Pennylane

Pennylane makes accounting and financial management software for small and medium businesses, startups and accounting firms across Europe. Its platform handles invoicing and electronic billing, tracks expenses and purchasing, and manages cash flow and treasury. It also covers accounts payable and receivable and bank reconciliation, connecting a company's financial data with its accountants. The company is based in Paris, France.

Pennylane became a unicorn in February 2024, backed by investors including Sequoia Capital. That kind of backing matters for a startup like this: it funds fast growth across Europe. More than 1 million people now use the platform to manage their books.¹