France based accounting startup raised €15m in Series A funding from Global Founders Capital and Partech.
A year after launch, Pennylane has generated €2 million in revenue ($2.5 million) and attracted 550 customers. There are now 30 accountants working for the company. Up next, the startup wants to attract more companies, and especially companies that have an in-house accounting team or work with an accounting firm already. You’ll be able to use Pennylane’s software-as-a-service with your own accountant.