Penny Software

📍 Riyadh, Saudi Arabia🗓 Founded 2020👥 50 employees💰 Last funded 2024
Software Development🌐 penny.co
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AI-Powered Procurement Penny is a cloud-based Source-To-Pay solution. It is a modular system that is quick to implement and easy to use. Penny helps you digitize and manage your entire procurement cycle from Purchase Requisitions, Approvals, RFQs, RFP, RFIs, quotations/proposals gathering comparison and analysis, POs, GRN, and even payments. Along with vendor, contract, spend, and budget management modules. You can track your procurement in full, extract reports, and analysis. Penny Software is so easy that everyone on your team will love using it.
6
Total investors
5
Early stage
1
Mid stage
0
Late stage
2020
Founded

Investors

6 investors
All
Early stage
Mid stage
Late stage
Investor geography4 countries
United Arab Emirates
2
Saudi Arabia
2
United States
1
United Kingdom
1
Investor activity2020–2024 · investors recorded per year
20201202122022220241
Recent (last 2y)Earlier
Frequently asked questions
Who invested in Penny Software?
Penny Software has 6 investors on record on gritt.io, including 5 early-stage backers, 1 mid-stage.
When did Penny Software last raise funding?
The most recent investment in Penny Software recorded on gritt.io was in 2024.
When was Penny Software founded?
Penny Software was founded in 2020.
What industry is Penny Software in?
Penny Software operates in Software Development. Find similar Software Development investors on gritt.io.
Where is Penny Software based?
Penny Software is headquartered in Riyadh, Saudi Arabia.