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Pennylane raises €175M in Series E, reaching €3.6B valuation

Founded in 2020, French fintech Pennylane has raised €175 million in a Series E round, reaching a €3.6 billion unicorn valuation. The company builds a financial operating system for European SMEs.

Pennylane employs 700+ people from 34 nationalities, including around 20 employees in Portugal, and operates with a fully remote-first model across Europe.