[NEWS] Penta, the digital SME banking upstart, appoints co-founder of solarisBank as new CEO – Loganspace

Hon on the heels of beinggot by firm builder Finleap, German SME banking upstartPentahas appointed a fresh CEO.

Marko Wenthin, who beforehand co-founded solarisBank (the banking-as-a-provider weak by Penta), is now heading up the firm, having replaced outgoing CEO and Penta co-founder Lav Odorović.

I understand Odorović left Penta last month after it used to be mutually agreed with fresh proprietor Finleap that a CEO with extra experience scaling desires to be brought in. The Penta co-founder remains a shareholder in the SME banking fintech and is even handed eyeing up his subsequent venture.

Wenthin, who remains on the board of solarisBank constant with LinkedIn, stepped down from the banking-as-a-provider’s executive team in late 2018 citing “health reasons” and pronouncing that he indispensable to apartment his recovery. It’s no longer known what those health points were, even supposing, regardless, it’s comely to leer that he’s nicely-adequate to bear a fresh feature as Penta CEO.

Asked to comment on Odorović’s departure, Penta issued the following commentary:

“Lav is peaceable phase of the shareholders at Penta. His step relieve from the operational administration team used to be a decision taken by mutual settlement. Lav used to be the merely match sooner or later of the constructing phase of Penta, however by entering a fresh step of development, the firm faces higher challenges and desires this capability that reality to situation itself differently”.

Penta says that in his fresh leadership feature, Wenthin, who beforehand spent 16 years at Deutsche Financial institution, will lead global expansion — subsequent conclude Italy — and originate to market the fintech to increased SMEs to boot to to its fashioned address early-stage startups and other tiny digital corporations. “In the waste, the point of passion would perchance be additionally on aged medium-sized corporations,” says Penta.

Adds Wenthin in a commentary: “I’m very worthy anticipating my fresh feature at Penta. On the one hand, digital banking for tiny and medium-sized corporations is amazingly important to me, as they’re the motive force of the financial system and I in actuality bear spent most of my career on this phase. Alternatively, I in actuality bear known Penta and the team for a if reality be told long time as successful partners of solarisBank. Penta is the suitable example of how a if reality be told targeted banking provider can design genuine, digital added cost for a full customer phase in cooperation with a banking-as-a-provider platform”.

In the period in-between, TechCrunch understands that Odorović’s departure and the appointment of Wenthin isn’t the handiest recent personnel trade within Penta’s leadership team. In accordance with LinkedIn, Aleksandar Orlic, who held the placement of CTO, departed the firm last month. “We are browsing for a fresh CTO,” talked a pair of Penta spokesperson.

Alongside Wenthin, that leaves Penta’s recent administration team as Jessica Holzbach (Chief Customer Officer), Luka Ivicevic (Chief of Workers), Lukas Zörner (Chief Product Officer (CPO) and Matteo Concas (Chief Advertising and marketing Officer).