Funding
Seed · Fintech

Pennylane announces €4 million seed round

Global Founders Capital, Partech and Kima Ventures back real-time accounting.

By RoundOS Funding desk

Pennylane announced a €4 million seed round on May 18, 2020, with Global Founders Capital, Partech and Kima Ventures.

The French company combines accounting services with software that connects bank, invoicing and other financial data. The funding supported development of its platform and expansion of its accounting team, helping business owners monitor cash flow and performance.

Use of funds

Develop financial management and accounting software.

Expand product and technical teams.

Funding history

Seed · This round€4M

Sources

  1. Pennylane Seed fundingpartechpartners.com · May 18, 2020

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