As a key player from the outset in the reform of electronic invoicing, which will come into force in 2026 in France, Pennylane has established itself as a key reference in this field.

Unlike the fragmented solutions on the market, Pennylane offers an integrated platform that combines financial management, business accounts, accounting production and a Partner Dematerialisation Platform (PDP). This 4-in-1 approach enables VSEs and SMEs to manage all their finances in a fluid and secure manner, without having to use multiple tools.

Already adopted by more than 4,500 accounting firms and 350,000 clients, the solution stands out for its interoperability with existing business systems via native connectivity or high-performance APIs, guaranteeing a smooth transition to electronic invoicing.

By investing heavily in its technology and strengthening its commitment to chartered accountants and management solutions integrators, Pennylane is consolidating its role as a market leader and providing long-term support to companies in this regulatory and digital transformation.

“This fundraising illustrates the confidence of our investors and confirms our ambition to make Pennylane the benchmark solution in integrated financial management and electronic invoicing. Our PDP infrastructure is already proven, and our ecosystem is ready to support companies and accounting firms in this strategic transition. Thanks to our platform, companies can now send and receive electronic invoices in Factur-X format, enabling them to anticipate the reform with confidence and comply with the new obligations with ease. Although we were not actively seeking funding, this opportunity allows us to further accelerate the development of additional services around purchase and sales invoices and to offer companies and firms a fully integrated and interoperable solution designed to meet the challenges of this transformation. ”

 said Arthur Waller, CEO and co-founder of Pennylane

“Pennylane’s relentless customer focus continues to drive momentum and trust, with the number of SMEs on their platform increasing 3X in just the past 12 months. Sequoia first partnered with Pennylane in 2021 and Arthur and the team’s speed of execution has impressed us every day since. We’re excited to lead this round and support Pennylane to deliver even greater impact for businesses and their trusted accountancy firms. With e-invoicing reforms rolling out in France and across Europe, many companies are just beginning their digitization journey. This presents a massive opportunity, and Pennylane is perfectly positioned to seize it.”

said Luciana Lixandru, Sequoia Partner

Continuing its commitments to the accounting profession

Since its creation, Pennylane has established itself as a key player in the modernisation of the accounting sector, placing trust, transparency and innovation at the heart of its approach. Thanks to constant dialogue with chartered accountants and ambitious technological investments, the platform works to simplify the daily lives of professionals, while strengthening their role as a strategic trusted third party for companies.

This fundraising marks a new stage in this mission. In particular, it will support an ambitious hiring plan, aiming to reach 800 employees by the end of the year. The commitment to the accounting profession will remain at the heart of these developments, guaranteeing an evolving product, capable of rapidly integrating technological advances such as generative AI and regulatory developments related to electronic invoicing. These transformations are designed as levers for productivity and the development of new services with high added value.

In keeping with this vision and in accordance with the charter of commitment filed with a bailiff in September 2024, Pennylane's co-founders and employees retain a majority of the voting rights, thus guaranteeing total independence in strategic and commercial decisions. This autonomy ensures development in line with the needs of chartered accountants and their clients, without compromising on quality, compliance and innovation.