Pennylane

French AI accounting platform connecting SMEs and accountants in real time

Ramp

US AI-powered corporate card, expense management, and finance automation platform

Pennylane

Excellent

22/25

Ramp

Caution

10/25

Score Breakdown

DimensionPennylaneRamp

Data Residency

Where is your data stored and processed?

Pennylane: Financial data hosted in France on EU infrastructure with no cross-border transfers outside the EU.

Ramp: US-only product and infrastructure; no EU data residency; EU businesses not currently supported

5/5

Financial data hosted in France on EU infrastructure with no cross-border transfers outside the EU.

1/5

US-only product and infrastructure; no EU data residency; EU businesses not currently supported

Legal Jurisdiction

Which laws govern the company and your data?

Pennylane: French SAS incorporated and operating under French and EU law; directly subject to CNIL enforcement.

Ramp: US Delaware corporation; CLOUD Act applies; no EU legal entity or DPA framework for EU customers

5/5

French SAS incorporated and operating under French and EU law; directly subject to CNIL enforcement.

1/5

US Delaware corporation; CLOUD Act applies; no EU legal entity or DPA framework for EU customers

Data Retention & Training

Is your data used for model training?

Pennylane: Client accounting data is isolated per account and not used for cross-client model training.

Ramp: No training on customer financial data; strong contractual commitments; SOC 2 verified controls

4/5

Client accounting data is isolated per account and not used for cross-client model training.

4/5

No training on customer financial data; strong contractual commitments; SOC 2 verified controls

Certifications

ISO 27001, SOC 2, Cyber Essentials, etc.

Pennylane: ISO 27001 certification in place; SOC 2 audit not confirmed for this relatively young platform.

Ramp: SOC 2 Type II and PCI DSS — appropriate for a card-issuing fintech; ISO 27001 not confirmed

3/5

ISO 27001 certification in place; SOC 2 audit not confirmed for this relatively young platform.

3/5

SOC 2 Type II and PCI DSS — appropriate for a card-issuing fintech; ISO 27001 not confirmed

Regulatory Fit

Suitability for regulated industries and professional services

Pennylane: Purpose-built for French and EU accounting standards with CNIL-compliant data practices and PSD2 open banking integration.

Ramp: US-only product; not available or suitable for EU business entities; EU companies should consider Pleo or Payhawk

5/5

Purpose-built for French and EU accounting standards with CNIL-compliant data practices and PSD2 open banking integration.

1/5

US-only product; not available or suitable for EU business entities; EU companies should consider Pleo or Payhawk

Total Score

22/25

10/25

Best For

Pennylane

Best for EU-headquartered organisations needing maximum data sovereignty; regulated industries (CNIL, AMF); privacy-conscious teams who need strong data retention controls.

Ramp

Best for privacy-conscious teams who need strong data retention controls; teams on a tight budget; enterprises requiring SSO integration.

Detailed Comparison

Pennylane vs Ramp: Trust & Compliance Comparison

Pennylane (Pennylane, FR) scores 22/25 overall with a Gold (Excellent) trust badge. French AI accounting platform connecting SMEs and accountants in real time. Ramp (Ramp, US) scores 10/25 with a Review Required (Caution) trust badge. US AI-powered corporate card, expense management, and finance automation platform.

Dimension-by-Dimension Breakdown

#### Data Residency

Pennylane leads with 5/5 vs 1/5.

●Pennylane (5/5): Financial data hosted in France on EU infrastructure with no cross-border transfers outside the EU.

●Ramp (1/5): US-only product and infrastructure; no EU data residency; EU businesses not currently supported

#### Legal Jurisdiction

Pennylane leads with 5/5 vs 1/5.

●Pennylane (5/5): French SAS incorporated and operating under French and EU law; directly subject to CNIL enforcement.

●Ramp (1/5): US Delaware corporation; CLOUD Act applies; no EU legal entity or DPA framework for EU customers

#### Data Retention & Training

Both score equally at 4/5.

●Pennylane (4/5): Client accounting data is isolated per account and not used for cross-client model training.

●Ramp (4/5): No training on customer financial data; strong contractual commitments; SOC 2 verified controls

#### Certifications

Both score equally at 3/5.

●Pennylane (3/5): ISO 27001 certification in place; SOC 2 audit not confirmed for this relatively young platform.

●Ramp (3/5): SOC 2 Type II and PCI DSS — appropriate for a card-issuing fintech; ISO 27001 not confirmed

#### Regulatory Fit

Pennylane leads with 5/5 vs 1/5.

●Pennylane (5/5): Purpose-built for French and EU accounting standards with CNIL-compliant data practices and PSD2 open banking integration.

●Ramp (1/5): US-only product; not available or suitable for EU business entities; EU companies should consider Pleo or Payhawk

Certifications at a Glance

Certification	Pennylane	Ramp
ISO 27001	Yes	No
PCI DSS	No	Yes
SOC 2 Type II	No	Yes

Overall Verdict

Pennylane has a clear trust advantage, scoring 22/25 compared to Ramp's 10/25. Pennylane particularly excels in data residency, legal jurisdiction, regulatory fit.

Frequently Asked Questions

Which is better for EU compliance, Pennylane or Ramp?

Pennylane has a TrustKit score of 22/25 while Ramp scores 10/25. Pennylane currently rates higher across data residency, legal jurisdiction, data retention, certifications, and regulatory fit.

How do Pennylane and Ramp compare on data residency?

Pennylane scores 5/5 for data residency (Financial data hosted in France on EU infrastructure with no cross-border transfers outside the EU.), while Ramp scores 1/5 (US-only product and infrastructure; no EU data residency; EU businesses not currently supported).

Are Pennylane and Ramp GDPR compliant?

Both tools are assessed across five compliance dimensions. Pennylane has a regulatory fit score of 5/5 and Ramp scores 1/5. Check the full comparison above for a detailed breakdown.

Explore Each Tool