France based Fintech Firm Pennylane Acquires €15 Million in Capital to Further Expand its Accounting Platform
France-based Fintech firm
Pennylane, which was launched in January 2020, has acquired €15 million in capital as the European financial technology sector continues to attract more consumers and businesses.
French accounting company Pennylane finalized its €15 million Series A round in less than a year after it was introduced (right before awareness about COVID-19 became more widespread in February 2020).
Pennylane, which provides a comprehensive accounting platform, received investments from existing investors Global Founders Capital and Partech.
Arthur Waller, Co-founder and CEO of Pennylane, stated:
“This new round of financing will enable Pennylane to fully pursue its mission of supporting the company’s management team in this context of crisis and forced digital transformation.”
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