EMCC European Monitoring Centre on Change

Pennylane

Company/Organisation:
Pennylane

Geographic Location

Country: France
Region: Yvelines; île de France
Location of affected unit(s): Saint-Germain-en-Laye

Company

Sector: Professional services
Legal, accounting, management, architecture, engineering, technical testing and analysis activities
69.20 - Accounting, bookkeeping and auditing activities; tax consultancy
Number Employed: 55
Group: OneCPA

Employment Effects

Announcement Date: 08-10-2020
Type of Restructuring: Business expansion
Employment Effect Start: 09-10-2020
Planned Job Creation: 100

Additional Information

The fintech accounting platform Pennylane, announced the recruitment of 100 employees. The company is offering permanent contracts, mainly for accountants, chartered accountants and developers positions. In its 10 months of existence, Pennylane has generated a turnover of €1 million, recruited more than 55 employees and now supports more than 350 clients on a daily basis (including Luko, the consulting agency Klox, Liberkeys, the Barak, R-PUR, Yuka and Pricemoov restaurants). In May, the young company raised €4 million.

Pennylane offers an alternative to entrepreneurs who often use Excel with a platform entirely dedicated to accounting.

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