Pennylane and Defacto integrate funding with billing tools

FinTech specialist in accounting Pennylane and the French Fintech specialized in the financing of professionals Defacto They have recently officially announced their new rapprochement in favour of launching a new financing solution for SMEs. Their goal is to facilitate instant payments of their target invoices, directly integrating their solution into their electronic billing tool.

FACTS

• Defacto and Pennylane will now offer FinTech customers an integrated financing solution directly within their electronic billing tool.

• For SME clients, this new offer will allow them to cash their invoices directly after their issue, almost instantly.

• This solution is presented as ultra-simplified and promotes short-term financing for SMEs. It comes in addition to the cash advance already proposed by Pennylane.

• The two partners point out that in 2024, Defacto financed more than 30 million euros for Pennylane customers with a Pro Account.

• Their new instant financing solution relies on Open Banking and the integration of financial services within PDPs to make access to financing ever simpler and automated.

ISSUES

• Simplifying Cash Management: The first promise brought forward by the new offer by Defacto and Pennylane obviously concerns the simplification of cash management for beneficiary clients. Their common solution is to respond to a real need and problem. According to a survey carried out last September by the Coface (French insurance company for foreign trade) on payment behaviour in France, 85% of companies report payment delays longer than maturity. The situation of late payments deteriorated in 2023, particularly affecting SMEs and TPEs, with medium delays which continue to affect their cash flow and competitiveness, according to the annual report 2023 of the Observatory of Payment Time Limits.

• Valorizing its registration and new legislation : Pennylane recalls that she was registered as a Partner Dematerialization Platform (PDP) last September. However, this registration represents a consecration for its activities, while the obligations for e-invoking and e-reporting will be phased in from September 2026; All companies will then be obliged to accept electronic invoices.

• To stand out : These new obligations obviously involve many market players. Pennylane is not the only one in his sector to have obtained his registration. Most recently, these are also Doxallia and Kolecto which were registered For example. With Defacto, Pennylane offers a service with real added value in addition to its obligations.

PERSPECTIVE

• Altares is a firm specialized in the analysis, structuring and enrichment of BtoB data. Among other things, it aims to help companies better understand and manage their financial, compliance and societal (SSR) risks. Altares also publishes studies on business failures in France and internationally.

• Indeed, in its latest published study On October 15, 2024, Altares noted that the number of business failures reached a record high at the end of September 2024. Over 12 slippery months, 66,000 companies went bankrupt. 90% were SMEs.

• This situation is directly linked to a context of increasing social, political and geopolitical risks, including the increase in payment deadlines in France.

• The solutions aimed at providing financial assistance to SMEs in difficulty, like the one presented today by Pennylane and Defacto, are therefore particularly welcome in the current market.

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