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Penta is an online banking platform for SME's in Europe. The platform enables businesses to receives real-time updates and access to all of their finances on their phone, tablet and laptop and also keeps their account balanced in real time. Penta plans to integrate various APIs for handling payroll, CRM, accounting and other features to make businesses more efficient. Including cash-flow management software to help business owners make data-driven decisions for increasing liquidity, taking out loans and making investments from analyzed patterns in the business’ cash-flow. In Aug 2016, the company selected by Startupbootcamp accelerator program. Currently, the product is in beta mode and plans to launch full version in first quarter 2017.
Digital banking platform for SME's in Europe. Penta offers a Starter and Advanced account. The Starter account is free to open and offers all the basic services for less complex businesses. Advanced account offers lower fees, fintech applications that can help businesses make better decisions, as well as more complex services like loans and insurance.
The company offers the free account for businesses with basic services and charged for the advanced account.
The platform has now opened its waitlist up to new users, and hopes to reach 10,000 businesses by the end of 2018.
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