Pennylane

All-in-one financial management and accounting platform founded in 2020 by seven co-founders, connecting small and mid-sized business owners with their accountants in a shared collaborative workspace updated in real time. Valued at 3.6 billion euros in early 2026 following a 175 million euro round led by TCV with participation from Blackstone Growth and existing shareholders, Pennylane now claims centaur status with annual recurring revenue (ARR) of 115 million euros reached in December 2025. The fintech brings together more than 800,000 business customers and over 6,000 partner accounting firms, forming the largest network in the French market. Pennylane automates bookkeeping through optical character recognition, real-time bank reconciliation and electronic invoicing, in anticipation of the French reform making electronic invoicing mandatory. In total, more than 400 million euros have been raised since the company's inception across several funding rounds. The positioning as a collaborative bridge between the business owner and their accountant on a single interface is the core value proposition, eliminating file exchanges and duplicate data entry. The platform holds Approved Platform (Plateforme Agreee) status for electronic invoicing. 400+ million EUR raised in total, valuation of 3.6 billion EUR (January 2026, 175 million EUR round led by TCV and Blackstone Growth), 115 million EUR in ARR as of December 2025, 800,000+ business customers, 6,000+ partner accounting firms