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Accounting software startup Pennylane becomes France’s latest unicorn
Pennylane, an accounting software startup based in France, just raised another €40 million. Over 120,000 SMEs use Pennylane in France.
Today, we work with companies with a bit more than a thousand employees,” Pennylane co-founder and CEO Arthur Waller told me. With today’s funding round, existing investors Sequoia Capital and DST Global are increasing their stake in the startup. Pennylane has also added fintech products with professional banking and payment cards integrated directly in the platform.
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