Penny. Software raises $1.35 million Seed with participation from Wamda


Saudi Arabia-based Penny Software has raised $1.35 million in a Seed investment round from Wamda, Class 5 Global, Outliers VC, Plug and Play and strategic angel investors.

Founded in 2020 by Iyad Aldalooj, Majid Aldalooj, and Mohammed Ibrahim, Penny is a software-as-a-service (SaaS) procurement management company and a B2B marketplace that provides a procure-to-pay solution. It helps companies of all sizes manage their procurement and spending activities. The Penny software team currently operates out of Saudi Arabia, the UAE and India.

Read more>>

Contact our press team

Procurement made simple. See and action exactly what you need to. All in one place. Software that works and makes the tedious easy. No power users required.


This site uses cookies to offer you a better browsing experience. Find out more on how we use cookies and how you can change your settings.