Pennylane is an integrated SaaS platform that combines invoicing, expense management, real‑time cash‑flow monitoring, and full accounting into a single web‑based solution. It connects directly to banks, automates receipt capture, and provides role‑based access for employees and accountants to collaborate on a unified ledger, while offering customizable dashboards and analytics for financial oversight.
Funding
$82.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
2OMCFounders
Product
Problem
SMEs and growing businesses often juggle multiple financial tools—separate invoicing software, expense trackers, bank connections, and accounting packages—leading to fragmented data, manual reconciliation, and time‑consuming bookkeeping.
Solution
Pennylane offers an integrated SaaS platform that consolidates invoicing, expense management, real‑time cash‑flow monitoring, and full accounting into a single web‑based solution. The system connects directly to banks via secure EBICS links, automates receipt capture, and synchronizes transactions with the accounting engine, eliminating duplicate data entry. Role‑based access lets employees submit expenses, approve purchases, and generate invoices while accountants work on the same up‑to‑date ledger. Built‑in analytics and customizable dashboards provide a 360° view of financial health, and the platform supports collaboration with external accounting firms through native integrations.
Target Audience
Primary customers are French SMEs and mid‑market companies—including startups, consultancies, construction firms, and childcare providers—that need a unified financial management tool, as well as their external accountants.
Features
- Complete invoicing suite with quotes, pro‑forma, recurring billing, automatic reminders and payment links
- Automated receipt capture and centralization of supporting documents
- One‑click supplier invoice payment and corporate card issuance with granular permission controls
- Purchase request workflow with multi‑level approvals
- Real‑time transaction dashboard and multi‑dimensional analytics, including asset depreciation and cash‑flow forecasting
- Secure bank connectivity via EBICS for automatic bank feed synchronization
- Native integration with partner accounting firms and collaborative tools for accountants
- Mobile app for on‑the‑go expense entry and invoice management