Pagero AB
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Pagero AB - overview
Established
1990
Location
Gothenburg, -, Sweden
Primary Industry
Internet
About
Founded in 1990 by co-founders Björn Hovstadius and Jonas Edlund, and based in Gothenburg, Sweden, Pagero Group designs, develops, and sells a cloud-based network platform for e-order, e-invoice, e-payment, and other streamlined operations in a day-to-day business. In January 2024, Thomson Reuters Corporation acquired a 53. 81% majority stake, or 86. 72 million shares, in Pagero Group from Summa Equity for SEK 433.
6 million, or SEK 50 apiece. As of July 2024, the company is led by CEO Bengt Nilsson. The primary products offered by Pagero include solutions for e-invoicing, accounts payable (AP) automation, accounts receivable (AR) automation, and compliance management. These solutions help businesses transition from paper-based to digital processes, significantly reducing costs and increasing efficiency.
Pagero’s e-invoicing solution ensures compliance with local regulations in over 75 countries, supports connectivity to government e-document platforms, and provides access to the Peppol network. The AP automation solution enables companies to receive verified invoices directly into their systems, eliminating manual handling and reducing the cost per invoice. Similarly, the AR automation solution helps improve payment turnaround times by automating invoice validation and ensuring tax compliance.
Current Investors
Summa Equity
Primary Industry
Internet
Sub Industries
Data Centers, e-Financial, Accounting/Finance Software, Analytics & Performance Software
Website
www.pagero.com
Verticals
FinTech
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Pagero AB - timeline of key events
Pagero AB - financials
| Fiscal Year Ended | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 340,000 | 1,797,000 | 441,786,000 | - | - | - |
| % Revenue Growth (YoY) | - | 428.5% | 24484.6% | - | - | - |
| EBITDA (USD) | (1,914,000) | (707,000) | (14,621,000) | - | - | - |
| Operating Income (USD) | (1,914,000) | (707,000) | (131,032,000) | - | - | - |
| Operating Margin | (562.9%) | (39.3%) | (29.7%) | - | - | - |
| % EBITDA Margin | (562.9%) | (39.3%) | (3.3%) | - | - | - |
| NET Income (USD) | (1,917,000) | (720,000) | (158,424,000) | - | - | - |
| % Net Margin | (563.8%) | (40.1%) | (35.9%) | - | - | - |
Pagero AB - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Pagero AB | - | ||||||||
| IPO | Completed | Pagero AB | - | ||||||||
| Growth | Completed | Pagero AB | - |
Displaying 1 - 3 of 3
Pagero AB - employee data
Pagero AB - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Director of the Board | BM |
BM Board Member
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