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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital account for managing business transactions and finances.
Physical and virtual cards for secure business payments.
Platform for creating and tracking invoices efficiently.
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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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series B — $17.7M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series B - Penta Bank | Valuation |
investors |
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| Feb, 2021 | Amount | Series B - Penta Bank | Valuation | Abn Amro , RTP Global | |
| Jul, 2020 | Amount | Series B - Penta Bank | Valuation | S7 Ventures , Presight Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital funding is provided to digital company founders.
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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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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Penta Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Penta Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Penta Bank Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Subscription-based online banking is offered to SMEs and freelancers.
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| domain | founded_year | HQ Location |
Tide is recognized as a digital banking platform for businesses.
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| domain | founded_year | HQ Location |
Digital banking services are offered to freelancers and self-employed professionals.
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| domain | founded_year | HQ Location |
Digital banking services are offered to startups and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Penta Bank
Frequently Asked Questions about Penta Bank
When was Penta Bank founded?
Penta Bank was founded in 2016.
Where is Penta Bank located?
Penta Bank is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is Penta Bank a funded company?
Penta Bank is a funded company, having raised a total of $71.69M across 8 funding rounds to date. The company's 1st funding round was a Series B of $4.52M, raised on Aug 01, 2016.
How many employees does Penta Bank have?
As of Dec 31, 2021, the latest employee count at Penta Bank is 63.
What does Penta Bank do?
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.
Who are the top competitors of Penta Bank?
What products or services does Penta Bank offer?
Penta Bank offers Business Account, Firmenkarten, and Rechnungsverwaltung.
Who are Penta Bank's investors?
Penta Bank has 12 investors. Key investors include Qonto, ABN AMRO, Fabrick, RTP Global, and HV Capital.
What is Penta Bank's valuation?
The valuation of Penta Bank is $117.83M as of Aug 2021.
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