Provider of an AI-powered all-in-one platform for finance and accounting processes serving SMEs and accounting firms across Europe.
Investment Rounds
Capital activity and funding progression
| Amount | Date | Round |
|---|---|---|
| €213 M | Nov, 2025 | unspecified |
| €200 M | Jan, 2026 | unspecified |
Industries
Frequently Asked Questions
Where is Pennylane located?
Pennylane is located in Paris, France.
What industries does Pennylane operate in?
Pennylane operates in the following industries: fintech, accounting-software, saas, artificial-intelligence.
How much total funding has Pennylane raised?
Pennylane has raised a total of $413,000,000.
Who are the investors in Pennylane?
The investors in Pennylane are: Sequoia Capital, Blackstone Growth, existing backers (unnamed).
Who are the founders of Pennylane?
The founders of Pennylane are: Arthur Waller, Tobias Janiesch.
What is Pennylane?
Pennylane is an all-in-one financial management and accounting platform designed for small and medium-sized enterprises, startups, and their accountants to centralize financial data and streamline collaboration.
Can I use Pennylane with my existing accountant?
Yes, Pennylane is built to facilitate collaboration between business owners and their accountants. You can use the platform with your current accountant or be put in touch with one of their partner firms if you do not have one.
How does Pennylane simplify invoicing for small businesses?
Pennylane provides a complete editor for creating professional quotes and invoices, allows for automated payment reminders, and integrates secure payment links to help businesses improve their collection times.
Does Pennylane offer a mobile app for managing receipts?
Yes, Pennylane includes a mobile application that allows users to take photos of their receipts on the go, which are then automatically synchronized with their accounting and bank transactions.
Can Pennylane connect directly to bank accounts?
Yes, the platform securely connects to a wide variety of banks to synchronize transactions in real time, enabling accurate cash flow monitoring and faster bank reconciliation.
Is Pennylane suitable for all types of companies?
Pennylane is designed to meet the needs of a diverse range of organizations, including self-employed professionals, startups, and small to medium-sized enterprises across various industries.
What are the main expense management features in Pennylane?
Pennylane allows users to centralize supplier invoices, manage expense reports, and control employee spending through physical or virtual payment cards that are directly linked to the accounting system.