Penneo signs KYC deal with PwC Denmark

Company Announcement No. 16-2022
Copenhagen, 19 May 2022

Penneo announces the deal to expand the cooperation and onboard PwC Denmark to Penneo’s KYC software. 

The expanded cooperation is of strategic importance and demonstrates execution of a keystone in Penneo’s strategy and primary investment streams; to upsell Penneo KYC to auditors across existing and new markets. The strategic focus was announced in the outlook section of Penneo’s 2021 annual report.

The deal does not change Penneo’s ARR guidance for 2022 which continues to be 77-82m DKK (company announcement no. 5-2022).

CEO, Christian Stendevad comments: “We are pleased to expand the agreement and sign a KYC contract with PwC. We look forward to helping them automate their KYC processes and contribute to providing the highest compliance standards.”

Partner and Territory COO of PwC, Brian Staalkjær comments:”We have chosen to expand the cooperation with Penneo, as PwC is intensifying the use of technology to automate parts of our compliance process which remain a core part of our business and an area that we continue to invest significantly in.”

PwC is present in 156 countries and employs more than 300,000 people globally and 2,500 at 16 offices across Denmark. PwC Denmark is an existing Penneo Sign customer.