Penneo | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

Penneo is a software company based in Copenhagen, Denmark, offering a signing and KYC workflow platform for anti-money-laundering...


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Penneo is a software company based in Copenhagen, Denmark, offering a signing and KYC workflow platform for anti-money-laundering regulated B2B companies. Their platform enables companies to optimize and automate critical business processes throughout the client lifecycle, from onboarding to document signing and risk assessment. Penneo is trusted by thousands of companies, including leading auditors, and is focused on saving time on administrative tasks while ensuring regulatory compliance and peace of mind for clients.

Website
Headquarters
Kรธbenhavn V, Capital Region of Denmark
Size
51-200 employees
Industry
Software Development
Specialities
Electronic Signature, eID, Digital Signature SaaS, Electronic Signature Solutions, Online Digital Signature Service, KYC, AML compliance, Client onboarding

๐Ÿ›๏ธ Penneo Product and Pricing News โ†’

๐Ÿ‘” Penneo CEO, Management and Leadership Team โ†’

โš”๏ธ Penneo Alternatives and Competitors โ†’

๐Ÿ’ผ Penneo Hiring and Layoffs โ†’

๐Ÿค– Penneo Developer, Integration and Automation News โ†’

๐Ÿ“ˆ Penneo Financials, Fundraising and Valuation News โ†’

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๐Ÿ›๏ธ Penneo Product and Pricing News

  • Penneo is poised to expand in the rapidly growing compliance market, focusing on KYC and anti-money laundering solutions, according to CEO Christian Stendevad.
  • Penneo announced a new integration with Tripletex AS to streamline KYC processes by automatically syncing new customers.
  • Penneo now offers AdES with national eIDs in the Nordics and SES or AdES for continuous client monitoring as part of Penneo KYC at no extra cost.
  • Penneo has launched a new podcast featuring an AI-driven research assistant to explore their electronic signing and KYC/AML solutions.
  • Starting October, Penneo's accountants previously affiliated with BIBF will be eligible for ITAA quality assessment.

  • Christian Stendevad, CEO of Penneo, participated in a panel discussion at the Nordic IPO + Stock Market Day in Denmark.
  • Penneo has updated its partner form to require the partner's name instead of their email.
  • Christian Stendevad, CEO of Penneo A/S, will be speaking at the Nordic IPO + Stock Market Day on September 10, 2024.

๐Ÿ‘” Penneo CEO, Management and Leadership Team


โš”๏ธ Penneo Alternatives and Competitors

Monitor your competitors, clients, accounts, partners etc. with RivalSense AI


๐Ÿ’ผ Penneo Hiring and Layoffs

  • Penneo's Chief Commercial Officer & Co-founder steps down to pursue new opportunities.
  • A co-founder of Penneo has stepped down.
  • Andrรฉ Clement, Chief Commercial Officer and co-founder of Penneo, is stepping down to pursue new opportunities in the startup environment.
  • Anders Nordstokke Rรธnning has left Penneo as Director of Sales Norway to join Visena AS as Head of Marketing & Sales in Norway.
  • Alex Grigorian has joined Penneo as an SDR in Denmark, previously working as a Salesperson at WOC a World of Comfort.

  • Mathias Lundhus has joined Penneo as Inbound Sales Manager.
  • Ida Schultz has been promoted to Customer Success Manager at Penneo.
  • Kasper Grรธnning Hรธg has left Penneo as a Senior Technical Specialist to join twoday as a Consultant in Denmark.

๐Ÿค– Penneo Developer, Integration and Automation News

  • Penneo is listed as a key client of 1902 Software Development Corporation, which has an overall rating of 5 stars.
  • Accountantsbureel Manacc integrated Penneo to streamline their signing process, reducing physical meetings and calls, and improving efficiency and compliance.
  • Katrien Naert, IT Manager at Titeca Pro Accountants & Experts, stated that they chose Penneo over other vendors due to smooth collaboration and consultation.


๐Ÿ“ˆ Penneo Financials, Fundraising and Valuation News

  • On 28 August 2024, Penneo announced its H1 2024 financial results and maintained its 2024 guidance.
  • Penneo projects its 2024 EBITDA to be between DKK 5 million and DKK 10 million, with an ARR growth rate of 18-25%.
  • Penneo reported customer growth in international markets, turning operations to a modest profit in Q2 2024.
  • Penneo achieved a 21% year-on-year ARR growth in H1-2024, with ARR from foreign markets growing by 35% to 29.8M DKK and EBITDA improving to negative 2.2M DKK from negative 10.3M DKK in H1-2023.


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