Pennylane, a French fintech that created an online full-stack accounting service, has raised $18M (approx €15M) in its Series A round of funding from investors including Global Founders Capital and Partech.
Founded just a year ago, Pennylane raised its Seed round funding of $4.3M (approx €4M) from Global Founders Capital, Partech, and Kima Ventures in May 2020, and has been quickly growing since.