Penny Software (penny.co), a leading procurement and spend-management AI company headquartered in Riyadh, Saudi Arabia, today announced the opening of its new UK office in Derby, marking a significant step in its global expansion strategy.
Founded in 2020, Penny has quickly established itself as a premier B2B digital procurement solution, serving enterprises across more than 75 countries.
The platform digitises and optimises the full procurement lifecycle, from purchase requisitions, sourcing (RFQs, RFPs, supplier quotations), approvals, and purchase orders to invoicing, payments, and advanced spend analytics.
The new UK office will serve as a regional hub to support growing demand from UK and European clients, accelerate local partnerships, and enhance service delivery for businesses seeking AI-powered procurement tools amid increasing regulatory and efficiency pressures.
Key highlights of Penny’s platform include:
- AI-powered intelligence for optimised sourcing, automated savings detection, and effective tail spend management
- Modular and highly customizable design that adapts rapidly to unique enterprise requirements with minimal implementation time
- Real-time spend visibility and budget controls spanning departments, projects, locations, and teams
- End-to-end automation that eliminates reliance on spreadsheets and fragmented email processes, enabling faster cycles and fewer errors
- Global scalability, with billions in spend already tracked and proven performance in diverse markets
“Opening our UK office is a natural and exciting progression as we continue to expand our footprint and scale Penny’s innovative procurement solutions to more mid-market and enterprise level organisations worldwide,” said Henry Joseph-Grant, Head of Global Expansion at Penny.
“The UK market represents a key opportunity with its mature procurement landscape, strong emphasis on digital transformation, and forward-thinking enterprises looking to drive cost savings and compliance. This new presence will allow us to provide closer support, foster local collaborations, and help UK businesses unlock greater value from their procurement operations.”
The new UK office will focus on customer success and strategic partnerships, building on Penny’s recent successes (including partnerships with the likes of KPMG, McKinsey, Voltalia, MSC and many others) to fuel further international growth.
Companies in Europe can now benefit from localised compliance and expertise while accessing the same powerful, cloud-native platform trusted globally.
Penny’s intuitive platform drives high user adoption across procurement, finance, departmental teams, with rapid deployment and is supplier friendly, enabling measurable ROI in weeks rather than months. It’s easy to integrate as a module with major ERP and finance systems and also can replace clunky, expensive, incumbent procurement technology entirely.
For more information, to request a free 30-day trial, or to schedule a personalised demo, visit https://penny.co
