Equity Story

Strong solution: Penneo is a well-established ARR-driven software-as-a-service (SaaS) company delivering secure, customer-friendly, and highly stackable solutions in the rapidly growing market for digital signing, document workflow and compliance solutions such as our KYC-product helping companies comply with Anti Money Laundering (AML) legislation. These products support Penneo’s growth and international expansion.

Proven business model: The combination of a strong subscription-based model with growing ARR from both existing and new customers, low yearly churn, relatively high contribution margin, and attractive possibilities in both existing markets and in entering new foreign markets is a strong foundation for our expansion strategy. This entails attractive growth opportunities as our business model is highly scalable, operating in high growth markets driven by both digitalization, increased regulatory demands (eg. compliance management, and prevention of money laundering) and sustainability.

Market leader and preferred partner: Since Penneo was established in Denmark in 2014, we have evolved into an eco-system of automation solutions, with more than 2.000 customers across 6 countries. Acting in a competitive market, Penneo has found its space as a preferred partner for many of the international top-tier customers within audit & accounting as well as AML-governed industries such as the finance industry.

Penneo has the ambition to become the market leader and preferred partner for the audit and accounting industry in Europe – a position that further strengthens our distribution capabilities and thus our international growth strategy. Via this market entry, Penneo’s Sign and KYC products are naturally expanded through network effects.