Where is Penny located?

Penny is headquartered in Ipswich, United Kingdom.

How many employees does Penny have?

As of Jul 31, 2026, the latest employee count at Penny is 17.

Where does Penny rank among its competitors?

Penny ranks 73rd amongst 116 active competitors, of which 22 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Twinco Capital, which secured $17.5M in Jun, 2026.

Who are the top competitors of Penny?

Penny's top competitors include Twinco Capital, Billie and FinAGG. Among them, Twinco Capital secured the most recent funding round in June, 2026.

Penny - 2026 Company Profile, Team & Competitors

Company Details

Provider of selective invoice finance solutions for businesses and sole traders. The company offers options for businesses to improve cash flow by financing individual invoices. It provides funding against unpaid invoices, offering flexibility without requiring long-term contracts. The business offers confidential invoice discounting, ensuring customer awareness is optional.

Website: www.pennyfreedom.co.uk/
Social
Email ID: *****@pennyfreedom.co.uk
Phone Number: +44 **********

Key Metrics

Founded Year

2019

Location

Ipswich, United Kingdom

Stage

Unfunded

Ranked

73^rd among 116 active competitors

Employee Count

17 as on Jul 31, 2026

Similar Companies

Twinco Capital & 144 more

View Penny's full profile

Penny has not raised any funding rounds yet.

The founders of Penny is Colin Gunnell. Mark Tuvey is the CEO of Penny.

Here are the details of Penny's key team members:

Colin Gunnell: Former Co-Founder of Penny.
Mark Tuvey: CEO of Penny.

View details of Penny's Founder profiles and Board Members

Penny's employee count trend

Penny has 17 employees as of Jul 26. Here is Penny's employee count trend over the years:

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Top competitors of Penny include Twinco Capital, Billie and FinAGG. Here is the list of Top 10 competitors of Penny, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Twinco Capital 2016, Alcobendas (Spain), Series B	Provider of supply chain finance solutions including purchase order funding	$36M	Mundi Ventures, Quona & 9 others	57/100
2nd	Billie 2017, Berlin (Germany), Series C	Online marketplace for invoice factoring	$149M	Dawn Capital, Creandum & 21 others	57/100
3rd	FinAGG 2020, Noida (India), Series A	Provider of invoice-based financing solutions for micro, small, and medium enterprises	$15.3M	BlueOrchard, BLinC Invest & 6 others	55/100
4th	Tradeshift 2010, San Francisco (United States), Series G	Provider of cloud platform for e-invoicing, AP automation, and global compliance	$1.24B	Notion, Goldman Sachs & 36 others	55/100
5th	FundThrough 2014, Toronto (Canada), Series B	Online platform for invoice financing focused on small businesses	$90.5M	ScaleUP Ventures, Real Ventures & 10 others	55/100
6th	Comfi 2023, Dubai (United Arab Emirates), Seed	Provider of invoice discounting and buy now pay later services	$65M	Iliad Partners, 500 Global & 4 others	53/100
7th	Storfund 2018, London (United Kingdom), Series D	Currency exchange firm	$425M	Fasanara, PHANAR & 7 others	51/100
8th	CapitalXB Finance 2023, Mumbai (India), Seed	Provider of supply chain finance and business loans for small and medium enterprises	$20M	Compagnie De Developpement De Leau & 1 others	49/100
9th	NOW Corp 2010, Atlanta (United States), Series A	Online platform for invoice financing	$11.5M	Virgo, Brigade Capital Management & 1 others	47/100
10th	TradeCred 2018, Mumbai (India), Seed	Platform offering financial solutions	$140K	Infimomentum Ventures & 29 others	43/100
73rd	Penny 2019, Ipswich (United Kingdom), Unfunded	Provider of selective invoice finance solutions for businesses and sole traders	-	-	22/100