Finago

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Finago - overview

Established

2025

Location

Espoo, -, Finland

Primary Industry

Software

About

Based in Finland, Finago is a Nordic business software firm that specializes in financial management, human resources, and project operations, offering solutions that enhance organizational efficiency. Finago, founded in 2025, operates from its headquarters in Espoo, Finland, providing integrated software solutions for business management. The company focuses on a strategic pivot towards a fully integrated platform as seen in its recent alignment with Accountor Outsourcing and its subsidiaries. The founder has a history of significant contributions to enterprise software solutions, ensuring Finago is well-positioned in the Nordic market.


The company has engaged in one notable deal as of July 19, 2024, further solidifying its market position. Finago offers a suite of business software solutions designed to streamline various operational aspects for organizations, with a primary focus on financial management, human resources, and project operations. Their core products include Procountor, which facilitates accounting and financial reporting, Procountor Solo for small businesses, and Mepco for invoicing and payment processing. Additionally, they provide tools for managing payroll, hiring, and workforce management, enabling clients to optimize administrative tasks and enhance productivity.


Finago's services are tailored to meet the needs of a diverse client base across multiple sectors, including small to medium-sized enterprises and larger organizations, primarily operating in Finland, Sweden, and Norway. By automating administrative processes and integrating data across platforms, Finago empowers businesses to focus on strategic growth and people-centric initiatives. Finago generates revenue through a subscription-based model for its software solutions, catering primarily to B2B clients. Customers engage with the firm by subscribing to various software packages, which may include distinct pricing plans based on the features and services utilized.


For instance, clients may opt for Procountor or Procountor Solo based on their size and specific financial management needs, while Mepco targets businesses requiring streamlined invoicing and payment solutions. The transaction structure is designed to foster long-term partnerships, with ongoing support and updates provided to enhance user experience and software functionality. Finago's commitment to its clients is evident through its focus on delivering tailored solutions that evolve with the changing demands of the marketplace. Looking ahead, Finago is set to leverage its most recent deal dated July 19, 2024, to expand its market presence.


The company plans to introduce new products to enhance its offerings, with specifics on release dates to be determined as development progresses. Targeted expansions into additional Nordic markets are anticipated by the end of 2025, focusing on leveraging the brand's integration under the Finago name following recent acquisitions. The recent funding will be strategically utilized to bolster product development and market outreach efforts, ensuring Finago remains competitive and responsive to client needs.


Current Investors

Primary Industry

Software

Sub Industries

Financial Services, Accounting/Finance Software

Website

www.finago.com/

Verticals

Artificial Intelligence, FinTech

Total Amount Raised

Subscriber access only

Finago - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Public to Private, Trade SaleCompletedHeeros Oyj-
Add-on, Corporate Carve Out, Trade SaleAnnounced24SevenOffice Group AB’s ERP software division-
Company FormationCompletedFinago-
Add-on, Trade SaleCompletedAccountor Outsourcing-

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