Penny Software
Penny is a cloud-based procurement and sourcing management software that helps digitize and manage the entire procurement cycle.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Series A | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 59 % | - |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Penny.co is a cutting-edge startup specializing in B2B (business-to-business) digital procurement software. This company provides a comprehensive platform designed to help businesses streamline their procurement processes, maximize spending efficiency, and achieve significant cost savings. Penny.co serves a wide range of clients, including large corporations and resellers, who need to manage their purchasing operations effectively.
Operating in the global procurement market, Penny.co's platform is built to support diverse regulatory requirements across different regions. This adaptability ensures that businesses can operate smoothly and autonomously, regardless of their geographical location. Compliance with the latest procurement regulations and standards is a key feature of the platform, allowing businesses to manage their operations confidently without worrying about legal issues.
The business model of Penny.co revolves around offering a cloud-based, modular procurement suite. This means that businesses can choose specific modules that fit their needs and integrate them with their existing systems. The platform utilizes advanced technologies, including artificial intelligence, to automate the entire procure-to-pay process. This includes everything from sourcing suppliers to making payments, all on a single, user-friendly platform.
Penny.co makes money by providing subscription-based access to its software. Clients pay for the modules they use, and the cloud-based nature of the platform ensures that integration with existing systems is smooth and efficient. The company also offers comprehensive training resources and guides to help businesses onboard their teams quickly and easily.
In summary, Penny.co is a leading provider of B2B digital procurement software that helps businesses streamline their purchasing processes, ensure compliance, and achieve cost savings through advanced, AI-driven technology.
Keywords: B2B, digital procurement, cost savings, compliance, AI-driven, cloud-based, modular solutions, global operations, seamless integration, user-friendly.