Pennylane vs Rillet
Pennylane
Freelancers and very small businesses, SMEs and mid-sized companies, and accounting firms
2020; Paris, France
Rillet
Technology and AI companies, expanding into biotech, healthcare, fintech, logistics and professional services; mid-market, enterprise and public companies
Launched August 2024; New York, with a Spanish entity in Barcelona
Pennylane and Rillet both sell accounting software built around the general ledger, for different kinds of company.
Pennylane, founded in Paris in 2020, serves freelancers, SMEs, mid-sized companies and 6,500+ accounting firms in France and Germany; Rillet, based in New York, is an AI-native ERP for technology and AI companies, with 600+ customers, including public companies.
Pennylane vs Rillet: side by side
“Not published” means the vendor does not state it.
| Pennylane | Rillet | |
|---|---|---|
| What it does | All-in-one financial management and accounting: e-invoicing, invoicing, purchases, real-time cash tracking, full accounting and a business account and card | AI-native ERP: real-time general ledger with continuous close, ASC 606 revenue recognition, multi-entity consolidation and AI agents (Aura) |
| Best for | Freelancers and very small businesses, SMEs and mid-sized companies, and accounting firms | Technology and AI companies, expanding into biotech, healthcare, fintech, logistics and professional services; mid-market, enterprise and public companies |
| Founded and HQ | 2020; Paris, France | Launched August 2024; New York, with a Spanish entity in Barcelona |
| Ownership and funding | Founders hold the majority of voting rights; nine venture capital funds invest; €359m raised in six rounds, the latest €175m in January 2026 | Venture-backed; US$100m Series C (Aug 2026) led by ICONIQ at a US$1bn valuation, with Sequoia and Andreessen Horowitz; more than US$200m raised in total |
| Customers or users | 1.5 million+ business owners, freelancers and finance directors; 6,500+ accounting firms; customers include Yuka and happn | 600+ customers, including public companies with over US$2bn in revenue; Mercor, Function Health and Temporal named |
| Pricing | France, one user, excluding VAT: Free €0, Starter €7, Basique €14, Essentiel €24 a month | Not published |
| Deployment and markets | Cloud software with a mobile app, data hosted in the EU; sold in France and Germany, with a Spanish company being set up | Cloud; US, with a Spanish entity (Rillet España) in Barcelona; partners include EY, KPMG and RSM |
Main differences
Pennylane has 1.5 million+ business owners, freelancers and finance directors and 6,500+ accounting firms; Rillet has 600+ customers, including public companies with over US$2bn in revenue.
Pennylane covers e-invoicing, invoicing, purchases, cash tracking, accounting and a business account and card; Rillet covers a real-time ledger with continuous close, ASC 606 revenue recognition and multi-entity consolidation.
Pennylane sells in France and Germany and hosts data in the EU; Rillet is US-based, with a Spanish entity in Barcelona.
Pennylane publishes French plans from free to €24 a month for one user; Rillet does not publish pricing.
Pennylane has raised €359m in six rounds, the latest €175m in January 2026; Rillet has raised more than US$200m, including a US$100m Series C in August 2026.
Which to choose
Choose Pennylane if
- You are a small or mid-sized business in France or Germany, or an accounting firm with clients there
Choose Rillet if
- You are a US technology company with several entities and need ASC 606 revenue recognition
Compare further
Common questions
What is the difference between Pennylane and Rillet?+
Pennylane is all-in-one financial management and accounting for freelancers, SMEs, mid-sized companies and accounting firms: e-invoicing, invoicing, purchases, real-time cash tracking, full accounting and a business account and card. Rillet is an AI-native ERP with a real-time general ledger, continuous close, ASC 606 revenue recognition and multi-entity consolidation, for technology and AI companies.
Where are Pennylane and Rillet available?+
Pennylane is sold in France and Germany, with a Spanish company being set up, and hosts its data in the EU. Rillet is US-based, with a Spanish entity in Barcelona.
How much do Pennylane and Rillet cost?+
Pennylane's French plans for one user, excluding VAT, are Free (€0), Starter (€7), Basique (€14) and Essentiel (€24) a month. Rillet gives pricing on request.
Part of Accountio’s accounting technology coverage.
