Finleap acquires German challenger bank Penta
European fintech ecosystem Finleap has acquired Berlin-based digital sector banking solution Penta, reports Jane Connolly.
Penta co-founders Jessica Holzbach and Luka Ivicevic form the management team
The first step will be for Penta to collaborate with Beesy, another Finleap portfolio company that provides digital business banking for freelancers in Italy.
Penta is designed for companies and self-employed workers in the digital industry, offering customers the ability to open a business banking account online in just a few minutes. The company has over 5,500 customers.
“We are very pleased to welcome Penta to the Finleap family,” says Ramin Niroumand, Finleap founder and CEO. “The team has a great product, which matches perfectly with our existing fintech ecosystem.
“We believe firmly in vertical banking and so does Penta with its focus on providing banking solutions for the digital industry. Through our strong network, we are able to accelerate Penta’s business significantly.”
Penta co-founders Jessica Holzbach and Luka Ivicevic form the management team, along with chief product officer Lukas Zörner, while founding CEO Lav Odorovic steps back to a shareholder role.
