French fintech Pennylane raises €50 million to accelerate expansion of its financial OS for European SMBs and accounting firms
Summary
Launched in 2020, Pennylane is continuing its journey of fast-paced growth with a fresh funding boost of €50 million just secured. Since raising €15 million last year, the French startup has seen incredible progress in its mission to help companies regain control of their finances. Pennylane also provides small and medium-sized businesses with the ability to manage their cash flow, pay their clients, use numerous integrations, and exchange information with their accountants in real-time. Arthur Waller, CEO and co-founder of Pennylane commented: “This new funding round comes at a pivotal point in our growth. We’re also really proud of our remote-first culture and are excited to grow our team and recruit the most talented people across tech and data regardless of where they are”.
Funding
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