Pennylane
Accounting and finance software for SMEs and accounting firms.
Available information varies by company and source.
Profile record updated:
Company facts
- Official name
- PENNYLANE SAS
- Entity type
- COMPANY
- Founded
- 2020
- Headquarters
- 3 rue Franche Comté, 50100 Cherbourg-en-Cotentin, France
- Company size
- 501–1,000
- Market role
- B2B SaaS Provider
- Official website
- pennylane.com
What Pennylane does
Pennylane operates a B2B vertical SaaS model centred on financial operations and accounting workflows. It creates value by consolidating bookkeeping, invoicing, treasury, payments and compliance tasks into one system, reducing manual reconciliation and improving collaboration between businesses and accounting firms. The company extends this software model with embedded financial services, allowing it to participate in both recurring software revenue and transaction or financing-related economics.
Category differentiation
Pennylane is a B2B accounting and financial operations software platform, not a consumer budgeting app or a standalone neobank. It competes more directly with accounting and SME finance software providers than with pure banks.
Strategic context
AI-supported assessment from the existing company research; distinguish interpretation from sourced facts.
Pennylane is a French B2B software company that provides a cloud platform combining accounting, invoicing, treasury monitoring, payments and financial reporting. Its products are designed for SMEs, finance teams, independent professionals and accounting firms, with a shared workspace model that lets businesses and accountants collaborate on the same financial data and workflows. The company also offers a business account and payment cards, linking transaction flows directly into the accounting ledger. Pennylane generates revenue primarily through SaaS subscriptions, with tiered pricing based on company size and feature access. It also monetises embedded financial services through payment-related fees and financing products such as cash advances and invoice financing. The company has raised substantial venture funding and has expanded its integration footprint through the acquisition of Billy, which supports a broader platform strategy around connectivity and workflow automation.
Company news briefing
Briefing updated:
Pennylane has secured a total of €359 million across six funding rounds, culminating in a €175 million injection in January 2026 that valued the company at $4.25 billion. Serving 800,000 customers and having expanded into Germany, the fintech navigates a competitive and collaborative landscape alongside Qonto. Both companies are positioning their all-in-one financial suites to equip SMEs and accounting firms for France's upcoming mandatory B2B electronic invoicing regulations.
Business model & monetisation
The core monetisation model is recurring SaaS subscription revenue from tiered plans. Pricing scales by company size and functionality, with lower-cost entry tiers and higher-value plans that include advanced accounting, integrations and compliance features. Additional revenue comes from embedded financial services within the Pro Account product, including payment service fees, interchange economics and financing income from invoice financing or short-term cash advances.
- Core accounting and financial management software
- SaaS subscription tiers
- Accounting firm workflow software
- SaaS subscription
- Business account and payments
- Transaction fees and interchange
- Financing products
- Financing income / fees
- Compliance and e-invoicing modules
- Software subscription / premium module
Products & capabilities
No products with linked sources are available in this view.
Products & market categories
Competitors & alternatives
- Billtrust
B2B software for receivables automation, payments and order-to-cash workflows.
- Tipalti
Finance automation and global payout software for business finance teams.
- Tradeshift
B2B network software for procurement, invoicing and supplier payments.
- Sage
Business software provider for accounting, ERP, HR and operations.
- Intuit
Financial, tax and marketing software platform for consumers and businesses.
Side-by-side comparisons
Recent recorded signals
Dates refer to the source publication. Older entries are historical context, not evidence of a new event.
Pennylane announces €75M Series D in April 2025 and €175M in January 2026
Recorded impact score: 4/5
Depuis sa création, Pennylane a levé un total de 359 millions d'euros en six tours de financement successifs : 4 M€ en seed (mai 2020), 15 M€ en Série A (janvier 2021), 50 M€ en Série B (janvier 2022), 40 M€ en Série C (février 2024), 75 M€ en Série D (avril 2025), et 175 M€ en janvier 2026.
Qonto and Pennylane Navigate Competition in European Fintech Market
Financials · Recorded impact score: 1/5
French fintech disruptors Qonto and Pennylane are navigating a complex landscape of partnership and competition. Originally starting in separate niches—Qonto in business banking and Pennylane in accounting software—both have expanded into all-in-one financial suites, bringing them into direct competition. Qonto, serving over 600,000 customers and valued at $5 billion, is currently progressing its application for a French banking license. Meanwhile, Pennylane, with 800,000 customers and a valuation of $4.25 billion following a $200 million funding round, has expanded to Germany. Both firms are positioning themselves to equip SMEs and accounting firms ahead of France's upcoming mandatory B2B electronic invoicing regulations.
- Qonto is currently progressing its application for a French banking license to offer direct credit and lending products.
- Pennylane raised $200 million earlier in 2026 at a valuation of $4.25 billion in a round led by TCV.
Explore company relationships
Questions about Pennylane
What is Pennylane?
Pennylane is a French B2B SaaS platform for accounting, invoicing, treasury, payments and financial collaboration between businesses and accountants.
Who uses Pennylane?
Its users are mainly SMEs, finance teams, independent professionals and accounting firms that need integrated financial workflows.
How does Pennylane make money?
It primarily earns recurring subscription revenue from software plans, with additional income likely coming from payments and financing services.
Sources & coverage
This profile uses public, official and technically observable information. Missing information does not prove that a product or relationship does not exist. The list below does not imply that every profile statement has been verified.
19 publicly documented primary sources and citations linked across the market graph.
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