The German start-up Penta Fintech GmbH, led by former Deutsche Bank AG executive Markus Pertlwieser, is seeking a valuation of between 400 million and 500 million euros ($453 million to $567 million) as it holds talks with potential investors despite a difficult market environment, according to people familiar with the matter.
Penta is a Germany-based neo-banking platform that offers digital banking, accounting integration and expense management solutions for individuals and businesses.