Pennylane
All-in-one accounting and finance platform shared with your accountant
Pennylane combines invoicing, bank synchronisation, expense management, cash-flow tracking and bookkeeping in one platform that the business and its chartered accountant use together. It has become the reference cloud accounting stack for French SMEs and their accounting firms, and launched in Germany in 2025. It is registered as an approved platform (plateforme agréée) for the French 2026 e-invoicing reform.
Our reading. Best for French SMEs and restaurant or retail groups that want invoicing, banking and bookkeeping in one place their accountant also works in.
Strengths
- Shared workspace between business owner and accountant
- Integrated business account, cards and invoicing
- Approved platform for French mandatory e-invoicing
Limits
- Full accounting module only in the higher tiers
- Mainly France (Germany launched 2025)
Unicorn (€2B valuation, April 2025) used by 350,000 SMEs and 4,500 accounting firms
Valued at €2B in April 2025 (CapitalG/Alphabet); approved e-invoicing platform; targets 800 employees by end 2025
- 2 Mar 2026 ProductPennylane started selling card terminals from €89, built on Adyen infrastructure, with fees of 0.75% for EU consumer cards and 2% for non-EU and commercial cards. Payments settle into the Pennylane pro account within 24 business hours and are reconciled automatically in the books, removing manual entry for shops and restaurants.
- 20 Jan 2026 FundingPennylane closed a €175M round led by TCV with Blackstone Growth, less than a year after its €75M Series B, doubling its valuation to €3.5bn. With 800,000 client companies and 6,000 accounting firms, the company is capitalising on France's mandatory e-invoicing rollout and plans payment terminals and a third country in 2026.
- https://www.pennylane.com/fr/tarifs
- https://www.fintechfutures.com/venture-capital-funding/fintech-unicorn-pennylane-doubles-valuation-with-new-75m-raise