Pennylane was officially launched in January 2020 by seven co-founders with a clear ambition: to modernize accounting and financial management for SMEs and accounting firms.
From the beginning, Pennylane was built around a strong conviction: companies and their accountants should work on the same platform, with reliable real-time financial data, better collaboration, and modern tools to make better decisions.
In 2026, Pennylane announced a major fundraising round to accelerate product development, AI, e-invoicing, and European expansion.