Procurement & Sourcing Management Software.
penny is a cloud-based Procure-To-Pay system. penny helps you digitize and manage your full procurement cycle from request to approval. Manage RFQs, RFP, and RFIs to vendors, compare quotations, send POs, and even payment. penny was designed to make things easy and consolidate all of your organization’s spending needs into one intelligent system.
penny is a cloud-based Procure-To-Pay system. penny helps you digitize and manage your full procurement cycle from request to approval. Manage RFQs, RFP, and RFIs to vendors, compare quotations, send POs, and even payment. penny was designed to make things easy and consolidate all of your organization’s spending needs into one intelligent system.
Location: Saudi Arabia, Riyadh Region, Riyadh
Employees: 11-50
Total raised: $5M
Founded date: 2020
Founders name: Hemadri S.; Iyad Aldalooj
Investors 2
| Date | Name | Website |
| - | Shorooq In... | shorooq.co... |
| - | Class 5 | class5glob... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 17.01.2022 | Seed | $5M | - |
Persons 16
| Date | First Name | Last Name | Title | Location | |||
| - | Joshua | Dunning | Sales Deve... | linkedin.c... | - | j*********... | - |
| - | Arish | Jamal | Product Ma... | linkedin.c... | - | a*********... | - |
| - | Saud | Bubshait | - | linkedin.c... | - | s*********... | - |
| - | Nada | Babili | UI UX Desi... | linkedin.c... | - | n*********... | - |
| - | Arpit | Patidar | QA Enginee... | linkedin.c... | - | a*********... | - |
| - | Hemadri | S. | Co-Founder... | linkedin.c... | - | h*****i@pe... | - |
| - | Zainab | Al Kamal | Data Archi... | linkedin.c... | - | z*********... | - |
| - | Yasmeen | Zuhairi | Marketing ... | linkedin.c... | - | y*********... | - |
| - | Majid | Aldalooj | - | linkedin.c... | - | m***d@penn... | - |
| - | Abdulelah | Bin Mahfod... | Solutions ... | linkedin.c... | - | a*******h@... | - |
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Mentions in press and media 2
| Date | Title | Description |
| 19.04.2024 | MENA Digest: Penny Software, Fortis, U-topia raise funds; Beltone VC launches $30-mn fund | Premium Credit: 123RF.com Funding activity picked up in the Middle East and North Africa region this week after slowing down of action during the Ramadan month. Fundraising was led early-stage and growth-stage deals in Saudi Arabian and UAE... |
| - | Penny Software | Description Penny is a unique procurement platform that helps you digitize and manage your procurement cycle from end-to-end solutions like allocating, managing, and monitoring budgets by expense accounts, projects, departments, location, a... |