Pennylane

Accounting, invoicing, and financial management platform for French small businesses and their accountants.

📍 France 🇫🇷, Paris

Product overview

Pennylane is a Paris-based financial management platform that connects businesses with their accountants in a shared workspace. Founded in 2020, it has grown to serve over 350,000 companies and 6,000 accounting firms in France. The company raised €175 million in a Series E round in early 2026, reaching a valuation above $4 billion. The product centralizes invoicing, bank reconciliation, expense management, supplier payments, and financial reporting. It is built to comply with France's Factur-X e-invoicing mandate taking effect in 2026. Business owners use Pennylane to track cash flow and manage day-to-day finances, while their accountants access the same data for bookkeeping and tax declarations. The platform integrates with French banks and supports automated VAT filing. Pricing starts at €14 per month for self-employed users, with plans for small companies from €29 per month. Pennylane is currently available only for businesses operating in France, though the company has announced plans to expand into Germany. The website and commercial interface are in French, but the product application supports English and German. KEY FEATURES: - Collaborative workspace shared between businesses and accountants - Automated bank reconciliation and transaction categorization - Factur-X compliant e-invoicing for France's 2026 mandate - Supplier payment management and cash flow monitoring - VAT declarations and financial statement generation