Penneo News | Sep 04, 2024
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...
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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.
- 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.
- 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 will participate in Overskudd 2024 on September 10-11 in Norway to discuss trends in accounting, finance, and compliance.
- 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.
- Penneo will participate in the first francophone edition of Silverfin's Fast Forward event on 28 November 2024 at Aula Magna, Louvain-la-Neuve.
- Accountantsbureel Manacc integrated Penneo to streamline their signing process, reducing physical meetings and calls, and improving efficiency and compliance.
- Casper Nielsen Christiansen, CFO of Penneo, will pitch the company at the Vækstbørs-pitch-event in Århus 2024 in collaboration with Danish Business Angels, The Association of Listed Danish Growth Companies, and Deloitte.
- Penneo has completely revamped its website to improve user experience and focus on key features.
- Katrien Naert, IT Manager at Titeca Pro Accountants & Experts, stated that they chose Penneo over other vendors due to smooth collaboration and consultation.
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