Penta, the German business banking challenger, partners with SumUp to target offline businesses

Penta, the Berlin-based business enterprise banking challenger that also now operates in Italy, has partnered with BBVA-backed card reader organization SumUp in a bid to catch the attention of extra offline corporations.

Up till recently, Penta had been focusing on digital corporations, these as startups and e-commerce SMEs, but has since re-positioned alone for broader business enterprise banking enchantment.

By partnering with a POS company providing easy card reader-enabled payments, the German challenger financial institution desires to lengthen that of offline, these as eating places, craftsman, healthcare and architects.

Specially, Penta states corporations can purchase a SumUp Card Reader by using Penta, and in doing so will help save cash on the preliminary SumUp setup cost and be in a position to seamlessly combine SumUp-run payments with their Penta account.

They’ll also get entry to the existing Penta options, these as becoming in a position to open a business enterprise banking account completely digitally, situation a number of payment cards, grant limits and permissions for each card for personnel, aid price administration and integrating with popular accounting tools.

In long term, the SumUp integration is prepared to go deeper. This will include the potential to use SumUp payments info to forecast long term profits and feed into a corporations credit score worthiness when they search for a financial loan.

“One request that we have had since day 1 has been for our buyers to quickly and swiftly accept card payments, so we are incredibly proud to be in a position to provide this with our most recent companion SumUp,” states Penta CEO Marko Wenthin in a assertion.

Adds James Henry, Head of Gross sales and Partnerships at SumUp: “By cooperating with Penta, we will enable even extra compact and medium-sized corporations to digitize their business enterprise and make the payment expertise as effortless as probable for their buyers. Penta, with its developing consumer base of corporations, is the excellent companion for us to achieve the broad mid-market”.

Nancy
Nancy

Nancy is currently a reporter for Lyemium based in United State, United Kingdom. Prior to joining Lyemium in August 2016, she was a entertainment reporter at DailyMail UK. Nancy has also written for TMZ and BuzzFeed. Nancy studied journalism at Harvard University, graduating in 2008.

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