Monzo founder and Stripe exec invest in Pento

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.

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