Penny Software

Penny Software

Private
RiyadhEnterprise Softwarehttps://penny.co

Last Round

VC Round

Apr 15, 2024

Total Funding Raised

$6.35M

Momentum Score

75 /100

Company Overview

Penny Software is a procurement software company that provides a cloud-based source-to-pay system to digitize and manage the full procurement cycle from request to payment.

Sector

Enterprise Software

Verticals

Vertical SaaS, Workflow Automation, Supply Chain, Accounting & Expense, E-commerce

Business Model

B2B

Customer Profile

Subscription SaaS, Marketplace Commission, Services & Consulting

AI Layer

Application

Keywords

source-to-pay platformS2Pprocurement softwarespend management softwareprocurement automatione-procurementB2B marketplacesourcing softwarepurchase-to-paysupplier managementERP integrationwhite-label marketplaceprocurement as a servicesourcing AI

Historical Pricing

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Caplight Momentum Score

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Penny Software Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Penny Software Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
VC RoundApr 15, 2024
SeedJan 17, 2022
SeedSep 21, 2020

Key People

Founding team and executive leadership

Iyad Aldalooj

Co-Founder CEO

Founding Team

Penny Software Investors

Notable investors and investment history

InvestorRounds
Class 5 GlobalSeed, VC Round
Shorooq PartnersSeed, VC Round
Plug & Play VenturesSeed
Knollwood Investment AdvisoryVC Round
Outliers Venture CapitalVC Round, Seed
WamdaSeed, VC Round
Iliad PartnersVC Round

Market signals

Structured signals derived from secondary market and firmographic data.

  • Feb 17, 2026

    Opened a new office in Derby, United Kingdom for global expansion.

  • Nov 1, 2025

    Added Bazaar Technologies Pvt Ltd., an e-commerce/fintech company.

Penny Software Filings

SEC and related filings with document metadata.

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Penny Software Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Penny Software's valuation, stock price, and market status.

Firmographic Details

HeadquartersRiyadh
Employee Range62
Year Founded2020
Last FundingApr 15, 2024

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