jessica, Aleks, Igor, and Sir, and based in Berlin, Germany, Penta Fintech GmbH offers business banking experience powering over 30,000 German businesses. The company facilitates international payments in 35 currencies across 212 countries. The company is chaired by Markus Pertlwieser as CEO and serves over 25,000 customers including companies and sole proprietors of all legal forms. 

Penta Fintech GmbH raised EUR 18.5 million in Series B funding in March 2020 co-led by new investor RTP Global and returning investor HV Holtzbrinck Ventures, with participation from other new investors and EUR 4 million in Series B funding, as a part of a larger EUR 30 million Series B funding round in July 2020 led by new investors Presight Capital and S7 Ventures. In 2021, Penta Fintech Holding GmbH raised EUR 7.5 million in Series B funding as a part of a larger EUR 30 million Series B round, from new investor CitiusTech Inc. and returning investors. 

The company offers a business banking platform connecting financial services to bank accounts. Penta’s services include the facility of full-fledged payments, expense management with corporate cards, virtual and sub-accounts management, batch payments, cashflow management, lending, and multi-account access. Additionally, the company offers the facility of SEPA direct debits, international payments, integrations with DATEV to transfer accounting data, and accounting tools and integrations. Penta also offers KfW Instant Loan, business loans, overnight and time deposits, and Penta POS. 

Penta generates revenue through its pricing model which is offered in advanced, premium, and ultimate plans. The advanced model is charged at EUR 9 per month plus VAT, EUR 19 per month plus VAT for the premium plan, and a tailored pricing model for the ultimate plan suitable for big enterprises with over 60 employees.

The company plans on utilizing the Series B funding raised in 2020 to continue developing its product offerings for SMEs and accelerate its growth path in Germany. Additionally, the company will utilize the funding raise in 2021 to expand its business model and its operation to other European countries in the near future.

## Funding rounds

- Series B, Jul 29, 2021, $18M — RTP Global, Redstone, ABN AMRO Ventures, S7V
- Series B, Feb 23, 2021, $9.1M — HV Capital, RTP Global, Finleap, Redstone, Presight Capital, ABN AMRO Ventures, S7V, Fabrick SpA
- Series B, Jun 26, 2020, $4.5M — Finleap, Presight Capital, S7V
- Series B, Mar 11, 2020, $21M — HV Capital, RTP Global, Finleap, Redstone, ABN AMRO Ventures
- Series A, Aug 5, 2019, $8.9M — HV Capital, Finleap, Fabrick SpA
- Series A, Oct 15, 2018, $8.1M — Inception Capital
- Seed, Feb 5, 2018, $2.8M — Inception Capital

## Investors

- Inception Capital — Seed, Series A
- HV Capital (https://capitalatlas.ai/funds/hv-capital) — Series A, Series B
- Finleap (https://capitalatlas.ai/funds/finleap) — Series A, Series B
- Fabrick SpA — Series A, Series B
- RTP Global (https://capitalatlas.ai/funds/rtp-global) — Series B
- Redstone (https://capitalatlas.ai/funds/redstone) — Series B
- ABN AMRO Ventures (https://capitalatlas.ai/funds/abn-amro-ventures) — Series B
- Presight Capital — Series B
- S7V — Series B