Denario raises 1.3 million euros

The startup is a startup of former Qonto executive Philipp Pohlmann.

The Berlin-based start-up Denario has raised more than 1.3 million euros in a financing round. This reports Finance Forward. The Berlin-based venture capital firm 468 Capital contributed the most. Also investing were Presight Capital and entrepreneur Mato Perić, founding investor of companies such as Scalable Capital, Cars24 or Razor Group.

Denario is a new startup founded by Philipp Pohlmann, who once led business banking provider Qonto. He had left the company in November 2020, and little had been heard from him since. On Linkedin, he had stated that he was a co-founder of a "fintech in stealth mode." The reason he gave for leaving Qonto back in 2020 was that he wanted to start his own company. The portal It-Zoom quoted him as follows at the time: "The successful market entry as well as the positive developments have made it easier for me to make my decision to put into practice my longstanding desire to start a company myself."

Denario - like Qonto - is in the business banking space. The company aims to make payment transactions easier for startups and small businesses. Soon, "both sides" will become customers: Billers and bill recipients. The company generates a link for its customers. When recipients receive it, they can use it to pay money to the sender.