penny software,penny software revenue hit $1.3 million in 2023
penny software,penny software valuation more than $25 million
penny software,penny software team size is 25 employees
How did Latka collect this data?
Latka collected this data by interviewing penny software,penny software CEO IyadMohamad AldaloojIbrahim on 03/07/2022
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penny software,penny software
How penny software,penny software hit $1.3M Revenue with 70 customers in 2023.
Procure to Pay & Spend Management Software, , procurement software and B2B marketplace
2020
Founded
$1.3M
2022 Revenue
YOY
$6.3M
Funding
penny software,penny software Revenue
In 2022, penny software,penny software revenue run rate hit $1.3M in revenue.
2022
penny software,penny software hit $1.3M in revenue in 2022
2020
penny software,penny software launched in 2020 with $0 revenue
penny software,penny software Funding History
2022 Seed Round
penny software,penny software raised a Seed Round of $5M at a $25M valuation in January 2022
2020 Seed Round
penny software,penny software raised a Seed Round of $1.4M at a $5M valuation in September 2020
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| 01/16/2022 | Seed Round | $5M | $25M |
| 09/21/2020 | Seed Round | $1.4M | $5M |
Team
penny software,penny software has 25 total employees They have 70 customers an engineering team of 13
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 25 |
| Engineer | 13(52%) |
| Sales | 0(0%) |
| Marketing | 0(0%) |
CEO/Founder
IyadMohamad AldaloojIbrahim
CEO at Penny. penny is a cloud-based Procure-To-Pay system. penny helps you digitize and manage your full procurement cycle from request to approval. Manage RFQ/RFP, compare quotations, send POs and even payment. penny was designed to make things easy and consolidate all of your organization’s spending needs into one intelligent system.Distinguished engineer with a demonstrated history of driving technology transformation in high-scale and high-growth organizations.
Q&A
What`s your age?
32
Favorite online tool?
Jira
Favorite book?
Zero to One
Favorite CEO?
Elon Musk
Advice for 20 year old self
Start a company earlier
Customers
penny software,penny software has 70 customers.
Lifetime Months
-
x
Monthly ARPU
$1.7K
=
Lifetime Dollar
-
Acquisition Cost
-
Average Annual Price
$20K
Churn
penny software,penny software has an annual churn rate of 0.00%.
Gross Annual Dollar Churn
-0.00%
Annual Dollar Expansion
0.00%
Net Revenue Retention
0.00%
About penny software,penny software
Monthly Revenue
$108.3K
-
Total Expenses
$0.0
=
Net Income
$0.0
EBIDTA Margin
0.0%
+
YOY Growth
0.0%
=
Rule of 40
0
penny software,penny software Board of Directors
| Name | Position |
|---|
penny software,penny software Executives
| Name | Position |
|---|---|
| IyadMohamad AldaloojIbrahim | CEO |
penny software,penny software Employees
| Name | Position |
|---|---|
| IyadMohamad AldaloojIbrahim | CEO |
Frequently Asked Questions about penny software,penny software
When was penny software,penny software founded?
penny software,penny software was founded in 2020.
How much revenue does penny software,penny software generate?
penny software,penny software generates $1.3M in revenue.
Who is the CEO of penny software,penny software?
The CEO of penny software,penny software is IyadMohamad AldaloojIbrahim.
How much funding does penny software,penny software have?
penny software,penny software raised $6.3M.
How many employees does penny software,penny software have?
penny software,penny software has 25 employees.
Where is penny software,penny software headquarters?
penny software,penny software is headquartered in Saudi Arabia