This is an exception in this period of scarcity for financial (or fintech) start-ups.
While funding has dried up, Pennylane, the young French start-up specializing in accounting, has just raised 40 million euros from its historic investors: the American investment fund Sequoia and DST Global (invested in Meta, Twitter, Stripe, Alan, Qonto…), entered its capital a year ago.
This operation values the young company, launched in January 2020, at 1 billion euros, twice as much as just a year ago, during the previous fundraising (30 million euros).
Which makes it a unicorn (name given to start-ups valued at 1 billion euros).
Pennylane is the first French fintech since 2022 to achieve this coveted status.
She joins in this closed circle Qonto, Alan, Payfit, Ledger, Younited, Spendesk, Swile, Lydia and Shift.
Read alsoA cold snap on the financing of young financial startups
Since its creation, Pennylane, whose name is inspired by a Beatles song, has already raised 150 million…
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