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

TechCrunch | 12/2/2019 | Staff
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Penta, the Berlin-based business banking challenger that also now operates in Italy, has partnered with BBVA-backed card reader company SumUp in a bid to attract more offline businesses.

Up until recently, Penta had been targeting digital businesses, such as startups and e-commerce SMEs, but has since re-positioned itself for wider business banking appeal.

POS - Provider - Offering - Payments - Challenger

By partnering with a POS provider offering easy card reader-enabled payments, the German challenger bank wants to extend that of offline, such as restaurants, craftsman, healthcare and architects.

Specifically, Penta says businesses can order a SumUp Card Reader via Penta, and in doing so will save money on the initial SumUp setup fee and be able to seamlessly integrate SumUp-powered payments with their Penta account.

Access - Penta - Features - Business - Banking

They’ll also get access to the existing Penta features, such as being able to open a business banking account entirely digitally, issue multiple payment cards, grant limits and permissions per card...
(Excerpt) Read more at: TechCrunch
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