Pennylane Review: Is It The Right Accounting Software For Your Team?
Best for SMB teams · Mid-market
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What is Pennylane?
Pennylane is a French fintech platform providing all-in-one financial management and accounting software for SMBs and accounting professionals. With over 1 million users and a €2.2 billion valuation, Pennylane was selected as an official registered Provider (PDP) for France's 2026 electronic invoicing mandate. The platform achieves €115 million ARR by integrating expense management, invoicing, cash flow monitoring, and complete accounting operations in a single dashboard, eliminating the need to switch between multiple tools. Pennylane serves freelancers, independent contractors, small business owners, and accounting firms. The platform offers a free tier for micro-enterprises and four paid tiers starting at €7/month with unlimited invoice capacity. Features include professional business accounts with payment cards, automated payment reminders, expense tracking, recurring invoicing, cash flow forecasting, and complete accounting modules. With 4.8/5 ratings on both App Store and Google Play, Pennylane provides mobile access for on-the-go financial management.
Best For
Built for growing teams, from small businesses to mid-market
Platform
Web + mobile app (iOS & Android)
Pennylane was reviewed internally using user feedback, in-house testing, and market research to assess its performance, reliability, and user experience. Learn how we review products and our evaluation process.
Who should consider Pennylane
- Team types
- Freelancers, Small Business
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What is the pricing of Pennylane?
Pennylane Pricing Plans
Free
Invoice creation & reception
E-invoicing compliant
Supplier invoice centralisation
Accountant collaboration tools
Mobile app
Starter
€7
/Month
Pro account with virtual & physical cards
Invoice creation & reception
Supplier payment in one click
Payment links
Bank account synchronisation
Basique
€14
/Month
All Starter features
Advance & partial invoice management
Commercial documents (delivery notes, POs)
Optimised supplier management
Essentiel
€24
/Month
All Basique features
Automated follow-up & quote signatures
Recurring invoices & subscriptions
Expense management
Cash flow forecasting & API access
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What are the features of Pennylane?
The overall accounts payable (AP) balance of a corporation at a given moment in time will appear in the current liabilities column of its ba…
Analytics is a math-based field that aims to uncover patterns in marketing data to gain actionable knowledge that can be used in your market…
Cash flow forecasting is a crucial aspect of financial management for any business. It involves predicting the inflow and outflow of cash ov…
Keeping track of your expenses is a crucial component of building a budget for your small business. The financial health of your budget is i…
Online invoicing allows you to create and deliver invoices to your vendors via email rather than printing and mailing physical copies. You c…
Payment Processing is defined as providing a Person with the ability to charge or debit accounts using any payment mechanism, including but…
Payment Reminders is a convenient feature that allows users to set up automated reminders for overdue payments. This feature is designed to…
Recurring billing is a software feature that allows businesses to set up automated, recurring payments for their products or services. With…
Alternatives to Pennylane
Recommended
Streamline your finances with ease.
9.2
Excellent
Pennylane Support Options
Frequently Asked Questions About Pennylane
Common questions buyers ask before choosing Pennylane.
Pennylane is a Accounting Software. Pennylane offers Cash flow Forecasting, Recurring Billing, Accounts Payable, Analytics, Online Invoicing and many more functionalities.
Some top alternatives to Pennylane includes Xero and undefined.
Pennylane offers pricing model
The starting price of Pennylane is €0
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About the reviewer
Rajat Gupta is the founder of Spotsaas. Over the past two years, he has reviewed 2,000+ tools across CRM, HR, AI, and finance — applying hands-on product research and a background in commerce and the CFA program to evaluate software through a business and ROI lens. His goal: help teams make software decisions they won't regret.
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Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].