Category Archives: Media Startups

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Penta, the business banking provider for small and medium sized enterprises (SMEs) that was recently acquired by fintech company builder Finleap, has raised “over” €8 million in new funding.

The round is led by HV Holtzbrinck Ventures. Also participating is Finleap, alongside Fabrick, the Italian platform for open banking and fintech services, which is another of Penta’s existing shareholders. The startup raised a €7 million Series A round in late 2018, and is thought to have had over €18 million investment since being founded in 2016.

Meanwhile, today’s new injection of capital comes shortly after Penta was acquired by Finleap, the German company builder that co-founded and also owns a stake in banking platform solarisBank, of which Penta is a customer. Shortly after the deal went through, it was confirmed that Marko Wenthin, who previously co-founded solarisBank, had become Penta’s new CEO, replacing outgoing CEO and Penta co-founder Lav Odorović.

With a team of over 50, Penta now operates from three offices located in Berlin, Belgrade, and Milan. The latter follows a recent merger with Beesy, the Italian micro-business banking startup. Penta CEO Wenthin says internationalisation will be one of the focuses following HV Holtzbrinck Ventures’ backing.

“Penta has shown an incredible amount of passion for the market, the customers, and the product: it is amazing to see what the team has built since their inception,” he says in a statement. “This funding will allow us to further invest into our product and partnerships to become the financial platform of choice for small and medium sized companies. Additionally, we will push the internationalisation of Penta, starting with Italy this year”.

source: https://tcrn.ch/2KuDwVe

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Tech start-up Minut recently closed a $8 million Series A funding round.

The round was led by KPN Ventures, alongside previous backers Karma Ventures, SOSV, and Nordic Makers.

Founded in 2014, Minut are the makers behind the Minut smart home alarm.

Minut has an impressive executive team, led by CEO/co-founder Nils Mattisson – who has spent the past seven years in the Exploratory Design Group at Apple.

The startup’s fresh capital will be used to accelerate growth across markets and to build product portfolio.

Marc Sabas, Venture Principal for Centrica Innovations said, “We first came across Minut as part of our Active Ageing start-up challenge and have been really impressed to see how their product has continued to develop over the past year.”As a global leader in providing cutting-edge connected home products and services, we look forward to working in partnership with the team to explore further opportunities to deliver products that offer greater choice, control and comfort over our customers’ homes.

“We have created the first complete smart alarm to keep your home safe and sound through a single device.”

“Through the use of machine-learning the sound recognition is continuously improved by the Minut community, making the system even better over time.”

Our aim is to make home security and monitoring accessible to everyone, without having to compromise the feeling of home.

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