Series E · Fintech · Paris, France · Founded 2019 · 501–1000 employees
Pennylane is a French accounting software company that became a unicorn in 2024, serving over 120,000 SMEs and 2,000 accounting firms across France. The company provides an all-in-one financial and accounting platform that connects to third-party services and includes banking features, experiencing remarkable 40x growth in users over two years. With its most recent Series E funding round of €175 million in January 2026, Pennylane reached a valuation of €3.5 billion and achieved €100 million in annual recurring revenue. The company is strategically positioned to benefit from France's mandatory electronic invoicing reform coming in 2026.