Penta partners with SumUp to target offline businesses

December 5, 2019

Penta, the Berlin-based business banking challenger that also now operates in Italy, has partnered with our portfolio financial technology company SumUp, that enables businesses to accept card payments at the Point-of-Sale or on the go,  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 repositioned itself for wider business banking appeal.

In the future, SumUp integration is planned to go deeper. This will include the ability to use SumUp payments data to forecast future sales and feed into a business’s creditworthiness when they seek a loan.