Full-Time
Junior Internal Control and Risk Officer
Posted on 7/23/2025
Pennylane
1,001-5,000 employees
Real-time accounting platform for SMBs
No salary listed
Paris, France
Hybrid
Hybrid role, requiring some in-office presence.
 Consulting (1) |
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- minimum two to three years of experience in internal control or internal audit, preferably in a regulated entity
- solid knowledge in risk management: mastery of identification, assessment, mitigation, and monitoring of risks in a regulated and constantly evolving environment
- proficiency in deploying controls: experience in designing, implementing, and evaluating control systems, with solid practice in sampling methodologies and audit trail archiving
- strong analytical and problem-solving skills: ability to process complex data, identify trends, and formulate relevant recommendations to address risk and compliance issues
- interpersonal skills: excellent verbal and written communication skills
- ability to work in a stimulating and changing environment: comfortable in multidimensional environments, fostering a culture of adaptability and awareness of organizational risks
- critical thinking: ability to think critically and strategically when assessing risk scenarios and developing appropriate risk management strategies
- autonomous, organized, and rigorous, with a keen attention to detail while maintaining an excellent synthesis spirit
- comfortable collaborating with multiple stakeholders beyond the Legal and Compliance team, including external stakeholders
- excellent oral and written communication in French and English
- advanced proficiency in Google Workspace and Microsoft Office (Excel, PPT, etc.), Slack, and ideally Notion
- knowledge of SQL is a plus
- identify risks related to our activity: improve and update the risk identification system in collaboration with risk owners from all teams
- implement the permanent control system: update and deploy the first and second level control matrix, and deploy high-value controls for teams while considering operational constraints, define relevant recommendations and monitor their implementation, improve internal procedures to enhance the overall effectiveness of the system
- pilot periodic control activities: contribute to the definition and deployment of the three-year audit plan, supervise audit missions and follow up on recommendations
- ensure regulatory compliance in the context of our PSIC activity: contribute to exchanges with the regulator (ACPR), contribute to the formalization of internal and regulatory reporting, including drafting the Annual Report on Internal Control (RACI)
- participate in internal control governance: formalize and present reports to management and the Supervisory Board, participate in the quarterly risk follow-up meeting
- promote a risk culture within the company: support teams in implementing structured controls, raise awareness of risk culture and its integration into daily activities
- experience in startup/scale-up in the fintech sector is a plus
Pennylane is a financial and accounting platform for SMBs and their accountants that centralizes all financial data in real time. It lets managers manage invoicing, payments, cash flow, and reporting while giving accountants a single production tool. The service is subscription-based and designed to be used by both the company and its external accountant, with real-time visibility and a single source of truth. It targets France and Europe, offering features like sales/purchase management, cash flow forecasting, dashboards, and is a certified Partner Dematerialization Platform (PDP) for upcoming e-invoicing rules.
Company Size
1,001-5,000
Company Stage
Series E
Total Funding
$443.9M
Headquarters
Paris, France
Founded
2020
Simplify's Take
What believers are saying
- Serves 6,000 accounting firms and 800,000 companies with 1,000 employees.
- $200M funding from TCV and Sequoia accelerates AI and European expansion.
- Billy acquisition integrates Chargebee, HubSpot, and Salesforce ecosystems.
What critics are saying
- Xero captures 20% more French SMEs via multi-language marketing in 6-12 months.
- QuickBooks undercuts subscriptions, causing 15-25% freelancer churn in 12-18 months.
- DATEV blocks Germany integrations, delaying profitability by 18 months.
What makes Pennylane unique
- Pennylane centralizes financial data for SMBs and accountants in real-time collaboration.
- Certified PDP ensures French e-invoicing compliance by September 2026.
- AI automates accounting unlike Xero and QuickBooks' global focus.
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Benefits
Remote Work Options
Company Equity
Home Office Stipend
Wellness Program
Paid Vacation
Health Insurance
Lunch Credits
Flexible Work Hours
Gym Membership
401(k) Company Match
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -2%The funding round values Pennylane at $4.25bn, according to a report.
Pennylane, a French accounting software startup, has raised $200 million in a funding round led by TCV, with participation from Blackstone Growth and existing investors Sequoia, DST, CapitalG and Meritech. Founded in 2020 by Arthur Waller, Pennylane offers an all-in-one platform combining accounting production, financial management and payments, designed for seamless collaboration between accountants and their clients. The company differentiates itself from competitors like Xero and QuickBooks through its European regulatory focus and partnership approach with accounting firms. The platform features AI-driven automation, real-time financial insights and integrated payment tools. Pennylane now supports 6,000 accounting firms and 800,000 companies, employing 1,000 people. The funding will accelerate AI development and European expansion as the company approaches profitability.
French company Pennylane is negotiating a fresh investment of around $200 million at a $4.25 billion valuation.
Pennylane, a French fintech, has secured a €75 million funding round, doubling its valuation to €2 billion. The company plans to leverage new invoicing regulations and AI to expand, focusing on France before targeting continental Europe. With 4,500 accounting firms and 350,000 SMEs as clients, Pennylane aims to capitalize on France's mandatory e-invoicing reform by 2026. CEO Arthur Waller projects $100 million ARR this year, emphasizing AI's role in enhancing accountant services.
French startups raised €163 million this week, with AI-focused companies securing €119 million. Notable funding includes Pennylane, which raised €75 million, Roof with €20 million, and Qevlar AI with €9.3 million. Other startups like PyannoteAI, Parallel, Ed AI, and Feedae also contributed to the total.