Penny Software raises $5M Seed Funding | MAGNiTT

Penny Software banks on procurement streamling in latest $5M funding Request specific data sets, export tailored directories, and explore the full potential of our Platform. The SEED round was led by Outliers Venture Capital and recorded participation from Shorooq Partners, Hambro Perks ORYX Fund, Wamda, Class 5 Global, and strategic angel investors. Procure-to-pay is the streamlining process of buying, invoicing, and paying of goods which adds monetary and timely efficiency to business. Nowadays, companies across all industries try to become more efficient in saving their resources.” Penny Software was recognized by the UK-based ProcureTech and the US-Based Kearny Consulting as one of the top 100 most innovative Procurement solutions globally. In light of this stellar SEED funding, Penny Co-founder/CTO Mohamad Ibrahim concluded, “We are keen on bringing the B2C simplicity and UI/UX to the B2B experience.