Penta, the Berlin-based enterprise banking challenger that additionally now operates in Italy, has partnered with BBVA-backed card reader firm SumUp in a bid to draw extra offline companies.
Up till just lately, Penta had been concentrating on digital companies, similar to startups and e-commerce SMEs, however has since re-positioned itself for wider enterprise banking attraction.
By partnering with a POS supplier providing straightforward card reader-enabled funds, the German challenger financial institution needs to increase that of offline, similar to eating places, craftsman, healthcare and designers.
Specifically, Penta says companies can order a SumUp Card Reader through Penta, and in doing so will get monetary savings on the preliminary SumUp setup charge and be capable of seamlessly combine SumUp-powered funds with their Penta account.
They’ll additionally get entry to the prevailing Penta options, similar to with the ability to open a enterprise banking account solely digitally, challenge a number of fee playing cards, grant limits and permissions per card for employees, facilitate expense administration and integrating with fashionable accounting instruments.
In future, the SumUp integration is deliberate to go deeper. This will embrace the power to make use of SumUp funds information to forecast future gross sales and feed right into a companies credit score worthiness after they search a mortgage.
“One request that we’ve had since day one has been for our customers to easily and quickly accept card payments, so we are very proud to be able to offer this with our newest partner SumUp,” says Penta CEO Marko Wenthin in a press release.
Adds James Henry, Head of Sales and Partnerships at SumUp: “By cooperating with Penta, we will enable even more small and medium-sized companies to digitize their business and make the payment experience as convenient as possible for their customers. Penta, with its growing customer base of companies, is the ideal partner for us to reach the broad mid-market”.
