Penneo is a well-established ARR-driven SaaS company delivering secure and customer-friendly solutions in the rapidly growing market for digital signing, document workflow and compliance solutions such as our KYC-product that helps companies comply with Anti Money Laundering (AML) legislation. These products support Penneo’s growth and international expansion.
Proven business model
Penneo has a proven strong subscription-based business model with growing ARR from both existing and new customers, low yearly churn, relatively high contribution margin, and attractive possibilities in both existing and new markets. This translates into attractive growth opportunities since our business model is scalable and we operate in high growth markets driven by digitalization, increased regulatory demands 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 +2.500 customers across 6 countries. Acting in a competitive market, we have become a preferred partner for many international top-tier customers within audit & accounting as well as AML-governed industries such as the finance industry.
Penneo’s ambition is to become the market leader and preferred partner for the audit and accounting vertical in Europe. This position strengthens our distribution capabilities and ability to realize further growth since it provides a platform to expand to other industries via network effects.