Penny Software expands global presence with UK office

The new Derby location will act as a regional hub to support growing demand from UK and European clients, accelerating local partnerships and enhancing service delivery

Penny Software, the AI-driven digital procurement and spend-management platform, has officially opened a new UK office in Derby, marking a significant milestone in its global expansion.

Founded in 2020 and headquartered in Riyadh, Saudi Arabia, the company provides a B2B digital procurement solution that currently serves enterprises across more than 75 countries. The new Derby location will act as a regional hub to support growing demand from UK and European clients, accelerating local partnerships and enhancing service delivery.

While many international fintech and software companies default to London for their UK base, Penny Software took a different approach.

According to the company: We considered many UK cities for our new office and for most global companies London is the default option. However, we felt Derby was a much better choice given its central location, thriving technology ecosystems and highly skilled talent, which make it an excellent and highly strategic base for us.

From this new hub, the focus will be heavily on customer success and strategic partnerships. Penny Software already boasts collaborations with major players such as KPMG, McKinsey, and Voltalia, which it plans to build upon to fuel further international growth.

The expansion comes at a time when businesses are seeking AI-powered procurement tools to handle increasing economic, regulatory, and efficiency pressures. Penny’s cloud-native platform is designed to digitise and optimise the entire procurement lifecycle—from purchase requisitions and sourcing (including RFQs and RFPs) to invoicing, payments, and advanced spend analytics.

By integrating as a module alongside all major ERP and finance systems, the technology aims to replace clunky, expensive incumbent procurement systems entirely.

Henry Joseph-Grant, head of global expansion at Penny, commented on the strategic importance of the launch: 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.