Where is Pennylane headquartered?

Pennylane is headquartered in Paris, France.

What does Pennylane do?

Pennylane operates in the AI in Fintech sector. All-in-one financial management and accounting SaaS platform for SMEs and accounting firms in Europe. Centralizes accounting, invoicing, cash management, expense management, and business banking in a single real-time platform, cutting time spent on financial admin for SMEs and their accountants.

When was Pennylane founded?

Pennylane was founded in 2020. It is based in Paris, France.

Who is the CEO of Pennylane?

Arthur Waller is the CEO of Pennylane. The company was founded in 2020.

Where is Pennylane located?

Pennylane is headquartered in Paris, France.

What funding stage is Pennylane at?

Pennylane is currently at the Growth Stage stage.

Pennylane

Category: AI in Fintech

All-in-one financial management and accounting SaaS platform for SMEs and accounting firms in Europe. Pennylane was founded in 2020. The company is led by Arthur Waller. Based in Paris, France. Total funding raised: $442M. Latest round: Series E. Key investors include TCV, Blackstone Growth, Sequoia Capital, DST Global, CapitalG (Alphabet's growth fund), Meritech Capital, Global Founders Capital, Partech.

Founded: 2020
Headquarters: Paris, France
Total funding: $442M

Value proposition

Centralizes accounting, invoicing, cash management, expense management, and business banking in a single real-time platform, cutting time spent on financial admin for SMEs and their accountants.

Products and solutions

E-invoicing/electronic billing (compliant with French 2026 e-invoicing mandate), invoicing & payment collection, purchase/expense management, professional bank account & card, real-time cash flow/treasury management, full bookkeeping/accounting engine, AI-powered accounting tools for accountants, 150+ third-party integrations (Stripe, Qonto, PayFit, Shopify, HubSpot, etc.).

Unique value

Only software that unifies all financial and accounting data for a business and its accountant in one place, purpose-built for continental European accounting standards (vs. US-centric tools like QuickBooks/Xero).

Target customer

Small and mid-sized businesses (indépendants, TPE/PME/ETI), CFOs/finance directors, and accounting firms (cabinets d'expertise comptable) across France and expanding Europe.

Industries served

Fintech / Accounting Tech / SME financial management

Technology advantage

Deep native integration between banking, invoicing, and accounting ledgers (avoiding reconciliation friction of point solutions); AI investment for automating accountant workflows; agréé (approved) e-invoicing platform status ahead of France's Sept 2026 mandate; over 1,000,000 business/accountant users.

How they differentiate

Positions as a unified accounting + financial management OS (vs Qonto's banking/payment focus) tailored to continental European accounting rules, with deep accountant-firm collaboration tools rather than just SME bookkeeping.

Main competitors

Qonto (neobank/pro account, different core category), Xero and Intuit QuickBooks (international accounting SaaS), Regate (acquired by Qonto, financial automation).

Key partnerships

150+ software integrations including Stripe, Qonto, PayFit, Shopify, PrestaShop, HubSpot, Pipedrive, PayPal, and major French banks (BNP Paribas, Crédit Agricole), certified 'Plateforme Agréée' for French e-invoicing reform.

Notable customers

1M+ SMEs and independent professionals plus accounting firms use the platform, featured client testimonials include ADRESSE, Nouvelle Garde, Offishall, Fleet, Klox, Les Couronnes de Victoire, Fiters.

Major milestones

2020: Founded, seed round ($4.3M), 2021: Series A ($18M), 2022: Series B ($57M, Sequoia), Feb 2024: Series C (€40M led by DST Global) — unicorn at ~€1B valuation, Apr 2025: Series D (€75M co-led Sequoia/CapitalG/Meritech) at €2B valuation; CapitalG joins, Nov 2025: Germany market entry, Jan 2026: Series E (€175M led by TCV + Blackstone Growth) at €3.6B ($4.25B) valuation for AI R&D and European expansion ahead of French e-invoicing mandate (Sept 2026).

Growth metrics

Official site claims +1,000,000 business leaders/independents/finance directors (pennylane.com); at Series E (Jan 2026) reported ~800k client companies + 6k accounting firms and ~1,000 employees; valuation went from €1B (Series C 2024) → €2B (Series D Apr 2025) → €3.6B (Series E Jan 2026); nearly profitable / targeting high ARR; headcount ~1,000–1,150 mid-2026 with further hiring planned.

Market positioning

Category-leading French fintech unicorn (now valued at €3.6B) aiming to become the 'financial OS' for European SMEs and expand beyond France as accounting software consolidates across Europe.

Geographic focus

France (core market), expanding across continental Europe; competing with both local (Qonto) and global (Xero, Intuit) players.

About Arthur Waller

Co-founded PriceMatch (hotel revenue-management SaaS), acquired by Booking.com in 2015; Product Owner at Booking.com ~3 years; Entrepreneur In Residence at Entrepreneur First; studied economics/econometrics at Sciences Po and École Polytechnique; IMF internship (Libreville) on bank monitoring. Co-founder & CEO of Pennylane since 2020.

Latest news about Pennylane

Paris-based fintech Pennylane has secured 175 million euros in Series E funding led by TCV and Blackstone to scale its AI-driven accounting platform. This investment values the firm at 4.25 billion do

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Official website: https://www.pennylane.com