Fintech company PennyTree has launched a new app that provides retail banking services for individuals and merchants. Through the app, users can carry out regular banking activities such as transfers, save funds in a secure wallet and create business accounts. The company also announced the launch of a merchant community to serve as a support group for merchants at different levels of scale. The community is open to merchants at any stage of their growth journey, as well as individuals looking to start a side hustle.