French FinTech Pennylane has raised £13.2mn in its Series A funding round.
In Brief:
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Pennylane develops a full-stack financial management platform to deal with data.
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The round involved existing investors Global Founders Capital and Partech.
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It had previously raised $4.3mn in May 2020.
What does this mean?
Pennylane launched last year, just as France went into lockdown due to the Covid-19 pandemic. It aims to centralise previously fragmented data to help businesses view their financial situation in real-time, aiding decision making.
