Germany-based digital bank Penta has opened its digital business banking platform for all types of businesses by adding self-employed professionals to its clientele.
Penta’s digital banking platform provides features like multi-user access for the accountant, and integrated accounting software or multi-account aggregation solution.
The platform also includes future services like cash flow forecast and the ability to open sub-accounts using an International Bank Account Number (IBAN).
Penta allows companies to apply for a business account within minutes and receive a German IBAN, debit cards and other financial services.
Penta initially had a client base of 20,000 small and medium-sized businesses (SMBs) with two to 50 employees.
In December last year, the company started onboarding freelancers like doctors, notaries, lawyers and sole proprietors such as craft businesses.
Now, even self-employed professionals can benefit from its full suite of banking services.
Penta CEO Marko Wenthin said: “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.
“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 the 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.”