About Penta Bank
Penta Bank is a company based in Berlin (Germany) founded in 2016 by Alexandre Prot was acquired by Qonto in July 2022. Penta Bank has raised $71.69 million across 8 funding rounds from investors including Qonto, ABN AMRO and Fabrick. The company has 63 employees as of December 31, 2021. Penta Bank offers products and services including Business Account, Firmenkarten, and Rechnungsverwaltung. Penta Bank operates in a competitive market with competitors including Qonto, Tide, Kontist and EVVA Finanzas, among others.
- Headquarter Berlin, Germany
- Employees 63 as on 31 Dec, 2021
- Founders Alexandre Prot
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Penta Fintech Gmbh
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Products & Services of Penta Bank
Penta Bank offers a comprehensive portfolio of products and services, including Business Account, Firmenkarten, and Rechnungsverwaltung.
Digital account for managing business transactions and finances.
Physical and virtual cards for secure business payments.
Platform for creating and tracking invoices efficiently.
People of Penta Bank
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Software Development Team
94 people
Senior Team
74 people
Product Management Team
74 people
Customer Team
38 people
Operations Team
29 people
Data Analysis and Operations Team
28 people
Staff Team
20 people
Human Resources and Administration
18 people
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Funding Insights of Penta Bank
Penta Bank has successfully raised a total of $71.69M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $17.67 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Penta Bank
Penta Bank has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Qonto, ABN AMRO and Fabrick.
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Venture capital fund focused on multiple sector
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Venture capital firm focused on tech startups
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Investor details for Penta Bank
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Investments & Acquisitions by Penta Bank
Investment portfolio details for Penta Bank
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Financial Statements - Penta Bank
Detailed financials for Penta Bank
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Penta Bank Comparisons
Peer comparison for Penta Bank
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Competitors of Penta Bank
Penta Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Qonto, Tide, Kontist and EVVA Finanzas, among others.
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Subscription-based online banking is offered to SMEs and freelancers.
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Tide is recognized as a digital banking platform for businesses.
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Digital banking services are offered to freelancers and self-employed professionals.
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Digital banking services are offered to startups and businesses.
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Detailed competitors of Penta Bank
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Latest news on Penta Bank
Complete news archive for Penta Bank
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Frequently Asked Questions about Penta Bank
Penta Bank was founded in 2016.
Penta Bank is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Penta Bank is a funded company, having raised a total of $71.69M across 8 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Penta Bank is 63.
Penta Bank was founded in 2016 in Berlin, Germany, as a digital bank targeting small and medium-sized enterprises. Services such as current accounts, money transfers, online payments, expense management, bill payments, accounting, prepaid cards, business loans, and point-of-sale banking are offered. The platform operates through an app available on iOS and Android devices, serving sectors including startups, IT providers, healthcare, and hospitality.
Penta Bank offers Business Account, Firmenkarten, and Rechnungsverwaltung.
Penta Bank has 12 investors. Key investors include Qonto, ABN AMRO, Fabrick, RTP Global, and HV Capital.
The valuation of Penta Bank is $117.83M as of Aug 2021.