No, this is not the case.

Penta itself does not have its own banking license, so we have established a partnership with Solaris SE, through which we are provided with a banking license and part of the tech infrastructure. 

This structure was chosen so that we at Penta can focus on providing the best business account and high quality customer service to all our clients.

You want to test Penta? Click here for our demo account and account opening.