Insights

Rapid Deployment Penny Software offers a modular, cloud-based procurement solution that is quick to implement and user-friendly, allowing organizations to accelerate their digital transformation efforts in procurement processes.

Strategic Partnerships Recent collaborations with major entities such as the National Housing Company and KPMG demonstrate Penny’s growing recognition and potential for expanding into government and large enterprise sectors.

Market Expansion With recent investments totaling over 1.4 million dollars from both local and international investors, Penny Software is positioned for growth and increased market penetration within the SaaS procurement space.

Innovation Focus The development of specialized solutions like Penny’s Local Content Tracker highlights a strong emphasis on local content monitoring and sector-specific innovations, appealing to organizations prioritizing compliance and national content goals.

Growth Potential Operating in a competitive SaaS environment with a revenue range of up to 10 million dollars and a dedicated team exceeding 50 employees, Penny Software presents substantial opportunities for upselling expanded modules and tailored procurement solutions.

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

Media & News

Penny Software's Email Address Formats

Penny Software uses at least 1 format(s):
Penny Software Email FormatsExamplePercentage
First.Last@penny.coJohn.Doe@penny.co
32%
First@penny.coJohn@penny.co
18%
First.Last@penny.coJohn.Doe@penny.co
32%
First@penny.coJohn@penny.co
18%

Frequently Asked Questions

Where is Penny Software's headquarters located?

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Penny Software's main headquarters is located at Riyadh, SA. The company has employees across 5 continents, including AsiaAfricaEurope.

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

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

What is Penny Software's NAICS code?

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

How many employees does Penny Software have currently?

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As of October 2025, Penny Software has approximately 52 employees across 5 continents, including AsiaAfricaEurope. Key team members include Vice President Of Product Management: A. A.Vice President Of Engineering: A. K.Co-Founder & Ceo: I. A.. Explore Penny Software's employee directory with LeadIQ.

What industry does Penny Software belong to?

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Penny Software operates in the Software Development industry.

What technology does Penny Software use?

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

What is Penny Software's email format?

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

How much funding has Penny Software raised to date?

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As of October 2025, Penny Software has raised $1.4M in funding. The last funding round occurred on Sep 21, 2020 for $1.4M.

When was Penny Software founded?

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Penny Software was founded in 2020.

Penny Software

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.

Section iconCompany Overview

Headquarters
Riyadh, SA
Website
penny.co
NAICS Code
5112 - Software Publishers
Founded
2020
Employees
51-200

Section iconFunding & Financials

  • $1.4M

    Penny Software has raised a total of $1.4M of funding over 1 rounds. Their latest funding round was raised on Sep 21, 2020 in the amount of $1.4Mas a seed.

  • $1M$10M

    Penny Software's revenue is estimated to be in the range of $1M$10M

Section iconFunding & Financials

  • $1.4M

    Penny Software has raised a total of $1.4M of funding over 1 rounds. Their latest funding round was raised on Sep 21, 2020 in the amount of $1.4Mas a seed.

  • $1M$10M

    Penny Software's revenue is estimated to be in the range of $1M$10M

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