Finbite
Finbite is the largest e-invoice operator in the Baltic states, offering an AI-powered invoice management, digitization, and approval-workflow platform to 4,100+ SMBs, enterprises, and finance teams across Estonia, Latvia, and Lithuania as a subsidiary of Eesti Post.
- Company typePrivate
- Founded-
- HeadquartersTallinn, Estonia
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Finbite does
Finbite OÜ is a Tallinn-based e-invoicing and smart billing platform operating as the largest e-invoice operator in the Baltic region, with 11+ years of operating history. The company is a subsidiary of Eesti Post, the Estonian state-owned postal and logistics group. Finbite serves more than 4,100 companies across Estonia, Latvia, and Lithuania, with a customer mix spanning SMBs (including the free Bilnex sub-brand), large enterprises, finance departments, and accountants. Its core offering is an all-in-one invoice management platform covering purchase invoices, sales invoices, receipts, and a compliant digital archive, supplemented by automation modules: AI-powered document digitization with a 99% accuracy guarantee, multi-level approval workflows (invoice and document confirmation circles), expense reporting via a mobile app, automated reminders, and reporting dashboards. Distribution occurs through direct self-service signup, demo/consultation sales, pre-built integrations with every major Baltic accounting platform (Merit Aktiva, ERPLY, Directo, Excellent, Standard Books, Simplbooks, SmartAccounts, Scoro, Korto, Oixio Digital), direct bank-channel delivery to Swedbank, SEB, Luminor, Coop Pank, LHV and Bigbank, and a Peppol Access Point API enabling cross-border B2B invoicing under the EN 16931 / Peppol BIS 3.0 standard.
Revenue mechanics combine subscription tiers (free Starter up to 5 e-invoices/month, paid Lite and Premium), transaction-based operator fees for e-invoice routing, and managed services including consultation. Go-to-market is hybrid: product-led growth via freemium (Finbite Starter and Bilnex) layered with consultative enterprise sales and channel partnerships through accounting software vendors and bank rails. Headcount sits in the 11–50 band, and no external funding, M&A, or revenue is publicly disclosed; the company is positioned to benefit from EU regulatory momentum on mandatory e-invoicing but remains a sub-scale regional operator.
Finbite firmographics
Firmographics- Name
- Finbite
- Legal name
- Finbite OÜ
- Website
- https://finbite.eu
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Finbite is the largest e-invoice operator in the Baltic states, offering an AI-powered invoice management, digitization, and approval-workflow platform to 4,100+ SMBs, enterprises, and finance teams across Estonia, Latvia, and Lithuania as a subsidiary of Eesti Post.
- Ownership category
- akta.pro rank
Finbite industry classification
Industry- Product category
- E-invoicing Software
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Billing, Subscription & Revenue Management Infrastructure (FSAGABAM)
Keywords
Where Finbite is headquartered
LocationHeadquarters
- HQ city
- Tallinn
- HQ country
- Estonia
- HQ region
- Europe
Offices1 record
Markets served
Finbite business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Subscription Tiers: Multiple subscription tiers (Starter, Lite, Premium) with different feature sets and invoice volume limits. Starter is free with 5 invoices/month limit, paid tiers offer higher volumes and advanced features.
- E-invoice Operator Services: Core e-invoicing operator services for sending and receiving e-invoices through Peppol network and domestic channels
- Additional Services: Fees for additional services such as operator services, consultations, and premium features
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free tier for small businesses - up to 5 e-invoices per month |
| Subscription | Monthly | Entry-level paid tier with basic e-invoicing |
| Subscription | Monthly | Premium tier with advanced features |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels7 records
Finbite product offering
Product offeringCore offering
Finbite provides an all-in-one e-invoicing and smart billing software platform that enables businesses in the Baltic region to send, receive, digitize, approve, and archive invoices and expense reports, with direct Peppol network connectivity for cross-border e-invoice exchange. The platform is offered on a freemium subscription basis (Starter free, Lite, Premium) and includes a developer-facing Peppol API, a mobile expense reporting app, and a free sub-brand platform called Bilnex. As a Peppol Access Point and the largest e-invoice operator in the Baltics with 11+ years of experience, Finbite is a subsidiary of the state-owned Eesti Post group.
Product overview
Finbite is a comprehensive smart invoice management platform offering an all-in-one ecosystem for e-invoicing and financial document automation. The platform provides core invoice management through purchase invoices, sales invoices, receipts, and digital archive modules, supplemented by automation add-ons including invoice confirmation workflows, expense reports, AI-powered document digitization, and reporting. Finbite operates as the largest e-invoice operator in the Baltics with 11+ years of experience, facilitating Peppol network connectivity for international e-invoice exchange. The product family includes sub-brand Bilnex (free invoice platform), mobile app, and developer API (Peppol API). Integrations span major Baltic accounting software (Merit Aktiva, ERPLY, Directo, Excellent, Standard Books, Simplbooks) and multiple bank channels. Pricing tiers range from free Starter to Premium packages.
Differentiator
Problem solved
Functional benefit
Products and services
- Finbite Invoice Management Platform All-in-one smart invoice management platform providing e-invoicing, document digitization, approval workflows, and expense management for businesses across the Baltics.
- Purchase Invoices (Ostuarved) Automated purchase invoice receipt and management enabling machine-readable e-invoices to flow directly into ERP with 100% accuracy, eliminating manual data entry errors.
- Sales Invoices (Müügiarved) Sales invoice issuance in multiple formats (e-invoice, email, paper) with direct bank channel delivery for faster customer payment and improved cash flow.
- Receipts (Tšekid) Receipt digitization and management through mobile app, allowing employees to photograph receipts and submit expense reports instantly from their phones.
- Digital Archive (Arhiiv) Compliant digital document storage system with machine-readable searchable archive, enabling instant document retrieval by supplier name, invoice number, or date range.
- Operator Services (Operaatorteenused) Full-cycle e-invoice operator services as the largest e-invoice operator in the Baltics with 11+ years of experience, facilitating e-invoice exchange between businesses.
- Bilnex Free Invoice Platform Free invoice management platform launched by Finbite, providing accessible e-invoicing solutions for businesses at no cost, including free e-invoice sending for public and private sector recipients.
- Peppol API API for developers to integrate software platforms with the Peppol international e-invoice network, enabling cross-border e-invoice exchange compliant with EN 16931 standard.
- Finbite Finance Mobile App Mobile application for iOS and Android enabling remote expense reporting, invoice approvals, and document management from anywhere.
- Consultation (Konsultatsioon) Expert consultation services to help businesses find tailored invoice management solutions that optimize time and cost savings.
Quantifiable outcome
- Save ~30 minutes per invoice handling
- +5 more outcomes
Companies that use Finbite
Customer profileNamed customers17 records
Segments4 records
Ideal customer profiles5 records
Finbite technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration12 records
AI capability4 records
Feature6 records
Finbite partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core.
- BigbankcoreFinbite and Bigbank partnership enables companies to send e-invoices directly to Bigbank customers' internet banking. Customers can receive and pay invoices with one click or set up automatic payment orders.
- Merit AktivacorePre-built integration allowing seamless e-invoice exchange between Finbite and Merit Aktiva accounting software.
- ERPLYcorePre-built integration enabling ERPLY users to send and receive e-invoices through Finbite platform.
- DirectocoreIntegration with Directo accounting software for automated e-invoice processing.
- ExcellentcoreIntegration with Excellent accounting software for seamless e-invoice workflow.
- Standard BookscorePre-built integration with Standard Books accounting software.
- SimplbookscoreIntegration with Simplbooks cloud accounting software.
- Peppol NetworkcoreFinbite is a Peppol network member enabling international e-invoice exchange with partners across Europe and globally. Peppol BIS 3.0 format supported.
- Eesti Post (Omniva)coreFinbite is a subsidiary of Eesti Post group. As part of Eesti Post, Finbite aims to be the preferred partner for companies seeking to automate accounting processes.
Scale indicators14 records
Recent moves5 records
Expansion highlights6 records
Finbite competitors and assessment
Company assessmentDirect peers
- Basware: Basware is a Finland-headquartered leader in invoice automation, AP automation, and B2B e-invoicing with strong European reach. Finbite and Basware target overlapping finance/ERP buyer pain points (invoice handling, approval workflows, supplier onboarding), making Basware the most relevant scaled European peer.
- Storecove: Storecove is a Dutch e-invoicing Peppol Access Point and API provider serving exactly the same audience of accounting platforms, ERP vendors, and enterprises as Finbite's Peppol API. Their business model (API-first network operator for cross-border e-invoicing) is essentially identical to Finbite's developer-facing go-to-market.
- Billit: Billit is a Belgium-based e-invoicing and Peppol Access Point provider focused on SMBs and accountants — a near-perfect model for Finbite's Bilnex sub-brand and SMB Starter tier. Both compete for the same sub-segment of small businesses adopting e-invoicing via a freemium-style landing experience.
- Tungsten (formerly Kofax e-invoicing): Tungsten Network operates a global e-invoicing network for buyers and suppliers across multiple compliance regimes, mirroring Finbite's operator and network business. Comparable on cross-border compliance, network operations, and integration with accounting systems.
- OpusCapita (under LGR Global): OpusCapita provides e-invoicing, AP automation, and B2B payment services, primarily in the Nordics and Baltics — direct regional overlap with Finbite's home market. Both target the same CFOs and accounting partners in the broader Baltic and Nordic ecosystem.
- Tradeshift: Tradeshift is a global B2B e-invoicing and fintech platform connecting buyers and suppliers across networks — comparable in product scope (e-invoice, approval workflow, financing) and in targeting accounting/ERP integrations. The platforms share a similar logic of converting network participation into workflow stickiness.
- Medius: Medius is a European AP automation and invoice processing vendor with AI-based invoice capture and approval workflow — direct overlap with Finbite's AI digitization, Purchase Invoices, and Invoice Confirmation Circle modules. Operates in similar accounts (mid-market and enterprise CFOs) seeking to automate AP.
- TrustWeaver: TrustWeaver provides e-invoicing compliance and Peppol/CEN compliance services to AP/AR vendors — comparable to Finbite as an enabler for accounting platforms and ERP vendors needing compliant cross-border e-invoice exchange. Adjacent tier of the same value chain.
- Pagero (now Apex Global Treasury): Pagero is the largest global Peppol Access Point and e-invoice network operator — the most direct international analogue to Finbite. Both monetize Peppol connectivity and e-invoice operator services for cross-border B2B invoicing, making it the closest comparable for benchmarking scale, take-rate, and network leverage.
Broad incumbents
- Visma: Visma is a large Nordic and European software conglomerate offering accounting, ERP, and AP/invoicing capabilities — comparable as an incumbent vendor that bundles e-invoicing into broader finance suites. Several of Finbite's integration partners (Merit, Simplbooks, Standard Books) sit in adjacent Visma-adjacent territory, making Visma the most relevant broader incumbent.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Finbite social profiles
Digital presenceFinbite financial estimates
Financial estimateRevenue estimate
Valuation estimate
Finbite leadership team
Management profileNumber of profiles
Profiles1 record
Finbite funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Finbite 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 Finbite
What does Finbite do?
Finbite provides an all-in-one e-invoicing and smart billing software platform that enables businesses in the Baltic region to send, receive, digitize, approve, and archive invoices and expense reports, with direct Peppol network connectivity for cross-border e-invoice exchange. The platform is offered on a freemium subscription basis (Starter free, Lite, Premium) and includes a developer-facing Peppol API, a mobile expense reporting app, and a free sub-brand platform called Bilnex. As a Peppol Access Point and the largest e-invoice operator in the Baltics with 11+ years of experience, Finbite is a subsidiary of the state-owned Eesti Post group.
Is Finbite a public or private company?
Finbite is a private company. It is classified as state government owned and is currently operating.
When was Finbite founded?
Finbite was founded in -1. It employs 11 to 50 people.
Where is Finbite based?
Finbite is headquartered in Tallinn, Estonia, in the Europe region.
How does Finbite make money?
Three revenue lines are on record. Subscription Tiers are the primary driver. The others are E-invoice Operator Services and additional Services.
Who are Finbite's main competitors?
Direct peers on record are Basware, Storecove, Billit, Tungsten (formerly Kofax e-invoicing), OpusCapita (under LGR Global), Tradeshift, Medius, TrustWeaver and Pagero (now Apex Global Treasury). Visma is listed as a broad incumbent.
Does Finbite have an API?
Yes. Peppol API for developers - enables software platforms to connect to the international Peppol e-invoice network for sending and receiving cross-border e-invoices. Finbite acts as a Peppol Access Point, allowing integration of platforms to exchange e-invoices according to Peppol BIS Billing 3.0 standard, which is compliant with the European EN 16931 e-invoicing standard. Developer documentation is at finbite.eu/en/peppol-api.
What industry is Finbite in?
Finbite's product category is E-invoicing Software. Its primary akta.pro industry code is FSAGABAM, Billing, Subscription & Revenue Management Infrastructure. Its SIC code is 6199.