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Pennylane
Financial management & accounting platform
- 201-500 employees
- Fintech
- B2B
- Bookkeeping
- SaaS
- Accounting
- Automation
- 5, Rue des Italiens, Paris, Île-de-France 75009, FR
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Company mission
To develop the first platform that brings together production software for accountants and a financial management tool for VSEs/SMEs.
Insights
Otta's take
Theo Margolius
COO of Otta
In multiple mature markets, companies have been using QuickBooks, Xero and other SaaS solutions for accounting, but it is a fragmented industry with each country using its own software solution. In France, there is no definitive SaaS solution for accounting.
Pennylane wants to overhaul current tools and modernize the tech stack of accounting firms, by connecting directly with third-party services that hold valuable information. Accounting firms can use Pennylane collaboratively by accessing the platform to centralise receipts, create invoices and automate tasks. Instead of sending information back and forth with spreadsheets and photo attachments, both clients and accounting firms can interact directly on the platform.
Pennylane has a significant market opportunity ahead, with an ambitious goal to become the preferred management platform for European companies. The company already claims 50,000 customers, and has raised impressive funding that will support hiring and development towards further improving its offering.
Benefits
- Work remotely from anywhere in Europe, as long as your contract allows you to
- Company shares to enjoy a piece of the success story you're building with us
- A budget to turn your home into a more comfortable workspace, as well as a monthly allowance to work from a coworking space whenever you feel like it
- Access to 8000 fitness spaces in Europe and more than 300 activities related to wellness through our partner Gymlib
- Access to Busuu to perfect your english or your french
- The latest Apple equipment
- Be part of a vibrant social community: we do lots of sports together (running, climbing...), we love to hang out and have a drink together (Thursday afterwork drinks on our rooftop is a usual thing)
- Twice-a-year company seminars
- Wonderful office in the center of Paris
- 10 additional days off (to the 25 standard ones) for those based in France
- Lunch credits (Swile card) to buy your favorite food every day, for those based in France
- Great healthcare cover (Alan Blue) to take care of yourself and your family, for those based in France
Company values
- Radical Trust
- Supporting SMEs
- Community of Builders
Funding (last 2 of 6 rounds)
Feb 2024
$42.7m
SERIES C
May 2023
$31.5m
SERIES C
$164m
Total funding
This company has top investors
Founders
Arthur Waller
(Co-founder & CEO)Founded PriceMatch in 2012, and progressed from Product Owner to Senior Product Owner at Booking.com between 2015-2018. Co-founded Pennylane in 2020.
Felix Blossier
(Co-founder & COO)Founding Partner of PriceMatch in 2012 and experience as Director General of the French Treasury from 2018-2020. Co-founded Pennylane in 2020.
Alexandre Roquoplo
(Co-founder)Extensive history in finance since 2013. Founded OneCPA in 2018 before co-founding Pennylane in 2020.
Tancrède Besnard
(Co-founder & CPO)Co-founded PriceMatch in 2012. Experience as Product Manager for Booking.com between 2016-2018, and current advisor for Predictus. Co-founded Pennylane in 2020.
Diversity & Inclusion at Pennylane
Katie Sukholeyster (Talent Acquisition Team Lead)
- We continuously provide unconscious bias training for all the team members
- All company successfully attended D&I Workshop
- Pennylane is a part of Pact Parite Agreement
- We write job descriptions very carefully and we strive to do our best in ensuring everyone can feel welcome to apply to Pennylane
- We strive for full diversity and closely monitor our recruiting efforts through metrics and data
- We provide Mental Health support through our wellness initiatives and benefits to support our team members
- We are working with D&I Community partners to create valuable and actionable content
- Pennylane partners with Ada Tech School to provide support and training for the students