We are building a platform connecting the best financial services to a bank account. That way companies can use one platform for all their business’s financial needs – from simple banking tasks to accounting, expense management, charging customers or getting loans.
Penta’s story begins with a deep frustration. Our founders, Lav, Luka, Jessica, Aleks, Igor, and Sir, all serial entrepreneurs, many times had terrible experiences with their business banks. After a brief research in February 2016, they found out that thousands of businesses all over Europe were frustrated with their business bank as well.
Why? The banks were slow, inefficient, offering terrible online banking interfaces and bad support on top of it all. The degree of innovation and willingness to hear customers’ feedback or build the much-needed functionality was just scarily low.
It was clear that the majority of banks just didn’t care about small businesses or startups. This was a turning point when they decided to tackle the problem and build the best business banking solution for SMEs.
Penta launched in Germany in December 2017 and will be available in other European countries in the near future. In the first months after launch, Penta received an unbelievable amount of applications, and today, thousands of businesses all around Germany bank with Penta.