SpeedLedger
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SpeedLedger - overview
Established
2001
Location
Gothenburg, -, Sweden
Primary Industry
Software
About
SpeedLedger is a cloud-based accounting solutions provider specializing in automated bookkeeping for small businesses. Their software simplifies financial management, ensuring seamless transaction recording and compliance with tax obligations. Founded in 2001 in Gothenburg, Sweden, SpeedLedger offers automated bookkeeping services designed for small business owners. The company was acquired by E-conomic, a portfolio company of HgCapital, in October 2014.
The founder of SpeedLedger has a background in developing financial technology solutions. SpeedLedger has completed one notable deal as of October 6, 2014. SpeedLedger's core offerings include a comprehensive cloud-based accounting solution tailored for small businesses, providing automated bookkeeping software that integrates with users' bank accounts. The software facilitates transaction recording, invoicing, and financial reporting, while also streamlining processes like VAT reporting and annual financial statements.
Target clients include entrepreneurs in Sweden, Denmark, and Norway, with services designed to reduce the complexities of bookkeeping. In 2022, SpeedLedger generated revenue of USD 8. 77 mn, with an EBITDA amounting to USD 4. 13 mn.
The company operates on a subscription-based model with various pricing plans tailored to meet the needs of its clients, who manage up to 1,000 transactions annually. SpeedLedger is exploring opportunities to expand its market presence and enhance its product offerings. Although no specific new products or release dates have been disclosed, the firm aims to identify new geographic regions for expansion. The acquisition by E-conomic in October 2014 is anticipated to support these growth initiatives, leveraging shared resources and expertise for future developments.
Current Investors
E-Conomic International A/S
Primary Industry
Software
Sub Industries
Accounting Services, e-Financial, Accounting/Finance Software
Website
www.speedledger.se
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
SpeedLedger - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | SpeedLedger | - |
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