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Press release

Accounting made easy: Penta integrates Debitoor

- The Debitoor invoicing program is now also available to Penta customers as an integrated feature.

- Penta customers can now do their accounting in the shortest possible time, through, among other things, the automatic payment reconciliation of earnings and expenditures.

Berlin, May 16th

Penta customers can now save even more time and do their accounting with just a few clicks: The digital business account provider has integrated the Debitoor invoicing program.

Debitoor supports the self-employed, freelancers and small businesses in writing invoices and bookkeeping. Customers can use Debitoor to enter and manage receipts, send value added tax (VAT) returns, make an automatic payment reconciliation of earnings and expenditures, and create a tax consultant account for efficient cooperation.

This is how it works: Penta customers can link their account with Debitoor, so that all booked transactions are recorded by Debitoor in real time. Debitoor automatically and immediately compares each amount received with the respective invoices, and marks those that have not yet been paid. This is especially convenient for entrepreneurs, who normally have to check the payment status of their customers with arduous, time-consuming manual labor.

Lukas Zörner, Chief Product Officer (CPO) of Penta, says,  "We don't just want to offer our customers a digital business account, we want to take care of all their financial needs so they can concentrate fully on their business. With the integration of Debitoor, the second invoicing program after Lexoffice, we are meeting one of our customers' most pressing needs, as determined by our regular feedback surveys, and expanding our range of digital financial services.”

Alessandro Justesen Leoni, CEO of Debitoor, says, "Digital banks like Penta are doing a great job by simplifying banking for small businesses. By combining Penta and Debitoor, we are going one step further by automating many accounting processes that small businesses would normally have to do all on their own. With Debitoor and Penta, they save time and avoid costly mistakes."

Access to Debitoor is included in both Penta's Advanced and Premium packages, in addition to many other features such as Business Debit MasterCards, access for employees and foreign payment transactions. Further new features, such as direct debits and loans, will follow in the coming months.  

More details about the development of Penta can be found in continuously updated the Penta Open Roadmap.

About Penta:

Penta offers fast and easy commercial banking for customers in the digital industry. Companies can open a business account within minutes and receive a German IBAN and other business account services. Penta was founded in May 2016 and currently has more than 6000 customers in Germany. The company is headquartered in Berlin. The management consists of Jessica Holzbach, Luka Ivicevic and Lukas Zörner.

About Debitoor:

"We help small businesses thrive" is the mission of Debitoor, founded 2012 in Copenhagen. The cloud-based calculation program is available as a web app, as well as a mobile App for iOS and Android, and makes calculation and bookkeeping for independent persons as simple as possible. Debitoor employs 50 people at 3 locations in Berlin, Copenhagen and Kiev.

Contact person for the media:

Penta:

Solveig Rathenow

Lead Venture Communications

Mail: solveig.rathenow@finleap.com

Mobile: +49 176 321 44 053

Debitoor:

Emilie Calvert

Community Manager

Tel.: +49 30 22957199

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About Penta

Penta is the digital platform for business banking for small and medium sized companies, as well as solo self-employed and freelancers. Within minutes, companies can digitally apply for a business account and receive a German IBAN, debit cards, digital expense management and other financial solutions. The company is headquartered in Berlin, with a branch office in Belgrade. The management consists of Jessica Holzbach, Lukas Zörner, Henrik Jondell and Igor Kuschnir.