Penny Software (penny.co), a leading procurement and spend-management AI company headquartered in Riyadh, Saudi Arabia, today announced the opening of its new UK office in Derby. This marks a significant step in its global expansion strategy.
Founded in 2020, Penny has quickly established itself as a premier B2B digital procurement solution. The company serves enterprises across more than 75 countries.
The platform digitizes and optimizes the full procurement lifecycle. It covers purchase requisitions, sourcing (RFQs, RFPs, supplier quotations), approvals, and purchase orders. It also manages invoicing, payments, and advanced spend analytics. Expanding to Serve the UK and European Market
The new UK office will serve as a regional hub. It will support growing demand from UK and European clients. The office will also accelerate local partnerships and enhance service delivery.
Businesses are seeking AI-powered procurement tools amid increasing regulatory and efficiency pressures. Penny’s UK presence allows closer collaboration and localized support.
Platform Capabilities
Key highlights of Penny’s platform include:
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AI-powered intelligence for optimized sourcing, automated savings detection, and effective tail spend management
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Modular and highly customizable design that adapts rapidly to unique enterprise requirements with minimal implementation time
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Real-time spend visibility and budget controls across departments, projects, locations, and teams
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End-to-end automation that removes reliance on spreadsheets and fragmented email processes, enabling faster cycles and fewer errors
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Global scalability, with billions in spend already tracked and proven performance in diverse markets
On the Expansion into the UK Market
“Opening our UK office is a natural and exciting progression as we continue to expand our footprint and bring Penny’s innovative procurement solutions to more mid-market and enterprise-level organizations worldwide,” said Henry Joseph-Grant, Head of Global Expansion at Penny.
“The UK market represents a key opportunity. It has a mature procurement landscape and a strong emphasis on digital transformation. Forward-thinking enterprises are looking to drive cost savings and compliance. This new presence will allow us to provide closer support, foster local collaborations, and help UK businesses unlock greater value from their procurement operations.”
Strengthening Partnerships and Customer Success
The new UK office will focus on customer success and strategic partnerships. It builds on Penny’s recent successes, including partnerships with KPMG, McKinsey, Voltalia, and MSC, to fuel further international growth.
Businesses in the region can benefit from localized expertise while accessing the same powerful, cloud-native platform trusted globally.
Penny’s intuitive interface drives high user adoption across procurement, finance, and departmental teams. Rapid deployment enables measurable ROI in weeks rather than months.
For more information, to request a free 30-day trial, or to schedule a personalized demo, visit https://penny.co or contact uk@penny.co.
About Penny Software
Penny Software is an AI-powered Source-to-Pay procurement platform that simplifies and digitizes the entire procurement cycle. Headquartered in Riyadh, Saudi Arabia, Penny empowers organizations worldwide to achieve superior spend control, operational efficiency, and strategic procurement value.
