Insights

Global Expansion Opportunity Penny Software's recent expansion to the UK with new offices in Derby indicates a strategic move towards global market penetration, presenting opportunities to offer complementary procurement solutions or local support services in new regions.

Growing Customer Base Partnerships with large organizations like the National Housing Company and KPMG highlight Penny Software’s increasing adoption among enterprise clients, suggesting a market receptive to advanced procurement technology integrations.

Funding and Growth Significant recent investments from prominent funds and strategic investors such as Class 5 Global, Hambro Perks, and Wamda demonstrate strong growth potential, signaling opportunities to position premium or scalable solutions for expanding needs.

Technology Adoption Penny’s use of modern tech stacks like MongoDB, Express, and Cloudflare indicates a competitive edge in delivering fast, secure, and scalable SaaS procurement solutions, making it a promising target for upselling advanced analytics or AI-driven modules.

Emerging Market Focus With its origins in Saudi Arabia and tailored solutions for local content monitoring and housing sectors, Penny Software is well-positioned to leverage regional market trends and expand further into Middle Eastern and European markets with custom procurement services.

Penny Software Tech Stack

Penny Software uses 8 technology products and services including MongoDB, Shopify, OWL Carousel, and more. Explore Penny Software's tech stack below.

MongoDB

Database

Shopify

E-commerce

OWL Carousel

Javascript Libraries

HTML

Programming Languages

Yoast SEO

Search Engines

Cloudflare Bot Management

Security

X-Content-Type-Options

Web & Portal Technology

Express

Web Frameworks

Penny Software Email Formats	Example	Percentage
First.Last@penny.co	John.Doe@penny.co	67%
First@penny.co	John@penny.co	33%

Penny Software Email Formats

Example

Percentage

First.Last@penny.co

John.Doe@penny.co

67%

First@penny.co

John@penny.co

33%

Frequently Asked Questions

Where is Penny Software's headquarters located?

Penny Software's main headquarters is located at Riyadh Saudi Arabia. The company has employees across 4 continents, including AsiaAfricaEurope.

What is Penny Software's official website and social media links?

Penny Software's official website is penny.co and has social profiles on LinkedIn.

What is Penny Software's NAICS code?

Penny Software's NAICS code is 5112 - Software Publishers.

How many employees does Penny Software have currently?

As of April 2026, Penny Software has approximately 66 employees across 4 continents, including AsiaAfricaEurope. Key team members include Chief Revenue Officer (cro) (contract): M. W.Vice President Of Product Management: A. A.Vice President Of Engineering: A. K.. Explore Penny Software's employee directory with LeadIQ.

What industry does Penny Software belong to?

Penny Software operates in the Software Development industry.

What technology does Penny Software use?

Penny Software's tech stack includes MongoDBShopifyOWL CarouselHTMLYoast SEOCloudflare Bot ManagementX-Content-Type-OptionsExpress.

What is Penny Software's email format?

Penny Software's email format typically follows the pattern of First.Last@penny.co. Find more Penny Software email formats with LeadIQ.

When was Penny Software founded?

Penny Software was founded in 2020.

Penny Software

Q: What is Penny Software's official website and social media links?

Penny Software's official website is penny.co. Penny Software has social profiles on LinkedIn.

Q: How many employees does Penny Software have currently?

Penny Software has approximately 66 employees.

Q: What technology does Penny Software use?

Penny Software's tech stack includes Google Fonts API, JSON-LD, X-Content-Type-Options, HTTP/3, Element UI.

Q: What is Penny Software's NAICS code?

Penny Software's NAICS code is 5112 (Software Publishers).

Software DevelopmentRiyadh, Saudi Arabia51-200 Employees

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.

Insights

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Penny Software Tech Stack

Media & News

Penny Software expands offices to Derby, United Kingdom, Northern Europe, Europe.

Penny Software launches Penny's Local Content Tracker.

Penny Software partners with National Housing Company.

Penny Software is developing SupplyPro.

Kpmg Llp partners with Penny Software.

Class 5 Global invests into Penny Software $1.35M.

Hambro Perks invests into Penny Software.

Penny Software's Email Address Formats