Pennylane

Type
Business expansion
Country
France
Region
Ile-de-France; Ile-de-France; Yvelines
Location of affected unit(s)
Saint-Germain-en-Laye
Sector
Professional Services
69 - Legal and accounting activities
69.2 - Accounting, bookkeeping and auditing activities; tax consultancy
69.20 - Accounting, bookkeeping and auditing activities; tax consultancy
100 jobs
Number of planned job creations
Job creation
Announcement Date
8 October 2020
Employment effect (start)
9 October 2020
Foreseen end date

Description

The fintech accounting platform Pennylane, announced the recruitment of 100 employees. The company is offering permanent contracts, mainly for accountants, chartered accountants and developers positions. In its 10 months of existence, Pennylane has generated a turnover of €1 million, recruited more than 55 employees and now supports more than 350 clients on a daily basis (including Luko, the consulting agency Klox, Liberkeys, the Barak, R-PUR, Yuka and Pricemoov restaurants). In May, the young company raised €4 million.

Pennylane offers an alternative to entrepreneurs who often use Excel with a platform entirely dedicated to accounting.

Sources

Citation

Eurofound (2020), Pennylane, Business expansion in France, factsheet number 102077, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102077.