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February 8, 2024

“We want to be predators, not prey”: French fintech Pennylane raises €40m for M&A

The accounting software sees its valuation double to €1bn with this latest round of funding

Paris-based accounting platform Pennylane has raised a €40m Series C that brings the company’s valuation to €1bn — the first French startup to join the unicorn club this year amid a shaky market for fintechs.

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Daphné Leprince-Ringuet

Daphné Leprince-Ringuet is a senior reporter for Sifted, based in Paris. She covers French tech and writes Sifted's AI and Deeptech newsletter . You can find her on X and LinkedIn

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