Fennoa Oy
- Company typePrivate
- Founded2014
- HeadquartersHelsinki, Finland
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
Fennoa Oy firmographics
Firmographics- Name
- Fennoa Oy
- Legal name
- Fennoa Oy
- Website
- https://fennoa.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Fennoa Oy industry classification
Industry- Product category
- Accounting Software
- NAICS
- Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- General Ledger & Close (Journal Entries, Month-End Close, Reconciliations) (BPAAAGAC)
- akta.pro secondary industries
- Accounts Payable (Invoice Processing, 2/3-Way Match, Vendor Payments) (BPAAAGAA), Order-to-Cash (O2C) Operations (Order Admin, Credit, Invoicing, Collections Handoff) (BPAAAGAK)
Keywords
Where Fennoa Oy is headquartered
LocationHeadquarters
- HQ city
- Helsinki
- HQ country
- Finland
- HQ region
- Europe
Offices2 records
Markets served
Fennoa Oy business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Software Subscription via Accounting Firms: Fennoa distributes its software exclusively through partner accounting firms. Businesses access the platform by engaging a Fennoa partner accounting firm, which provides both the software and professional accounting services. The accounting firm bundles software costs into their service pricing to end customers. This B2B2C model creates a two-sided marketplace where Fennoa serves as the platform for accounting firm operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Bundled with accounting firm services |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels7 records
Fennoa Oy product offering
Product offeringCore offering
Fennoa Oy develops and sells a cloud-based financial management software platform that enables Finnish accounting firms to manage bookkeeping, sales and purchase invoicing, payroll, bank and payment connectivity, expense reporting, and digital financial statements for their business clients. The platform is distributed exclusively through a network of partner accounting firms (tilitoimistot) in Finland, creating a B2B2C model where the firm purchases the software license and bundles it with professional accounting services to end businesses.
Product overview
Fennoa is a cloud-based financial management software platform for accounting firms and businesses in Finland, offering a unified integrated suite. The core platform encompasses accounting (Kirjanpito), sales invoicing (Myyntilaskut), purchase invoicing (Ostolaskut), payroll processing (Palkanlaskenta), digital financial statements (Digitaaliset tilinpäätökset), bank and payment connectivity (Maksuliikenne), and expense management (Matka- ja kululaskut). Supporting modules include the Ohjaamo dashboard for accounting firm operations management, Fennoa Mobiili mobile app, and electronic signatures via Signicat. Pre-built integrations support data migration from major accounting software (Netvisor, Procountor, Tikon, Lemonsoft, Talenom, and others) and real-time e-invoice operator connectivity (Basware, Maventa, OpusCapita, Pagero, Posti, PEPPOL). In March 2026, Fennoa expanded into property management through the acquisition of Avaa Solutions Oy, adding Avaa.io, Avaa.work, and Avaa.app to its portfolio.
Differentiator
Problem solved
Functional benefit
Brands
- Avaa.io: Software for property managers (isännöitsijät) and housing companies (taloyhtiöt)
- Avaa.work
Products and services
- Kirjanpito (Accounting) Core accounting module with automatic postings, reconciliations, and real-time financial reporting. Supports dimensional accounting, VAT handling, and audit trails for Finnish accounting firms and their business clients.
- Myyntilaskut (Sales Invoicing) Sales invoice creation module supporting quotes, orders, recurring and scheduled invoices. Invoices are sent electronically and automatically posted to accounting, with full API support for Finvoice format, PDF generation, and payment recording.
- Ostolaskut (Purchase Invoicing) Purchase invoice processing module with automated interpretation, approval workflows, and real-time posting to accounting. Supports Finvoice data fetching, tagging, pre-booking, and multi-level approval processes.
- Palkanlaskenta (Payroll) Payroll processing module combining salary calculations, payment processing, and statutory reporting. Integrates with the Finnish Income Register (tulorekisteri) and automates payroll postings directly to accounting.
- Digitaaliset tilinpäätökset (Digital Financial Statements) End-to-end digital financial statement production module with electronic submission to PRH (Patentti- ja rekisterihallitus) and Finnish tax authorities. Includes digital signatures and audit support capabilities.
- Maksuliikenne ja pankki (Bank & Payments) Payment processing and bank connectivity module covering bill payment, bank statement receipt, and full cash flow management. Supports native integration with Nordea, OP-Pohjola, Danske Bank, and Handelsbanken without separate agreements.
- Matka- ja kululaskut (Expense Management) Employee expense and travel reporting module with receipt capture, approval workflows, payment integration, and automatic posting to accounting and the Finnish income register.
- Ohjaamo (Accounting Firm Dashboard) Real-time dashboard for accounting firms providing a comprehensive overview of client tasks, financial statement processes, statutory filings, notifications, and key deadlines across all clients in a single view.
- Fennoa Mobiili (Mobile App) Mobile application for iOS and Android enabling receipt capture, invoice approval and payment, travel expense claims, sales invoice creation, and payroll approvals for business clients and accountants on the go.
- Sähköiset allekirjoitukset (Electronic Signatures) Digital signature functionality for contracts, financial statements, and documents directly within the Fennoa platform using the Signicat electronic signature operator. All signed documents are stored in context within the platform.
- Avaa.io Property management software for housing companies (isännöitsijät) and property management firms, integrated with Fennoa financial management. Acquired via the Avaa Solutions Oy acquisition in March 2026.
- Avaa.work Field service management software for mobile work organizations, particularly maintenance companies (huoltoyhtiöt). Part of the Fennoa property management suite acquired via Avaa Solutions Oy in March 2026.
- Avaa.app Housing company management application for taloyhtiöt (housing cooperatives), available at avaa.io/webapp. Acquired via Avaa Solutions Oy in March 2026.
Quantifiable outcome
- Tasks that previously took four days can be completed in one day with Fennoa
- +2 more outcomes
Companies that use Fennoa Oy
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
Fennoa Oy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration27 records
AI capability3 records
Feature10 records
Fennoa Oy partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Avaa Solutions OycoreFennoa acquired Avaa Solutions Oy in March 2026 to strengthen its offering for the property management industry. Avaa.io provides property management software for property managers, and Avaa.work serves mobile workforce management. The acquisition integrates property-specific workflows with Fennoa's financial management capabilities.
- Upcloud OycorePrimary data center provider. All Fennoa customer data, databases, and servers are hosted on Upcloud's Finnish infrastructure, ensuring data sovereignty and compliance with Finnish data protection requirements.
- Hetzner Finland OyminorSecondary backup and disaster recovery data center location. Provides geographic separation of data for business continuity purposes.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Fennoa Oy competitors and assessment
Company assessmentDirect peers
- Netvisor (Visma): Netvisor is one of the most widely used Finnish cloud accounting and ERP platforms, serving SMBs and many accounting firms — directly competing with Fennoa for the same partner accounting-firm channel in Finland.
- Procountor (Visma): Procountor is a Finnish cloud-based accounting, payroll and invoicing platform serving both businesses and accounting firms, with overlapping modules (payroll, sales/purchase invoicing, financial statements) that closely mirror Fennoa's offering.
- Tikon: Tikon is an established Finnish accounting and payroll software suite used by accounting firms and SMBs, competing head-to-head with Fennoa in the tilitoimisto channel and on payroll/invoicing functionality.
- Lemonsoft: Lemonsoft is a Finnish financial management and ERP suite targeting SMBs and accounting firms, with comparable modules for bookkeeping, invoicing, payroll and financial statements.
- Talenom: Talenom is a Finnish accounting software and outsourced accounting services provider, operating a partner-accounting-firm model that overlaps directly with Fennoa's GTM motion and product footprint.
- Visma Fivaldi: Visma Fivaldi is a Finnish accounting, payroll and ERP platform under the Visma group, widely adopted among Finnish accounting firms and a direct competitor to Fennoa in the same partner channel.
- Merit Aktiva: Merit Aktiva is a Finnish accounting and invoicing software platform used by SMBs and accounting firms, competing directly with Fennoa on the same tilitoimisto and end-business segments.
- Briox: Briox is a cloud-based accounting and business system originating in Sweden and available in Finland, serving SMBs and accounting firms with bookkeeping, invoicing and payroll functionality comparable to Fennoa.
Broad incumbents
- Visma (corporate): Visma is a large Nordic business software group whose Finnish portfolio (Netvisor, Procountor, Fivaldi) competes directly with Fennoa across accounting, payroll and ERP — a much broader incumbent with greater R&D and distribution scale.
Regional players
- e-conomic (Visma): e-conomic is a Danish-origin cloud accounting platform (owned by Visma) operating in Finland with comparable bookkeeping, invoicing and partner-program offerings; comparable product set though historically Danish/Nordic in orientation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Fennoa Oy social profiles
Digital presenceFennoa Oy compliance and trust
Trust signalCompliance3 records
Fennoa Oy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fennoa Oy leadership team
Management profileNumber of profiles
Profiles2 records
Fennoa Oy subsidiaries and ownership
Company hierarchySubsidiaries1 record
Fennoa Oy funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fennoa Oy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fennoa Oy
What does Fennoa Oy do?
Fennoa Oy develops and sells a cloud-based financial management software platform that enables Finnish accounting firms to manage bookkeeping, sales and purchase invoicing, payroll, bank and payment connectivity, expense reporting, and digital financial statements for their business clients. The platform is distributed exclusively through a network of partner accounting firms (tilitoimistot) in Finland, creating a B2B2C model where the firm purchases the software license and bundles it with professional accounting services to end businesses.
Is Fennoa Oy a public or private company?
Fennoa Oy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Fennoa Oy founded?
Fennoa Oy was founded in 2014. It employs 1 to 10 people.
Where is Fennoa Oy based?
Fennoa Oy is headquartered in Helsinki, Finland, in the Europe region.
How does Fennoa Oy make money?
One revenue line is on record: software Subscription via Accounting Firms.
Who are Fennoa Oy's main competitors?
Direct peers on record are Netvisor (Visma), Procountor (Visma), Tikon, Lemonsoft, Talenom, Visma Fivaldi, Merit Aktiva and Briox. Visma (corporate) is listed as a broad incumbent. e-conomic (Visma) is listed as a regional player.
Does Fennoa Oy have an API?
Yes. Fennoa provides a REST-based API (v1) accessible via FORM DATA for integrating third-party applications. The API supports accounting, sales invoices, purchase invoices, customers, and dimensions endpoints. Key capabilities include creating/approving/sending sales invoices, fetching purchase invoice approval queues, adding accounting entries, and managing customer records. The API supports e-invoice operators (Finvoice, Peppol), VAT code handling for Finnish tax rates, multi-currency, and multi-language invoices. Rate limits include a queue buffer of max 100 requests/IP address and max 5 requests/second processing rate. Developer documentation is at tietopankki.fennoa.com/api-documentation.
What industry is Fennoa Oy in?
Fennoa Oy's product category is Accounting Software. Its primary akta.pro industry code is BPAAAGAC, General Ledger & Close (Journal Entries, Month-End Close, Reconciliations), with a secondary code of BPAAAGAA, Accounts Payable (Invoice Processing, 2/3-Way Match, Vendor Payments). Its NAICS code is 513210 and its SIC code is 7372.