Recently, Penta, a German fintech startup, raised €7 million in Series A funding from Inception Capital. For the uninitiated, the startup secured €2.2 million seed funding from the London-based Venture Capital firm earlier this year as well. Eventually, Penta has received overall funding of nearly €10 million since it was founded in 2016 by Lav Odorovic, Luka Ivicevic, Sir Gabriel Holbach, Aleksandar Orlic, Igor Kuschnir and Jessica Holzbach.
The startup makes it easy to save money by letting consumers open an account where they can pay as they grow. Penta makes the process of opening an account easy and provides all the necessary financial tools as the banks.