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Penta opens digital business banking platform to sole traders

Source: Penta

Digital business banking for everyone - as of today, Penta also offers its product and services to solo self-employed people.

The digital platform for business banking is thus expanding its target group and taking a broader positioning in the market .

Up until now, Penta's 20,000 customers have mainly been small and mediumsized enterprises with 2 to 50 employees, as well as founders. As a first step in December 2019, Penta also started onboarding freelancers with at least one employee such as doctors, notaries, lawyers and sole proprietors such as craft businesses in its range of services for the first time.

Marko Wenthin, CEO Penta:
"By opening up to the so-called liberal professions and sole traders, we have realized the great demand for good digital solutions within those segments. As a result, we are now opening up our platform to solo self-employed people as well. Our goal at Penta has always been to provide an excellent service to all those who are looking for more than just banking - and that includes a lot of self-employed people."

Just like small and medium sized businesses, freelancers and self-employed professionals can now benefit from Penta's full banking service, which includes features such as multi-user access for the accountant, integrated accounting software or multi-account aggregation. Future services such as cash flow forecast and the possibility to open sub-accounts with your own IBAN are also important for the self-employed as well as for entrepreneurs in order to manage their business in the best possible way.

"With the broader positioning and expansion of our target and customer audience, Penta becomes the platform for all entrepreneurs, whether with or without employees, in foundation or already active on the market for years, whether doctor, pharmacist, online shop, translator or carpenter. Anyone who wants to manage their finances quickly, easily and digitally and who is looking for a direct interface to accounting or for their own tax advisor can benefit from our platform."

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