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.
- Location
- Paris, France
- Raised
- $84M
- Stage
- Series C
- Founded
- 2020
- Category
- Fintech
- Funding
- VC-backed
- Team
- 200–500
Funding figures as of Jul 2025 · not independently verified
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 as of Jul 2025.
Who founded Pennylane?
Pennylane was founded by Arthur Waller.
Who has invested in Pennylane?
Pennylane is backed by Sequoia, Global Founders Capital, Partech.
How Pennylane would pitch themselves
○ Auto-generated01Target customer
SMEs — the core audience Pennylane's product is built around.
02Problem they solve
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 in… The category has historically been served by tools that miss the modern workflow this product is built around.
03Key differentiator
Pennylane differentiates on ai-powered accounting software for smes. Backed by Sequoia + Global Founders Capital, $84M raised — the company has resources + validation to compound this thesis. Founded by Arthur Waller.
04Go-to-market strategy
Growth-stage GTM — multi-channel revenue motion (direct enterprise sales, channel partnerships, marketplace listings). Vertical specialisation + verticalised AE teams targeting enterprise + mid-market.