The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Professional Services 69 - Legal and accounting activities 69.2 - Accounting, bookkeeping and auditing activities; tax consultancy 69.20 - Accounting, bookkeeping and auditing activities; tax consultancy
100 jobs Number of planned job creations
Announcement Date
18 November 2025
Employment effect (start)
1 January 2026
Foreseen end date
31 December 2026
Description
As announced on 18 November 2025, the French FinTech company Pennylane plans to enter the German market and create over 100 jobs in 2026. The Munich location is expected to play a key role in market expansion.
Pennylane offers an AI-powered platform for financial management and accounting and was founded in Paris in 2020. The company’s goal is to further digitise collaboration between accounting firms and SMEs, making processes usable in real time, without separate tools or redundant data exports.
The company employs 900 people and already serves 600,000 SMEs and 6,000 accounting firms in France.
Eurofound (2025), Pennylane, Business expansion in Germany, factsheet number 203714, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203714.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
