Insights

Strategic Partnerships Penny has established or pursued partnerships with major players and institutions, including SAP Ariba, KPMG, and the National Housing Company, signaling openness to channel partnerships and co-developed procurement solutions that can unlock joint selling motion and reference accounts.

Geographic Expansion The opening of a UK office in Derby and a broader Northern Europe push indicate an active expansion strategy, creating a foothold for cross-border deals and localized sales motions to accelerate procurement software adoption in new regions.

Local Content Focus Penny's development of Local Content Tracker and SupplyPro tailored for Saudi Arabia and housing sector buyers points to a strong vertical and regulatory-aligned value prop, offering up-sell opportunities into government-linked entities and large-scale developers prioritizing local content.

Platform Differentiation As a modular, cloud-based Source-To-Pay solution with end-to-end procurement, vendor, contract, spend, and budget management, Penny can be positioned against point solutions and target mid-market to enterprise buyers seeking quick deployment and comprehensive visibility.

Financial Growth Signals Revenue range and seed-stage funding, including strategic investments from notable firms, indicate momentum and credibility; this supports outbound campaigns targeting growing procurement teams that value scalable, AI-powered automation and rapid ROI.

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 1 format(s):
penny. Email FormatsExamplePercentage
First.Last@penny.coJohn.Doe@penny.co
67%
First@penny.coJohn@penny.co
33%

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 July 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 July 2026, penny. has approximately 69 employees across 4 continents, including AsiaAfricaNorth America. Key team members include Vice President Of Engineering: A. K.Co-Founder & Ceo: I. A.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 PendoKubernetesWordPressSalesforceFigmaOracle FusionMicrosoft AzurePiwik 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

Section iconFunding & Financials

  • $1M - $10M

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

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