- Funding stage
- —
- Raised
- $1.4M Disclosed · not verified
- People
- 3
- Founded
- —
Software & IT Services
Key facts
| Fact | Confidence | Evidence |
|---|---|---|
| HeadquartersEgypt | 1 source | |
| Fundraising statusunknown | no source |
Startup details
Penny is an AI-driven source-to-pay platform that enables enterprises to manage the entire procurement cycle from sourcing and quotation management to purchase approval, order issuance, and invoice processing. The platform offers core sourcing features including RFQs, purchase requests, purchase orders, supplier portal management, billing, payments, budget management, and spend insights. It operates in more than 75 countries and is designed for modern enterprises to streamline complex procurement processes with AI-powered automation.
Funding
Disclosed equity raised$1.4MDisclosed · not verified
| Round | Date | Amount | Confidence |
|---|---|---|---|
| Seed | Sep 21, 2020 | $1.4M | no source |
- Sep 21, 2020Seed$1.4M
Team
MA
Majid AldaloojFounder
Co-Founder
Co-founderIY
Iyad AldaloojFounder
Co-Founder
Co-founder & CEOMO
Mohammed IbrahimFounder
Co-Founder
Co-founderRelationships
Founders & leadership
- Majid AldaloojCo-Founder
- Iyad AldaloojCo-Founder
- Mohammed IbrahimCo-Founder
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Sources
Company updates
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