Pennylane

What is Pennylane?

Pennylane is a French financial and accounting management platform founded in 2020 in Paris by a team of 7 co-founders, including Arthur Waller (CEO). Becoming a unicorn in February 2024 with a valuation exceeding 2 billion euros, Pennylane aims to radically transform financial management for SMBs.

Key Features

Intelligent Accounting Automation

Pennylane uses proprietary OCR technology to automatically scan and categorize your invoices and receipts. Import your documents from Dropbox, Google Drive, or photograph them directly with the mobile app. The system learns from your corrections to continuously improve.

Real-time Bank Synchronization

Connect all your bank accounts for a consolidated view of your cash flow. Pennylane automatically retrieves your transactions and matches them with your invoices. 20% of customers even use the integrated Pennylane bank account.

Accountant Collaboration

Pennylane creates a digital bridge between you and your accountant. Share your documents instantly, ask questions via the integrated chat, and track the progress of your accounting in real time. Over 4,000 accounting firms use Pennylane.

Dashboards and Analytics

Visualize your revenue, margins, and key indicators in real time. Premium plans include advanced analytics to manage your business with precision.

AI Accounting Assistant

Pennylane integrates an AI chatbot specially trained to answer accounting and tax questions. This assistant also helps accountants navigate complex regulatory cases.

Use Cases

• Invoicing: Create and send invoices compliant with French standards
• Expense management: Categorize and track all your business expenses
• Bank reconciliation: Automate accounting reconciliation
• Tax declarations: Prepare your obligations with your accountant
• Financial management: Anticipate your cash flow with monthly projections

Who is it for?

Pennylane is designed for freelancers, small businesses, and French SMBs (up to ~1000 employees) as well as accounting firms. Over 350,000 businesses trust the platform.