Relio startup co-founder of Penta raises over $ 3 million


Share post:

Relio, a Swiss SME banking startup founded by Lav Odorovic, the co-founder of German digital bank Penta, has raised over USD 3 million.

The company is introducing a digital payment account for business customers built on a platform designed to get around the compliance and regulatory obstacles that prevent similar businesses from succeeding.

When it comes to serving business customers, Odorovic claims that challenger banks’ anti-money laundering compliance issues have persisted as their weakest point.

The barriers put in place for business customers who must pay salaries and invoices on time will be removed by Relio’s automated compliance system. As soon as the financing round is over, the startup will continue to develop its tech stack and pursue a Finma Fintech license.

Read More: Penta co-founder raises €3 million for Swiss banking startup

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


Please enter your comment!
Please enter your name here


Related articles

Solutions by Text Appoints New Chief Product Officer to Bring Payments & Messaging into New, Autonomous Era

Solutions by Text, creator of FinText, an embedded messaging and payments platform for consumer finance businesses, today announced...

Arta Finance Hires Tomas Arlia to Expand Alternative Investment Offerings

Arta Finance, a fintech company transforming the way people grow, protect and enjoy their wealth, today announced the addition...

Varo Bank Introduces “Varo to Anyone”

Varo Bank announced the launch of "Varo to Anyone," an instant payment service with options for sending money,...

London & Capital Associates with Addepar to Offer Investment Management and Reporting Solutions Globally

London & Capital collaborates with Addepar to introduce portfolio analysis, data modeling, tailored investment management, and performance reporting...