About Penta Bank
Penta Bank is a Financial Services company based in Berlin (Germany) founded in 2016 by Alexandre Prot, and was acquired by Qonto in July 2022. Digital banking services for SMEs are provided via mobile app. Penta Bank has raised $71.69 million across 8 funding rounds from investors including Qonto, ABN AMRO and Fabrick. The company has 63 employees. Penta Bank was last valued at $117.83 million in August 2021. Penta Bank offers products and services including Business Account, Firmenkarten, and Rechnungsverwaltung. Its focus areas include FinTech, Banking Tech, Internet First Banks and Through Bank Partnerships. Its legal entity is Penta Fintech GmbH.
Company details
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.
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.
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 $71.69M
- Total Rounds 8
- Last Round Series B — $17.67M
- Investors Count 11
All 8 funding rounds of Penta Bank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2021 | $17.67M | Series B | $117.83M | – | – |
| Feb 2021 | $9.1M | Series B | – | Abn Amro, RTP Global | |
| Jul 2020 | $4.52M | Series B | – | S7 Ventures, Presight Capital | – |
| Mar 2020 | $20.63M | Series B | – | HV Capital, RTP Global | |
| Aug 2019 | $8.93M | Series A | – | HV Capital | |
| Oct 2018 | $8.09M | Series A | – | Inception Capital Management | – |
| Feb 2018 | $2.74M | Seed | – | Inception Venture Capital | – |
| Aug 2016 | Seed | – | Startupbootcamp | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2021 | $117.83M | •••••••• |
Last known valuation $117.83M (Aug 2021). 12 investors in total: 12 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital funding is provided to digital company founders. | hvcapital.com | Munich, Germany | ||
Venture capital fund focused on multiple sector | s7.vc | Irvine, United States | ||
Venture capital firm focused on tech startups | vr-ventures.vc | Berlin, Germany | ||
Venture capital fund backed by the Christian family office | presight.vc | West Hollywood, United States | ||
A venture capital-backed startup studio is focused on fintech innovation. | finleap.com | Berlin, Germany | ||
Venture capital firm focused on early-stage technology companies | 2011 | rtp.vc | New York, United States | |
PE firm investments are directed toward US and Australia opportunities. | inceptionfunds.com | Kirkland, United States | ||
| inceptionvci.com | ||||
Tech focused global accelerator firm | startupbootcamp.org | London, United Kingdom | ||
ABN AMRO is recognized as a personal bank in the digital era. | 1991 | abnamro.com | Amsterdam, Netherlands |
Investor details for Penta Bank
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Penta Bank
561 people are tracked at Penta Bank (77 in leadership, 484 in team); the tracked headcount is 63.
| Name | Role | Group |
|---|---|---|
Alexandre Prot | Co-Founder | Leadership |
Maxime LAOT | Chief Risk & Compliance Officer | Leadership |
Jordi Gudiol Hulth | COO | Leadership |
Kami Jagodzinski | VP Customer Success | Leadership |
Gabriel De Laboulaye | Head of Back-End | Leadership |
Bénédicte Navellou | Head of People Experience | Leadership |
Jens Steinheuser | Head Of Accounting | Leadership |
Frantz Gauthier | Head Of Web | Leadership |
Marco Bersani | Head Of Backend | Leadership |
Julie Catteau | Chief Of Staff | Leadership |
Steve Anavi | President & Co-Founder | Leadership |
Micol Levi | Head Of Anti Financial Crime Italy | Leadership |
Kévin Prettre | Head of SRE | Leadership |
Lyto Linardi | People Business Partner | Leadership |
Philippine Rougevin-Baville | Managing Director Western Europe | Leadership |
Julien Datour | Head Of Engineering | Leadership |
Luise Linden | VP Product Engineering | Leadership |
Ayoub El Aassal | Security Director | Leadership |
Albertine Lecointe | VP Product | Leadership |
Sarah Ben Allel | VP, People | Leadership |
541 more people are available in the full profile.
Complete people profiles for Penta Bank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Penta Bank
6 dated milestones of Penta Bank across 6 years, from founding to its latest funding, stage changes and deals.
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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.
Penta Bank has 63 employees.
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.
Penta Bank operates through Penta Fintech Gmbh.
Yes. Penta Bank was acquired by Qonto in July 2022.