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Penta and SolarisBank team for business bank accounts for German SMEs

Penta and SolarisBank team for business bank accounts for German SMEs

Two Berlin-based fintech firms, Penta and SolarisBank, have joined forces to provide German businesses with “fast access to bank accounts”.

Penta offers bank accounts for businesses (including start-ups), while SolarisBank provides a Banking-as-a-Platform service and holds a full banking licence.

“We are aiming to change the face of business banking in Germany,” the two companies state.

“Businesses will be able to sign up for a bank account within minutes, giving them access to a deposit account and payment cards for allocating budgets within the team.

“This enables especially young businesses to devote themselves fully to what is really important to them, the further development of their business.”

Penta says it differentiates from its competitors by offering third party products only – creating “a marketplace for innovative financial products and services”. These include automated accounting, international transfers and cash flow management.

Penta’s bank account is aimed at high-tech SME businesses, and will go into beta testing in July this year.

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