The democratisation of financial services opened a slew of opportunities for startups and entrepreneurs to launch online banking businesses. In fact, the banking software companies played a critical role in enhancing the existing infrastructures and removing barriers for entering the business in a more efficient way.
In this new digital era, it is important for the digital banks to transform in order to innovate, deliver a meaningful customer experience and sharpen their competitive edge. Penta is one such solution that offers fast and easy business banking for customers in the digital sector.
Finleap acquires Penta
In a recent development, Berlin-based Penta, the digital business banking solution has been acquired by fintech venture builder finleap. Having said that, the terms of the deal remain undisclosed.
For the uninitiated, Penta offers fast and easy business banking for customers in the digital sector. Companies can sign up online in minutes and receive a German IBAN as well as other business banking services.
Extended part of the finleap ecosystem!
According to the company, becoming part of the Finleap “ecosystem” will help the SME banking provider increase the speed at which it expands internationally. Penta, which counts over 5,500 digital businesses like AirHelp, bepro11 and Global Digital Women as customers, add a new asset to the finleap portfolio.
Jessica Holzbach, Co-Founder Penta: “By becoming part of the finleap ecosystem, Penta moves to the next level of growth. With finleaps powerful backbone of strategic partners, investors, tech know-how and top talents, our company can prosper at an unprecedented pace.”
Penta to launch a slew of features!
In the course of this year, Penta plans to release many features like direct debits, loans, international transfers and more. The company’s model complements the existing value chain of services, designed for companies and self-employed workers from the digital industry, in the finleap ecosystem like Cybersecurity with Perseus and digital debt collection with PAIR Finance.
Ramin Niroumand, Founder and CEO finleap: “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.”
Beesy and Penta complement one another!
In collaboration with Beesy, both companies aim to digitize financial management for companies and micro-businesses of the digital industry, in order to help entrepreneurs and business owners to bank less so that they can focus more on their business.
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.
Developed 16 companies with its infrastructure
Finleap is Europe’s leading fintech ecosystem, headquartered in Berlin and with an office in Milan. Founded in 2014 by the HitFox Group and Ramin Niroumand, finleap has already developed 16 companies with its infrastructure and added more to its ecosystem through acquisitions.
Stay tuned to Silicon Canals for more updates in the tech startup world.
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