Insights

Growing Market Presence Penny Software has demonstrated rapid expansion through strategic partnerships with notable organizations like the National Housing Company and KPMG, indicating strong industry trust and opportunities for upselling advanced procurement modules to existing partners or new enterprise clients.

Recent Funding Momentum With over 1.4 million dollars in recent funding from prominent investors such as Iliad Partners and Hambro Perks, Penny is positioned for further development and market penetration, making it a prime target for sales of complementary add-on solutions or consulting services.

Innovation Focus The launch of Penny’s Local Content Tracker highlights a commitment to local content compliance and digital transformation, suggesting upsell opportunities around reporting, analytics, and compliance management tools tailored for regional mandates.

Tech-Driven Platform Utilizing modern web technologies like Webpack, Oracle, and PHP, Penny’s platform is built for scalability and integration, opening doors for enterprise-level integrations, custom modules, and technology partnership sales with larger organizations.

Targeted Industry Solutions Penny's focus on sectors like housing and procurement suggests a potential for extending into related verticals such as construction, manufacturing, and government, where digital procurement solutions can significantly enhance operational efficiency and transparency.

penny. Tech Stack

penny. uses 8 technology products and services including Webpack, Oracle, JSON-LD, and more. Explore penny.'s tech stack below.

  • Webpack
    Development
  • Oracle
    Enterprise
  • JSON-LD
    Javascript Frameworks
  • jQuery
    Javascript Libraries
  • PHP
    Programming Languages
  • HSTS
    Security
  • Google Analytics
    Web Analytics
  • Apache HTTP Server
    Web Servers

Media & News

penny.'s Email Address Formats

penny. uses at least 1 format(s):
penny. Email FormatsExamplePercentage
First.Last@penny.coJohn.Doe@penny.co
33%
First@penny.coJohn@penny.co
17%
First.Last@penny.coJohn.Doe@penny.co
33%
First@penny.coJohn@penny.co
17%

Frequently Asked Questions

Where is penny.'s headquarters located?

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penny.'s main headquarters is located at Riyadh Saudi Arabia. The company has employees across 5 continents, including AsiaAfricaEurope.

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.

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 February 2026, penny. has approximately 60 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.'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 WebpackOracleJSON-LDjQueryPHPHSTSGoogle AnalyticsApache HTTP Server.

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.

How much funding has penny. raised to date?

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As of February 2026, penny. has raised $1.4M in funding. The last funding round occurred on Sep 21, 2020 for $1.4M.

When was penny. founded?

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penny. was founded in 2020.

penny.

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

Section iconFunding & Financials

  • $1.4M

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

Section iconFunding & Financials

  • $1.4M

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

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