Penta is a smart banking for SMEs that allows you to proceed in signing a banking contract online. It relies on the banking license of Solaris Bank, a bank run under German law, operating throughout Europe and with a coverage of deposits of 100 thousand euros.
“Our aim – explains Bruno Reggiani, Head of Product Italy – is to help entrepreneurs in the running of the company thanks to the management of multi cards for their employees. This means easy management of an expense report so as to have greater control over their financial flows.
Penta was founded in Germany and currently has about 7,500 customers. By the end of 2019, it aims to have 20,000 and by 2020 it wants to expand into other European countries to become the first business banking in Europe.
“Italy is the first country after Germany on which we are strongly counting and we have a team that is completely Italian and entirely dedicated to Italy in the Milan office – explains Reggiani – One of Penta’s aims is to integrate its services with third parties. We want to increase the functionality and power of our application through the integration of third parties. Joining the Fintech District and being part of this community gives us a way to talk and discuss with other Italian fintech startups in order to integrate their services into our solution”.