French Fintech Pennylane, Which Provides Bookkeeping Solutions, Secures Investment From Sequoia Capital

by crowdfundinsider.com posted 1month ago 4 views
French Fintech Pennylane, which Provides Bookkeeping Solutions, Secures Investment from Sequoia Capital  Crowdfund Insider. : French Fintech firm Pennylane has acquired €15 million in capital in order to expand its bookkeeping and financial management services. The Pennylane platform has been designed to allow SME owners to view all of their real-time financial data from a single dashboard. Established in 2020, Pennylane has been able to generate $2.4 million in revenue. The company’s management has also hired around 30 accountants and 15 application developers. The Fintech firm currently supports over 1000 SME clients on a daily basis.

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