Penny, an AI-driven digital procurement and source-to-pay AI technology company, is expanding its global footprint with the opening of a new office in the UK.

Founded in 2020, the Saudi firm now serves enterprises across more than 75 countries. Its new base is in Derby.

The platform digitises and optimises the full procurement lifecycle, from purchase requisitions, sourcing, approvals and purchase orders to invoicing, payments and advanced spend analytics.