Monzo founder and Stripe exec invest in Pento

Latest News

Monzo founder and Stripe exec invest in Pento

By Alexandra Leonards

20/5/2021

Danish payroll automation company Pento has raised $15.6 million in Series A funding.

Monzo founder Tom Blomfield and Stripe’s Diede van Lamoen were among a number of founders and operators that took part in the round.

Pento automates the payroll process, including real-time calculations, tax reporting, payslip generation, and payments.

Around 700 businesses currently use its service, including Pleo, Honest Burgers, and Lacoste.
Eric S Yuan (Zoom), Daniel Graf (Uber, Twitter, Google), Matt Robinson (GoCardless, Nested), and Susan Sobbott (American Express), also invested in the company.

Pento, which has small hubs in Copenhagen and London, said that in the coming months it will expand its service to more countries. It added that it plans to launch its open API which will enable customers to create their own custom workflows.

Banking's GenAI evolution: Beyond the hype, building the future

In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Transforming document management into a strategic advantage for financial institutions

In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.

Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime

The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.

Achieving operational resilience in the financial sector: Navigating DORA with confidence

Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.