What Mepco does

Mepco, operating as Finago HR Solutions Oy, is a Finnish workforce management software company founded in 1998 and headquartered in Finland. It provides a browser-based SaaS suite covering HR, payroll, time tracking, shift scheduling, and gig work management for the full employee lifecycle — from recruitment through onboarding, employment, performance, leave, payroll, and offboarding. The core architectural differentiator is a single unified database that eliminates separate HR/payroll integrations; data entered once flows automatically across modules. The platform includes intelligent algorithmic shift scheduling, GDPR-compliant data handling, electronic signatures, expense management, electronic payslips, archiving, and HR analytics aligned to the EU Pay Transparency Directive. Specialized variants exist for the public sector (Finago Mepco Public) and shift-intensive verticals such as HoReCa and retail (Finago Maraplan).

The product portfolio is sold primarily in Finland through a hybrid GTM: direct enterprise field sales and inside sales with demo-based outreach for mid-to-large organizations, supplemented by an accounting-firm channel partner program for SMBs. Revenue is generated via monthly SaaS subscriptions priced by number of active employment relationships, with optional add-on modules (e.g., intelligent scheduling, electronic signatures, recruitment, analytics) and one-time implementation/training services. Customers span enterprise, mid-market, and SMB across at least a dozen industries including energy, manufacturing, transportation, healthcare, childcare, and hospitality — with long-tenured accounts such as Bevenic (since 2008) and Kotkan Energia (since 2013) and a self-reported 96% customer support satisfaction rate. All products were rebranded under the Finago umbrella, positioning Mepco as part of a broader Finnish workplace software family alongside Finago Procountor financial management.

Name

Mepco

Legal name

Finago HR Solutions Oy

Website

https://mepco.fi

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

51–100 employees

Short description

Mepco (Finago HR Solutions Oy) is a Finnish SaaS provider of unified HR, payroll, time tracking, and shift scheduling software, serving Finnish enterprises, public sector, and SMBs (via accounting firm partners) with deep specialization in Finnish labor law and collective agreements.

Ownership category

akta.pro rank

Headquarters

HQ city

Espoo

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Subscription-based SaaS Licensing: Monthly subscription pricing based on the number of active employment relationships (not number of pay runs). Organizations pay a recurring monthly fee to access the cloud-hosted HR and payroll platform. The pricing is tiered based on organizational size and includes access to both HR and payroll modules.
2. Additional Value-Added Services: Additional modules and add-on services such as HR analytics, electronic signatures, recruitment management, expense reporting, and travel expense management can be added to the core subscription. These are available as extensions to the core HR and payroll system.
3. Implementation and Training Services: One-time implementation and onboarding services are provided for new customers, including system configuration, data migration, and training sessions. This represents a project-based professional services revenue component.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Finago Mepco sells a browser-based SaaS HR and payroll software suite covering the entire employee lifecycle from recruitment to offboarding. The core platform unifies payroll processing and human resources management in a single shared database, supported by specialized products for shift scheduling (Työvuorovelho, Maraplan), time tracking (Tuntivelho, Time), gig work management (Gigs), and a public-sector variant (Mepco Public). The company delivers these primarily to Finnish organizations of all sizes, with specialization in Finnish labor law, collective agreements, and the Finnish holiday year.

Product overview

Finago Mepco (formerly Mepco) is a comprehensive HR software family covering payroll processing, human resources management, shift scheduling, time tracking, gig work management, and public sector HR. The portfolio centers on the Finago Mepco core platform — a unified system where payroll and HR operate within a single shared database — supplemented by specialized products: Finago Työvuorovelho (cross-industry shift scheduling), Finago Maraplan (shift scheduling tailored for tourism, restaurant, and retail), Finago Tuntivelho and Finago Time (time tracking), Finago Gigs (gig/on-demand work management), and Finago Mepco Public (public sector variant). Add-on modules include expense management, electronic archiving, electronic payslips, electronic signatures, HR analytics, and recruitment. All products are delivered as browser-based SaaS and can be licensed à la carte or as an integrated suite.

Differentiator

Problem solved

Functional benefit

Brands

• Finago Mepco: Comprehensive HR and payroll software solution covering the entire employee lifecycle
• Finago Mepco HR
• Finago Mepco Public
• Finago Työvuorovelho
• Finago Maraplan
• Finago Tuntivelho
• Finago Time
• Finago Gigs
• Finago Mepco Analytiikka
• Finago Procountor

Products and services

• Finago Mepco Core comprehensive HR and payroll SaaS system covering the full employee lifecycle from onboarding to termination, with HR and payroll operating in a single unified database.
• Finago Mepco HR Dedicated human resources management module handling employee records, competency management, performance reviews, training and certification tracking, wellbeing programs, and employee self-service.
• Finago Työvuorovelho Browser-based shift scheduling software for social services, pharmacies, parishes, municipalities, IT services, transport, property services, and security, with intelligent optimization and direct integration to payroll.
• Finago Maraplan Shift scheduling software designed specifically for the tourism, restaurant, and retail industries, with browser and mobile access for managers and employees.
• Finago Tuntivelho Browser-based time tracking solution allowing employees to clock hours in real time via a physical time clock (Kellokortti) or enter them in an electronic timesheet from any location, with direct transfer to payroll.
• Finago Time Mobile-first work time tracking solution delivering time recording into a smartphone app for fast and effortless tracking anywhere, supporting diverse working hour models, leave management, and absences.
• Finago Gigs Gig work management application for publishing shifts to eligible workers who book them via a mobile app, with rapid shift filling, worker selection, and direct billing and payroll data export.
• Finago Mepco Public Payroll and HR product family tailored specifically for the Finnish public sector, customized for municipal employment relationships, complex organizational structures, and public service centers.
• Matka- ja kululaskut (Finago) Travel and expense management module for submitting and processing expense claims, integrated with the broader Finago Mepco payroll and HR suite.
• Sähköinen allekirjoitus Electronic signature module enabling digital signing of employment contracts and other HR documents, integrated with the Finago Mepco system.
• Analytiikka (Finago Mepco Analytiikka) HR analytics and reporting module providing KPI dashboards, real-time workforce metrics, and pay equity reporting aligned with the EU Pay Transparency Directive.
• Rekrytointi Recruitment management module covering job posting, applicant tracking, and onboarding workflows.

Quantifiable outcome

• Automation reduces manual work and errors in payroll processing
• +2 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration21 records

AI capability1 record

Feature6 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Procountor (Finago)coreTechnology or IntegrationFinago Procountor is the financial management solution within the same Finago product family. Several customers (e.g., Lucy in the Sky, Soupster Family restaurants) use Procountor for financial management alongside Mepco for HR and payroll. Data flows between systems for accounting and invoicing.
• Jyväskylä University of Applied Sciences (JAMK)minorStrategic or Co-development PartnerHetApu & Kangashoiva participated in JAMK's DigiKyky project where they explored solutions for gig work shift management, which led to their discovery and adoption of Finago Gigs.

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Visma: Major Nordic software conglomerate that owns Personec W, Fivaldi, and Visma Payroll — direct competitors in Finnish payroll/HR market, and Mepco has pre-built integrations to all three.
• Zalaris: Nordic payroll and HR outsourcing provider; integrated with Mepco Työvuorovelho for payroll data exchange and competes for managed payroll deals.
• Netvisor: Visma-owned Finnish accounting and payroll platform; Mepco has standardized salary item integration, but Netvisor competes for the same Finnish payroll/HR wallet share.
• Lemonsoft: Finnish ERP and payroll software vendor for SMBs; integrated with Mepco for shift-to-payroll data flow, competing for the same Finnish SMB payroll budget.
• Econet: Finnish payroll and HR software provider with bidirectional integration to Mepco; serves overlapping mid-market and public sector customers.
• Sympa HR: Finnish HR system provider serving mid-market and enterprise; listed as a Mepco integration partner (person data interface) but competes head-to-head for the same HR module spend.

Broad incumbents

• Ceridian / Dayforce: Global HCM and payroll platform with growing Nordic presence; competes for large-enterprise HR/payroll deals in Finland where Mepco Public operates.
• Workday: Global HCM platform with established integration to Mepco Työvuorovelho; competes in Finnish enterprise HCM deals and could erode Mepco's enterprise share over time.
• SD Worx: Large European HR and payroll services provider actively expanding in the Nordics; represents the kind of well-capitalized international rival that could localize Finnish compliance.

Others

• Procountor (Finago): Sister company within the Finago group providing financial management software; complementary rather than competitive, enabling cross-sell into the same Finnish customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

• Xx.com/mepcooy
• Facebookfacebook.com/mepcooy
• LinkedInlinkedin.com/company/accountorenterprise

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mepco