Procurement SoftwareSaudi ArabiaFounded 2020CEO Iyad Aldalooj
Penny Software is a procurement software and B2B marketplace platform built for medium to large enterprises.
Penny Software's last reported revenue was $48K in 2021 (Mohammed Ibrahim on camera). GetLatka estimates it at about $2.8M a year (October 2024). Penny Software is #804 on the Latka Top. The Latka Top ranks the 1,372 companies Nathan Latka has interviewed by revenue.
| As of | Revenue | Source |
|---|---|---|
| 2021 | $48K | Calculated from what Mohammed Ibrahim saidWatch at 12:14 |
| Jan 2022 | $1.3M | – |
| Oct 2024 | $2.8MEST. | GetLatka estimate |
– source not recorded
Penny Software is privately held, so there is no Penny Software stock to buy. Investors valued it at $25M in its January 2022 funding round.
Valuation history$25M 2022$5M Seed 2020
Penny Software has raised $6.4M across two rounds since 2020. The latest was a $5M funding round in January 2022.
| Date | Round | Raised | Valuation | Source |
|---|---|---|---|---|
| Jan 2022 | Funding round | $5M | $25M | Mohammed Ibrahim on cameraWatch at 12:32 |
| Sep 2020 | Seed | $1.4M | $5M | – |
| Total raised | $6.4M |
Nathan Latka has interviewed Penny Software once, speaking with Mohammed Ibrahim. Each figure links to the second it was said.
Watch: How Penny Software Reached $5M in Fresh Capital and Tens of Paying Customers in Procurement SaaS (Interview with CTO Mohammed Ibrahim)March 2022 · Mohammed Ibrahim, Co-Founder and CTO
Growth tactics they described: Cold OutreachWatch at 18:46
Iyad Aldalooj founded Penny Software in 2020 with Mohammed Ibrahim and runs it as CEO. Penny Software had 25 employees (October 2024, LinkedIn).
| As of | Employees | Source |
|---|---|---|
| Oct 2024 | 25 | |
| Mar 2022 | 25 | Mohammed Ibrahim on cameraWatch at 17:30 |
| Sep 2020 | 20 | – |
GetLatka estimates Penny Software's revenue at about $2.8M a year (October 2024). The last reported figure was $48K in 2021, as Mohammed Ibrahim said on camera.
Investors valued Penny Software at $25M in its January 2022 funding round, as Mohammed Ibrahim said on camera.
Penny Software has raised $6.4M across two funding rounds. The latest was a $5M funding round in January 2022.
No. Penny Software is a private company, so its shares aren't traded on a stock exchange.
Penny Software had 25 employees in October 2024, according to LinkedIn.
Iyad Aldalooj is the CEO of Penny Software and co-founded the company in 2020.
Mohammed Ibrahim and Iyad Aldalooj founded Penny Software in 2020.
7 said on camera · 1 from public sources · 1 estimate. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice. The Latka Top ranks the private, operating companies Nathan Latka has interviewed by the latest revenue figure on each profile, reported or estimated; equal figures share a rank.
Updated Oct 3, 2026Data disclaimerReport a correctionClaim this profile
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