Skip to content
Independently verified · Quarterly re-audit
EU VETTED

Pennylane

VERIFIED
Accounting · France
Founded 2020 · pennylane.com ↗

French unicorn accounting + financial-management platform for SMEs and accountants; €4.3B valuation (Nov 2025), heavily US-VC-funded.

In short

Pennylane, in the Accounting category, offers EU hosting with France as its hosting location, but a US parent or sub-processor leaves material CLOUD Act exposure.

Assessment notes

Pennylane (Paris, France, founded 2020) is ISO 27001 certified and a French-government-approved electronic-invoicing platform; however the company has raised $770M+ of mostly US capital from Sequoia Capital, DST Global, CapitalG (Alphabet), Meritech Capital, TCV, and Blackstone Growth, making it the most US-VC-funded French SaaS in the accounting space; ownership signal flips to eu_hq_us_funded and CLOUD Act exposure to material via investor influence.

CLOUD ACT
OWNERSHIP
SUB-PROCS
— not disclosed
Verified signals
Jurisdiction
  • EU / adequacy hosting
  • EU / adequacy operator
  • No US CLOUD Act exposure
Transparency
  • Public DPA
  • Sub-processors disclosed
  • Open-source clients
  • Third-party certification
JUMP TO
OVERVIEW

About Pennylane

Pennylane (Paris, France, founded 2020) has rapidly become one of Europe's most-talked-about accounting platforms: over 1 million users including freelancers, SMEs (PME/ETI), and accounting firms, with a French-government-certified e-invoicing capability ahead of the 2026 PPF mandate. ISO 27001 certified. The product is genuinely French-built and French-operated, but the cap table is heavily US: Sequoia Capital, DST Global, CapitalG (Alphabet's growth fund), Meritech Capital, TCV, and Blackstone Growth are all on the books, with $770M+ raised across 8 rounds and a $4.3B valuation as of November 2025. For procurement-grade buyers this is the canonical "Made in France, capitalised in the USA" case study.

SUB-PROCESSORS

Sub-processor map · not disclosed

Vendor does not publish a sub-processors list. Schrems II compliance and CLOUD Act exposure cannot be independently verified without it.
CERTIFICATIONS

Frameworks & certifications

ISO/IEC 27001
ACTIVE
FEATURES

Capability matrix

Invoicing Yes
E-invoicing Yes
Bank sync Yes
VAT returns Yes
Payroll No
Multi-currency Yes
Expense management Yes
Inventory No
Accountant access Yes
INTEGRATION & ACCESS
REST API Yes
SSO (SAML / OIDC) Yes
COMPLIANCE & GOVERNANCE
Audit log Yes
Self-host / on-prem option No
PRICING

Pricing & tiers

PAID
Custom pricing

Contact vendor for tier or volume pricing.

View pricing page ↗
PUBLIC DOCUMENTS

Public documents

Vendor does not publish a public DPA. Without a publicly accessible Data Processing Addendum, small EU customers cannot self-serve the processor agreement. This is recorded as no public DPA (see How we assess).
  • Data Processing Addendum (DPA)
    — missing
    missing
  • Sub-processors list
    www.pennylane.com/fr…
    Open ↗
ALTERNATIVES

Alternatives in this category

Conta
Norway · Founded 2009
EU-HOSTED

Norwegian free-invoicing-first accounting SaaS (founded 2009); 165K+ users, Norwegian-owned (founders + Must Invest), but runs entirely on AWS.

Public DPA Sub-processors Open source
FROM
€9/mo
CLOUD ACT
MATERIAL
View profile →
Fiken
Norway · Founded 2014
EU-HOSTED

Norwegian cloud accounting for sole traders and small companies; founder-owned, Norway-hosted, flat monthly pricing.

Public DPA Sub-processors Open source
FROM
€20/mo
CLOUD ACT
MATERIAL
View profile →
Lexware
Germany · Founded 1989
EU-BASED

Lexware Office: cloud accounting from Haufe Group (German family-owned), DSGVO + GoBD + TÜV, 400K+ DACH customers.

Public DPA Sub-processors Open source
FROM
—
CLOUD ACT
MINOR
View profile →
See all accounting alternatives →