Germany’s Penta is a new digital bank account for startups and SMEs

Germany’s Penta is a new digital bank account for startups and SMEs

Germany’s Penta is a new digital bank account for startups and SMEs
18-Dec-2017 by Diana Florescu

Opening in Beta today, the premise for Penta is that SMEs and startups are currently underserved by banks and that “business banking can be really awful,” co-founder and CEO Lav Odorovic tells me. This typically sees traditional banks make account opening cumbersome and much more difficult than it should be, whilst simultaneously charging exorbitant fees for making payments or international money exchange.

Diana Florescu

Global Marketing & Social Media Specialist at Startupbootcamp