Dicopay AB

Dicopay AB provides a mobile invoicing solution that streamlines billing for businesses, enabling efficiency in payment processing and invoice management through direct mobile access. Founded in 2017 in Stockholm, Sweden, Dicopay AB specializes in offering mobile invoicing services. The company raised SEK 42 million in funding from Schibsted Growth in March 2019. The CEO, Fredrik Krafft, has a background in business development, previously holding roles in various tech startups.

Dicopay has not undergone any significant pivots or changes in business operations since its inception. Dicopay offers a mobile invoicing solution designed to simplify the billing process for businesses. Users can generate invoices directly from their mobile devices upon customer approval, addressing challenges related to delayed payments and invoice management. The service caters to a diverse clientele, including freelancers, contractors, and small to medium-sized enterprises (SMEs) in the Nordic region, and focuses on enhancing efficiency in accounts receivable processes.

In 2023, Dicopay reported annual revenue of SEK 1. 1 mn. The company uses a transaction-based revenue model, generating income from invoice processing fees tied to its services. Clients utilize the platform for issuing invoices and receiving payments, enjoying flexible payment terms that enhance customer satisfaction.

Dicopay aims to expand its product offerings with upcoming features designed to enhance user experience, although specific release dates have not been disclosed. The company is also targeting new geographic markets for expansion, particularly outside the Nordic region, by 2024. The SEK 42 million raised in 2019 will support these growth initiatives, facilitating the development of new products and market entry strategies.