Turnover: 1.5 million EUR (2022)

Country: France

  • French fintech publisher of accounting software
  • Pennylane brings together all the tools and integrations needed to manage a company's expenses, invoicing and cash flow
  • The platform boasts over 50,000 customers


DST Global acquires a stake in accounting specialist Pennylane | DST Global invests in Pennylane 02/05/2023

  • Pennylane capital raising: 29.5 million euros in the first quarter of 2023
  • Capital from DST Global: 26.5 million euros and Sequoia Capital: 2 million euros
  • Previous fundraising by Pennylane: 50 million euros in early 2022
  • Total amount raised by Pennylane: over 80 million euros
  • Post-raising valuation: 487 million euros
  • Total number of customers: 50,000 VSE/SMEs (including 12,000 files provided by the partnership with Keobiz)
  • Sales in 2021: 1.5 million euros
  • Start-up date: 2020

Studies mentioning this company

The accounting software market - France

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