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Penta: Launching a new venture called Relio targeting Swiss SMEs

  • Penta the digital platform for business banking aimed at SMEs and startups
  • German digital bank Penta launching a new venture, called Relio, targeting Swiss SMEs
  • Relio says that while digital banks have mastered intuitive user interfaces and lower prices
  • Founder Lav Odorovic experience in tackling this problem from his time at Penta, which targeted German freelancers
  • Relio says it enables complex companies to benefit from the advantages of digital accounts
  • Currently running a waitlist as it applies for a Finma license, Relio graduated from the F10 accelerator
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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