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penny.

penny.

AI-enabled sourcing and supplier discovery platform for RFx automation, supplier risk monitoring, and intake management.

Workflow
Sourcing & Supplier Discovery
AI role
Semi-automated
Headquarters
Saudi Arabia

Overview

Public profile summary for buyer research and vendor discovery.

AI-Powered Procurement Penny is a cloud-based Source-To-Pay solution. It is a modular system that is quick to implement and easy to use. Penny helps you digitize and manage your entire procurement cycle from Purchase Requisitions, Approvals, RFQs, RFP, RFIs, quotations/proposals gathering compari…

Headquarters
Saudi Arabia
Market coverage
Middle East
Coverage note
Explicit: LinkedIn identifies penny as a Riyadh-based procurement platform covering the full procurement lifecycle from request to payment.
Founded year
2020
Data last verified
2026-08-07

Classification

This classification helps buyers understand where the company appears to fit within the AI procurement technology market. It is not a ranking or endorsement.

Buyer Verification Guide

Use these neutral checkpoints when evaluating whether this company fits a specific procurement technology shortlist.

  • Confirm the product scope for Sourcing & Supplier Discovery workflows.
  • Verify fit for RFx Automation, Supplier Risk Monitoring, and Intake Management.
  • Validate the practical AI scope behind the semi-automated AI role label.
  • Check support coverage for Middle East.

Related Companies

Related companies are selected based on workflow category, use case overlap, and procurement relevance signals. They are not ranked recommendations or direct alternatives.

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Proacure
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Proacure provides AI procurement analytics and visibility services, including spend diagnostics, taxonomy and categorization, contract and supplier analysis, tail-spend insights, and sourcing opportunity assessments.

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Tacto
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Tacto provides AI agents and procurement intelligence for industrial teams across supplier intelligence, spend and cost intelligence, RFQ sourcing, compliance, and supplier workflows.

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SAP Ariba
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SAP Ariba is SAP’s cloud-based procurement and spend management portfolio, supporting source-to-contract, procure-to-pay, supplier management, spend visibility, and collaboration across SAP Business Network.

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Based on shared category and overlapping use cases.