Series A · Fintech
Pennylane raises €15 million Series A
The financing accompanies the launch of its financial management platform for SMEs.
Pennylane announced a completed €15 million Series A on January 7, 2021, backed by existing investors Global Founders Capital and Partech.
The company launched a software platform that brings purchasing, sales and bank transactions together for business owners and their accountants. It planned to expand its team, develop the product and add services through partnerships.
Use of funds
Develop financial management and accounting software.
Expand product and technical teams.
Funding history
Series A · This round€15M
Seed€4M