Case Study: Pennylane simplifies bill payments and reconciliation with Swan

Pennylane saves entrepreneurs 10 hours a week with Swan

Pennylane, a financial management platform for entrepreneurs and accountants, faced the challenge of a broken user experience where users had to constantly switch between their accounting software and a separate banking app to manually pay bills, wasting valuable time. To solve this, they partnered with Swan and used its Banking-as-a-Service platform to build the Pennylane Wallet, an embedded digital wallet.

The solution from Swan centralized payments, allowing users to pay all their bills with one click and schedule deferred payments directly within the Pennylane platform. This eliminated the need for manual reconciliation, as transfers were automatically matched to invoices. The impact saved entrepreneurs significant time previously spent on manual financial administration and lightened the mental load for both business leaders and their accountants. Swan's regulated infrastructure ensured all funds were secure.

Pennylane