Pento - About the company
Pento is an acquired company based in London (United Kingdom), founded in 2016 by Emil Hagbarth Rasmussen and Jonas Bogh Larsen. It operates as a Payroll management solution provider. Pento has raised $54.3M in funding from investors like Seedcamp, General Catalyst and Tiger Global Management, with last known valuation of $*****. The company has 9967 active competitors, including 488 funded and 527 that have exited. Its top competitors include companies like Workday, Gusto and Oracle.
Company Details
Pento provides a payroll management solution provider. It offers payroll for the payments of wages and automated reporting, and premium which provides platform access to employees for managing their profile and payslips. It offers multiple subscription plans depending on the features of the products. It integrates with Xero, bob, nest, bambooHR, SmartPension, Quickbooks, and more.
- Website
- www.pento.io
- Email ID
- *****@pento.io
- Phone Number
- +44 **********
- Registered Address
- Højbro Plads 10, 2.
Key Metrics
Founded Year
2016
Location
London, United Kingdom
Stage
Acquired
Total Funding
$54.3M in 5 rounds
Latest Funding Round
Last Known Valuation
$***** as on Sep 10, 2019
Ranked
217th among 9967 active competitors
Employee Count
13 as on Aug 31, 2026
Investment & Acquisitions
Exit Details
Acquired by Bob (Feb 13, 2024)
Legal entities associated with Pento
Pento is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Pento Aps CIN: 37959383 , Denmark, Active | Aug 25, 2016 | - | 5 (As on Dec 31, 2021) |
Pento's acquisition details
Pento got acquired by Bob on Feb 13, 2024.
Click here to take a look at Pento's acquisition in detail
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Pento's funding and investors
Pento has raised a total funding of $54.3M over 5 rounds. Its first funding round was on Jul 25, 2017. Its latest funding round was a Series B round on Dec 07, 2021 for $*****. 6 investors participated in its latest round. Pento has 12 institutional investors and 8 angel investors.
Here is the list of recent funding rounds of Pento:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 07, 2021 | 3076312 | Series B | 7726290 | 7894056 | 9498573 | 8876225 |
May 19, 2021 | 7110048 | Series A | 7561670 | 5436388 | 6315253 | |
Sep 03, 2019 | 5718104 | Seed | 8310070 | 5129555 |
View details of Pento's funding rounds and investors
Pento's founders and board of directors
Founder? Claim ProfileThe founders of Pento are Emil Hagbarth Rasmussen and Jonas Bogh Larsen.
Here are the details of Pento's key team members:
- Emil Hagbarth Rasmussen: Co-Founder & CTO of Pento. They serve on the board of 1 company.
- Jonas Bogh Larsen: Co-Founder & CEO of Pento. They serve on the board of 1 company.
Pento's Board of Directors
Pento's board has 1 active member. Christoph Janz is independent board member.Here is the list of Pento's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
fuvdmhc | Team | - | Past | 2y 6m |
z{srtel | Team | - | Past | 3y 5m |
Independent board member | - | Current | 7y 6m |
View details of Pento's Founder profiles and Board Members
Pento's employee count trend
Pento has 13 employees as of Aug 26. Here is Pento's employee count trend over the years:
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Pento's Competitors and alternates
Top competitors of Pento include Workday, Gusto and Oracle. Here is the list of Top 10 competitors of Pento, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Workday 2005, Pleasanton (United States), Public | Developer of cloud software for human resources finance and operations | $352M | 87/100 | |
2nd | Gusto 2012, San Francisco (United States), Series E | Cloud-based payroll, benefits, and HR software for small and medium-sized businesses | $718M | 84/100 | |
3rd | Oracle 1977, Austin (United States), Public | Provider of cloud-based enterprise software solutions for applications, platform, and infrastructure management | - | 83/100 | |
4th | Intuit 1983, Mountain View (United States), Public | Provider of financial, accounting, tax preparation, and marketing automation software | - | 83/100 | |
5th | Provider of business applications, technology, and cloud enterprise resource planning | - | 81/100 | ||
6th | The Access Group 1991, Loughborough (United Kingdom), Late Stage | Provider of business management software for diverse commercial industry sectors | $1.49B | 79/100 | |
7th | Infor 2002, New York City (United States), Acquired | Cloud based ERP software for multi industries | $1.52B | 79/100 | |
8th | Sage 1981, Newcastle Upon Tyne (United Kingdom), Public | Provider of cloud-based enterprise software solutions for accounting, finance, and people management | - | 78/100 | |
9th | Cloud-based platform providing digitized rewards, incentives, loyalty, and payouts solutions for businesses worldwide | $101M | 78/100 | ||
10th | Deltek 1983, Herndon (United States), Acquired | Cloud based enterprise resource planning software provider for multi industries | $107M | 77/100 | |
217th | Pento 2016, London (United Kingdom), Acquired | Payroll management solution provider | $54.3M | 49/100 |
Looking for more details on Pento's competitors? Click here to see the top ones
Pento's Investments and acquisitions
Pento has a total of 1 investment in BitCoke. Pento has not made any acquisitions as of now.Reports related to Pento
Here is the latest report on Pento's sector:
News related to Pento
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•
Pento Launches UK Payroll Automation Support for Flex Workers and Weekly Payroll CyclesACCESSWIRE•Sep 07, 2023•Pento
•
BambooHR Boosts UK Payroll Offering With Marketplace IntegrationsPR Newswire•Mar 16, 2022•BambooHR, Pento, PayFit
•
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Payroll automation startup raises $15.6M Series A led by General CatalystTechCrunch+•May 19, 2021•Pento, General Catalyst, Avid Ventures, LocalGlobe and 4 others
•
Pento raises $2.8M seed round for its payroll SaaSTechCrunch+•Sep 10, 2019•Pento, Point Nine Capital, Seedcamp, Hustle Fund and 2 others
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