South Derry entrepreneur Henry Joseph-Grant to lead Saudi tech giant’s UK launch
Penny Software, a Saudi-based leader in AI procurement technology, has launched its UK expansion with a new office in Derby, under the leadership of Draperstown entrepreneur Henry Joseph-Grant.
Founded in 2020, Penny has quickly established itself as a premier B2B digital procurement solution, serving enterprises across more than 75 countries.
The platform digitises and optimises the full procurement lifecycle, from purchase requisitions, sourcing (RFQs, RFPs, supplier quotations), approvals, and purchase orders to invoicing, payments, and advanced spend analytics.
The new UK office will serve as a regional hub to support growing demand from UK, IE and European clients, accelerate local partnerships, and enhance service delivery for businesses seeking AI-powered procurement tools amid increasing economic, regulatory and efficiency pressures.
"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," said Henry Joseph-Grant, Head of Global Expansion at Penny.
"The European market represents a key opportunity with its mature procurement landscape, strong emphasis on digital transformation, and forward-thinking enterprises looking to drive cost savings and compliance. This new presence will allow us to provide closer support, foster local collaborations, and help UK, IE and European businesses unlock greater value from their procurement operations."
The new UK office will focus on customer success and strategic partnerships, building on Penny's recent successes (including partnerships with the likes of KPMG, McKinsey, Voltalia, MSC and many others) to fuel further international growth.
Mid-Market and Enterprise level companies across Europe can now benefit from localised compliance and expertise while accessing the same powerful, cloud-native platform trusted globally.
Penny's intuitive platform drives high user adoption across procurement, finance, departmental teams, with rapid deployment and is supplier friendly, enabling measurable ROI in weeks rather than months. It’s easy to integrate as a module alongside all major ERP and finance systems and it can replace clunky, expensive, incumbent procurement technology entirely.
Headquartered in Riyadh, Saudi Arabia, Penny empowers organisations worldwide to achieve superior spend control, operational efficiency, and strategic procurement value.
For more information, or to schedule a personalised demo, visit www.penny.co