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Press release

Penta, the digital SME banking provider, appoints Marko Wenthin as CEO

- Digital business banking provider Penta expands its management team, with Marko Wenthin as the new CEO

- Wenthin will drive Penta's pan-european expansion and open its customer focus to traditional mid-size companies - the next-level customer segment

Berlin, June 3rd, 2019

The digital business banking provider Penta is expanding its management team. Marko Wenthin joins as CEO the four-member management team consisting of Jessica Holzbach, Chief Customer Officer (CCO), Luka Ivicevic, Chief of Staff (CoS), Lukas Zörner, Chief Product Officer (CPO) and Matteo Concas, Chief Marketing Officer (CMO).

This step was announced today at the Money20/20 international conference in Amsterdam, the Netherlands. Prior to joining Penta, Marko Wenthin co-founded solarisBank, a banking-as-a-service platform with banking license, which Penta also uses as a banking provider for its digital business banking model. Wenthin was a member of the Management Board and Chief Commercial Officer (CCO) of solarisBank.

In his new leadership role at Penta, Wenthin will lead the international expansion of the business banking provider, as well as to open up the next larger customer segment for Penta. The team already offers very successful business banking solutions for companies in formation and especially digital companies. In the future, the focus will be also on traditional medium-sized companies.

Marko Wenthin, CEO Penta, says, “I am very much looking forward to my new role at Penta. On the one hand, digital banking for small and medium-sized companies is very important to me, as they are the driver of the economy and I have spent most of my career in this segment. On the other hand, I have known Penta and the team for a long time as successful partners of solarisBank. Penta is the best example of how a very focused banking provider can create real, digital added value for an entire customer segment in cooperation with a banking-as-a-service platform. Now is the time to get Penta’s fast and easy business banking solution to appeal to the traditional mid-sized companies as well.”

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Wenthin spent 16 years in various management positions at Deutsche Bank, with 10 of those years in Argentina and Poland. In Poland, at 30, he was the youngest member of a bank's Management Board and responsible for IT, Operations, Back and Middle Office. After his time at Deutsche Bank, he founded several Software-as-a-Service companies and helped Asseco, one of Poland's largest IT software companies, to expand into Western Europe. In 2009 he established SOFORT Bank - the sister company of SOFORT Überweisung, an instant payment service, which was later sold to Klarna. SOFORT Bank became the Deutsche Handelsbank. To implement the concept of Banking-as-a-service Platform, he founded solarisBank in 2016 together with Andreas Bittner and the company builder finleap.

Jessica Holzbach, Co-Founder and CCO Penta says, “With Marko Wenthin, Penta’s team has gained a very experienced leader who will decisively advance Penta through his many years of expertise in international banking, both in the traditional and digital areas. Our goal is to establish Penta as a one-stop financial solution for SMEs in the European market, by integration of financial services and local adaptations in each market. With Marko, we have found the right CEO for this mission.”

Penta has already taken its first steps into the Italian market. In autumn, the full Penta service will also be made available to Italian small and medium-sized enterprises (SMEs), with simple business account opening, fully digital and in just a few minutes. In Germany, Penta continuously integrates new partners for its more than 6,000 business customers, most recently the Debitoor invoicing program.

All new developments around Penta can be followed at any time in the Open Penta Product Roadmap.

About Penta

Penta offers fast and easy commercial banking. Companies can open a business account within minutes and receive a German IBAN, Mastercard debit cards, multi-cards for expense management and other business account services. Penta, launched in January 2018, currently has over 6,000 customers in Germany. The company is headquartered in Berlin, with offices in Milan and Belgrade. The management consists of Marko Wenthin, Jessica Holzbach, Luka Ivicevic, Lukas Zörner and Matteo Concas.

Press contact:

Solveig Rathenow

Lead Venture Communication

Mail: solveig.rathenow@finleap.com

Mobile: +49 176 321 44 053

About Penta

Penta is the digital platform for business banking for small and medium sized companies, as well as solo self-employed and freelancers. Within minutes, companies can digitally apply for a business account and receive a German IBAN, debit cards, digital expense management and other financial solutions. The company is headquartered in Berlin, with a branch office in Belgrade.

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