Pennylane
AI-powered accounting software for SMEs
About Pennylane
Pennylane is the AI-powered accounting platform built for European SMEs and their accountants. It automates bookkeeping, invoice processing, and bank reconciliation — cutting accounting time by 50%. With integrations into 200+ tools and an API-first design, Pennylane is modernizing a €50B accounting software market still dominated by legacy players.
Pennylane website preview
Company facts
- Category
- Fintech
- Funding stage
- Series C
- Total raised
- $84M
- Founded
- 2020
- Team size
- 200–500
- HQ
- Paris
- Country
- France
- Website
- pennylane.com
Founders of Pennylane
- Arthur Waller
Investors backing Pennylane
- Sequoia
- Global Founders Capital
- Partech
Frequently asked questions
What does Pennylane do?
Pennylane is the AI-powered accounting platform built for European SMEs and their accountants. It automates bookkeeping, invoice processing, and bank reconciliation — cutting accounting time by 50%. With integrations into 200+ tools and an API-first design, Pennylane is modernizing a €50B accounting software market still dominated by legacy players.
Where is Pennylane based?
Pennylane is based in Paris, France.
When was Pennylane founded?
Pennylane was founded in 2020.
How much has Pennylane raised?
Pennylane has raised $84M in their Series C round.
Who founded Pennylane?
Pennylane was founded by Arthur Waller.
Who has invested in Pennylane?
Pennylane is backed by Sequoia, Global Founders Capital, Partech.