Company Research Report: Pennylane

Company Overview

• Name: Pennylane

• Mission of the Company: To support the development and competitiveness of independent clients or SME managers while valuing the expertise of partner firms.

• Founded: September 2019

• Founders: Alexandre Roquoplo, Arthur Waller, Edouard Mascré, Félix Blossier, Quentin de Metz, Tancrède Besnard, and Thierry Déo.

• Key People:

• Arthur Waller, CEO and Co-Founder

• Headquarters: No information is available.

• Number of Employees: More than 500 collaborators.

• Revenue: No information is available.

• Known For: Providing a comprehensive, powerful, and integrated software tool that combines finances, accounting, and professional accounts, aiming to simplify the management of financial operations for business leaders, CFOs, and accounting firms.

Products

Overview

Pennylane offers a holistic fintech and accounting platform with seamless integration for managing various financial aspects including billing, spending, and accounting in real-time.

Key Products and Features:

1. Billing Simplification

• Comprehensive invoice editor, including quotes, invoices, proforma, purchase orders, delivery notes, subscriptions, automatic reminders, and payment links.

• Centralizes all receipts and enables one-click payment for purchases.

2. Expense Management

• Offers professional accounts with cards that can be managed for authorizations.

• Expense report module, purchase request workflow, one-click supplier invoice payment, and missing receipt reminders.

• Multi-axis analytics and fixed assets management.

3. Real-time Treasury

• Offers a unique dashboard and 360-degree transaction view.

• Role-based access and an internal collaboration tool.

4. Integrations and Automations

• Seamlessly integrates with business tools and accounting software to maintain up-to-date and actionable data.

5. Mobile Application

• Provides mobile access for enhanced financial management on the go.

Recent Developments

• New Products/Features:

• Launched an option for instant financing of invoices (December 11, 2024).

• Features updates aimed at enhancing financial collaboration (January 2, 2025).

• Increased focus on providing an intuitive end-to-end purchase management tool (December 9, 2024).

• Partnerships and Investments:

• Majority owned by its founders and supported by five venture capital funds chosen for their sector expertise and long-term vision.

• Employee stock ownership plans to align employee interests with company goals.

• Strategic Developments:

• Continues to develop innovative products to meet the needs of accountants and their clients, focusing heavily on collaborative productivity gains.

• Maintains control of governance and strategic aspects, avoiding conflicts with private equity or major strategic actors.

Additional Information

• Corporate Philosophy: Emphasizes technological innovation to significantly impact the financial management market by integrating accounting and business operations in one platform.

• Commitment to Data Security: Adheres to the highest standards of data security to ensure confidence in using the platform.

• Engagement with Clients: Actively collects feedback from clients to drive product development and improvements.

Pennylane positions itself as a pioneer in creating a collaborative financial environment, allowing accountants and business managers to work efficiently and securely with real-time data.