Insights

Strategic Partnerships Penny has formed notable partnerships with SAP Ariba and KPMG, highlighting credibility and access to enterprise procurement networks. This suggests opportunities to position Penny as a complementary platform for large enterprises and professional services firms looking to enhance supplier collaboration and governance.

Saudi and regional expansion Active focus on Saudi Arabia and broader Northern Europe expansion, including a Local Content Tracker tied to Saudi requirements. Sales angles include compliance, local content optimization, and partnerships with regional government-backed housing and procurement initiatives.

Local Content Solution The Local Content Tracker and related Saudi-focused solutions create a niche value proposition for organizations with local content goals or regulatory reporting needs, offering a differentiator for procurement teams prioritizing supplier localization and transparency.

Integrated procurement A cloud-based platform that manages end-to-end procurement lifecycle by consolidating multiple systems. This enables selling point toward enterprises seeking unified procurement, spend visibility, and streamlined approvals across disparate ERP and finance tools.

Growth and scale signals Recent office expansion in the UK and a revenue range of 1M–10M with a growing technology stack indicate a scalable platform suitable for mid-market to enterprise roles. Target segments could include fast-growing regional firms seeking procurement modernization and international deployment.

Similar companies to penny.

penny. Tech Stack

penny. uses 8 technology products and services including Pendo, Kubernetes, WordPress, and more. Explore penny.'s tech stack below.

Media & News

penny.'s Email Address Formats

penny. uses at least 2 email formats:
penny. Email FormatsExamplePercentage
First.Last@penny.coJohn.Doe@penny.co
70%
First@penny.coJohn@penny.co
30%

Frequently Asked Questions

What is penny.'s official website and social media links?

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

How much revenue does penny. generate?

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As of August 2026, penny.'s annual revenue is estimated to be $1M - $10M.

What is penny.'s NAICS code?

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

How many employees does penny. have currently?

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As of August 2026, penny. has approximately 69 employees across 4 continents, including Asia, Africa and North America. Key team members include Vice President Of Engineering: A. K., Co-Founder & Ceo: I. A. and Co-Founder & Cto: M. I. Explore penny.'s employee directory with LeadIQ.

What industry does penny. belong to?

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penny. operates in the Software Development industry.

What technology does penny. use?

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penny.'s tech stack includes Pendo, Kubernetes, WordPress, Salesforce, Figma, Oracle Fusion, Microsoft Azure and Piwik PRO Core.

What is penny.'s email format?

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

When was penny. founded?

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penny. was founded in 2020.
penny. logo

penny.

Software DevelopmentRiyadh, Saudi Arabia51-200 Employees

Penny is a mid-sized software company based in Riyadh, Middle East, that offers a cloud-based Source-To-Pay platform. The system is modular and designed for rapid deployment and straightforward operation, covering the procurement cycle from requisitions and approvals through RFQs, RFPs, and RFIs, to gathering, evaluating, and comparing supplier quotations, then generating purchase orders, goods receipts, and payments. It also includes modules for vendor, contract, spend, and budget management, enabling end-to-end procurement tracking and reporting. The company serves organizations looking to automate procurement workflows and improve visibility and control over spend and supplier relationships. In 2026, Penny expanded its footprint with a new office in Derby, Northern Europe, as part of its global expansion.

Section iconCompany Overview

Website
penny.co
NAICS Code
5112 - Software Publishers
Founded
2020
Employees
51-200

Section iconFunding & Financials

  • $1M - $10M

    penny.'s revenue is estimated to be in the range of $1M - $10M

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