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Pennylane - 1 Arthur Waller - 1 Waller - 1 it's - 1 Visma - 1
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☆ Sequoia-backed fintech Pennylane just became a unicorn. Check out the 15-slide pitch deck it used to raise $43 million.
  + stars: | 2024-02-08 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +2 min
French accounting tech startup Pennylane has raised $43 million in a deal that valued the business at over $1 billion. Founded in 2020, Pennylane works with SMEs and accounting firms to simplify and digitize their accounting processes. The company's SaaS model pulls third-party data from platforms like Stripe and Qonto, to help SMEs with their accounting needs. This story is available exclusively to Business Insider subscribers. "We've seen very strong growth in users and revenues, without having to grow our sales and marketing spend," Waller told Business Insider.
Persons: Pennylane, Arthur Waller, Waller, it's, Visma Organizations: Business, Sequoia Locations: Paris, Pennylane
☆ Sequoia-backed fintech Pennylane is set to raise around $50 million in deal led by Revolut investor DST Global, sources say
  + stars: | 2023-03-02 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +2 min
French accounting tech startup Pennylane is set to raise around $50 million, Insider understands. The new round will be led by Revolut investor DST Global, four sources familiar with the deal said. The new funding is thought to be an up-round from the company's last deal in January 2022. Pennylane, a fintech that wants to become the predominant financial operating system for SMEs, is set to close a new funding round led by Revolut investor DST Global, sources say. The Paris-based company will raise around $50 million, two sources said.
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