| Founded | 2017 |
|---|---|
| Closed | 2022 |
| Country | Germany |
| Sector | Fintech |
| Total raised | ~€37M EUR |
| Collapse type | Silent Shutdown |
| Founder | Lav Odorovic |
Penta
"Berlin SMB bank raised €37M and grew to 40,000 business customers. Acquired by Qonto in 2022. Qonto migrated all customers and shut the Penta brand."
Quiet closure with no public announcement
Key Events Timeline
Penta was founded in 2017 by Lav Odorovic and Martin Kassing in Berlin as a digital business bank specifically for German SMBs and freelancers.
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