Penta Launches New Product Team Access

Penta Launches New Product Team Access
19.06.2018 11:01 am

Penta Launches New Product Team Access

Management , Payments

Digital banking fintech Penta has launched a new product called, Team Access. Founders can now order team MasterCards for their co-founders and coworkers as an instant cure for time-costly expense management.  It comes with account access and customisable permissions for each team member.

“Expense management sucks.” says Lav Odorovic, Penta’s Co-founder and CEO. “Small businesses need an easier way to control how things are paid for and by whom within the company. In addition to allowing business owners to stay on top of spending, we’re empowering the whole company to move quicker and to spend less time banking.”

As business owners know, it can take weeks of daunting paperwork to get another debit card from a legacy bank. The alternative solution for a business owner is to apply for a business credit card which has a predefined credit limit. Most early stage businesses aren’t credit-worthy, and therefore can’t get a second card.

Penta is solving this pain by allowing founders to add their co-founders and coworkers to the Penta account, give them debit cards, and assign roles and permissions to control the features they can see and access—all within a few clicks.

Odorovic says:

“Our Team Access launch has created a fundamentally new way to manage company expenses while making sure that our customers remain in full control of their spending. We’re reducing administrative complexity, eliminating expense reporting and simplifying bookkeeping for business owners and growing teams by synchronizing all of a business’ expenses into the Penta account.”

Starting today, users will be able to issue team debit MasterCards and give account access to founders, or Managing Directors within the company with predefined limits and permissions. Within the coming weeks, the possibility to issue Penta cards and to give account access to all employees will be available to the entire Penta customer base.

Related News

Addison Lee Employment Appeal Tribunal against driver's employment classification set for Thursday 21 June

One would hope after the high level of employment tribunal victories centring around precarious, gig and bogus self-employment that companies, apps and investors would... Read more »

Logistics Service Provider B+S Logistik Achieves Rapid Ecommerce Growth using Descartes pixi* Warehouse Management Solution

Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, announced that B+S Logistik (B+S GmbH Logistik und Dienstleistungen), a... Read more »

Siemens awarded Atos major application management contracts to drive digital transformation program

Siemens has awarded Atos with two large contracts covering Application management services as well as Technical production support, most of those representing a new scope... Read more »

Capita and Munnypot announced partnership

The award-winning, robo-advice investment platform, Munnypot, announced today that it’s entered into a strategic ‘scaling partnership’ with Capita.

Under the terms of... Read more »

Profile Software silver sponsor at the FinovateEurope in London

Profile Software, an international financial solutions provider, announced today that it is showcasing its pioneering and award-winning Banking and Investment Management... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App