Thrilled to announce our partnership with Pennylane! More in Alex Kurland's post below about why we’re so excited for the future of accounting and financial management alongside Arthur Waller Felix Blossier and the amazing team that is building this company!
In just 5 years, Pennylane has built the dominant financial & accounting management software platform (core GL) in France. They are in a unique position to enable the accounting firms they serve, and in turn their end clients, to thrive in an AI-first world and modernize operations in the face of the vast eInvoicing reforms impacting so many European countries. We first met Arthur Waller Felix Blossier 3 years ago. They were building Pennylane within an accounting firm they were also operating – to create the product from the shoes of their (future) customers, and iterate directly with the end companies they were serving. It was complex operationally and certainly a non-traditional approach to building software. Credit to David Sainteff Luciana Lixandru for seeing the promise so early. Fast forward to today. They have built a fully capable, extremely modern GL – in record time. But it is so much more. Their fully-integrated platform also includes bank accounts, treasury management, corporate cards and spend management. And a lot more is coming soon! Meritech Capital is thrilled for the partnership and we know Pennylane is just getting started. More in their press release here: https://lnkd.in/gvF37dAB