Pennylane: The latest figures, news and market research on Pennylane

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

French Tech: Pennylane becomes the new French unicorn 09/02/2024

- Pennylane start-up valued at $1 billion
- Recently received €40 million in funding from Sequoia Capital and DST Global
- Since its creation in 2020, Pennylane has raised over 110 million euros
- The fintech's valuation has increased by 113%
- By 2021, Pennylane had sales of 1.5 million euros
- Today, sales are around 24 million euros
- The fintech has around 5% of the market
- Pennylane works with 2,000 firms and has 140,000 users
- Visma Group, a competitor, has achieved 2.3 billion euros in annual recurring revenues by 2023 and has raised 1 billion

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

Pennylane to raise €29.5 million 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
Creation date: 2020

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