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Pennylane raises $18.3m for its accounting service

France based accounting platform for SMBs raised €15m in Series B funding led by Sequoia Capital.

“Pennylane is becoming the key financial management platform for SME’s in Europe,” Sequoia partner Luciana Lixandru said in a statement. “We are thrilled to partner with their exceptional team to ensure businesses of any size can have a single, up-to-date source for their financial data and improve how they collaborate with their accountants.”

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europe, accounting