Berlin fintech startup Penta fetches seed funding [Reuters]
Mastercard Incorporated (MA)
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Source: Reuters
Berlin fintech startup Penta fetches seed funding - PE Hub US Edition (daily) Canada Edition (weekly) I accept the Terms and Conditions Berlin-based Penta , a challenger bank for startups and businesses, has secured 2.2 million euros in seed funding. Inception Capital led the round. PRESS RELEASE [Berlin, Monday 5th February] Berlin based Penta, a challenger bank for startups and businesses has raised a €2.2 million seed round one month after launching in Germany as its customer growth has gained pace. The thriving FinTech is also announcing the end of its waitlist, which allows German businesses to open a business bank account with Penta today. A community-focused approach, a promise to make business banking easy and a bold brand has helped the challenger bank gain wide recognition and traction in the business community in Germany. The investment round was led by Inception Capital, a FinTech focused VC based in the UK. The funding will be used to further hiring in order to
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