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

News

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

Other companies mentioned:

  • SAP
  • Sage
  • Intuit
  • Sopra Steria
  • CEGID
  • EBP
  • Divalto
  • Pennylane
  • Axonaut
  • Flowie
  • Alticap
  • Indy
  • Sellsy
  • Freebe
  • Keobiz
  • Mapap
  • Regate
  • Freshbooks
  • Tiime
  • Fulll
  • My unisoft
  • ACD Groupe
  • Agiris
  • Quickbooks (Intuit France)
  • Teogest
  • Exact
  • RevisAudit Premium
  • Inqom (Visma Group)
  • Limpeed
  • Bleez
  • Memsoft