French accountancy FinTech raises €4mn

May 19, 2020 | FinTech

Written by FinTech Alliance

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French accountancy FinTech raises €4mn

Paris-based Pennylane has raised €4mn funding.

In Brief:

  • Pennylane brings together accountants and tech to help small businesses manage their admin.

  • Investors included Global Founders Capital, Partech and Kima Ventures.

  • The FinTech currently has a beta product which is launched in 2019.

What does this mean?

This is the company’s first fundraising. It benefits from an experienced founding team, whose business Pricematch was bought by Booking.com in 2015. With the fresh capital, it will look to recruit around 20 new accountants.

Read more here.

 

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