Pennylane SAS

Pennylane SAS, founded in 2020, builds financial and accounting software for European small and medium-sized enterprises. Its platform combines production software for accountants with a financial management tool for their SME clients, serving as a single source of truth for financial and accounting data. The product covers expense management, invoicing and cash flow management, and is used by more than 700,000 SMEs and 5,000 accounting firms.

The company was started by seven co-founders and now employs more than 900 people. It has raised €225 million in funding and is among the fastest-growing fintech companies in France. Its presence is concentrated in France and the wider European market, with work spanning financial software, accounting software, fintech and cash flow management.

The stated purpose of the platform is to remove time-consuming accounting tasks from entrepreneurs and to allow accountants to concentrate on advisory work rather than manual processes. Pennylane describes itself as product-led, investing primarily in building a scalable platform.

More than 25 nationalities are represented across the team, and 30% of employees work remotely from locations throughout Europe.