Pento: against COVID-19 ^Company

Entity: Pento

Category: FinTech and Digital Economy

Description: Pento provides a SaaS-based online platform intended to optimize payroll services. Its platform helps to automate payroll system and offer complementary features to employees, such as user-friendly access to pay history and personal pay-related data, enabling small and medium-sized companies to find a digital way to automate salary processing, taxes and is fully connected to HMRC.

1. Project: Coronavirus Furlough HMRC Claim Calculator

Summary: For UK companies — including startups — that need to furlough employees in a bid for survival, Pento’s team created a “Coronavirus Furlough HMRC Claim Calculator” to help you work out how much will be covered by the UK government’s Coronavirus Job Retention Scheme for each employee.

2. Project: Payroll services free for 3 months

Summary: Pento, the UK’s first fully-automated payroll for SMEs, is offering its services for free until 1 July due to COVID-19 pandemic, and for all new customers who sign up before 30 April. Instead of spreadsheets and back and forth emails with your external payroll provider, Pento lets you run the whole payroll in just minutes. Pento automatically calculates taxes, makes all the bank payments and reports to HMRC and pension providers. Pento already helps 1000+ modern companies in the UK and Denmark run their payroll like it's 2020.

+ Investors:

Point Nine Capital
Seedcamp
Christian Jantzen