Pennylane

About Pennylane

Pennylane is a French fintech founded in Paris in 2020, building an AI-powered accounting platform that connects small and medium-sized businesses directly with their accountants in a shared, real-time financial workspace. The platform covers automated bookkeeping, bank reconciliation, invoice management (both payable and receivable), VAT returns, and financial reporting. The AI layer of Pennylane automates transaction categorisation, invoice data extraction via OCR, and anomaly flagging for reconciliation errors. The platform learns from accountant corrections over time to improve categorisation accuracy per client. AI-generated financial summaries help business owners understand their financial position without requiring accounting expertise. Pennylane is incorporated and headquartered in France, with data hosted on French and EU cloud infrastructure. As a French company handling financial data, Pennylane operates under both GDPR and French financial data regulations. The company provides a comprehensive DPA and is transparent about its sub-processor list. Customer accounting data is not used to train AI models across other clients' accounts. The platform integrates with major French and European payroll tools, e-commerce platforms, and banking connectors including open banking via PSD2. It supports multi-entity management for growing businesses and accounting firms managing multiple clients. Pricing is structured around a per-company per-month model for SMEs, with separate pricing for accounting firms managing client portfolios. A free trial period is available. Pennylane is purpose-built for the French and broader European SME market, with particular depth in French accounting standards (PCG), TVA management, and integration with French administrative systems. It represents a strong alternative to US-headquartered accounting SaaS for EU-focused businesses.