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Ageras Group

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uuid002p1nx

Namestring
Ageras Group
Websiteurl
ageras.group
Company typeenum
Private
Founded yearstring
-
Descriptiontext

Ageras Group is a privately-held Danish fintech company headquartered in Copenhagen that provides banking, accounting, and administrative software targeted at small and medium-sized enterprises (SMEs) across European markets. The platform strategy combines original Ageras offerings with acquired and integrated brands such as Shine (operating in the UK via shine.co and France via shine.fr), which delivers banking, accounting, and tax-filing solutions for SMEs, and is connected to Tellow (Netherlands-focused accounting) via domain-level integrations. The company's product surface spans banking connectivity, bookkeeping automation, and tax filing workflows, marketed primarily to owner-operated businesses and supported through partner networks that include accountants and bookkeepers.

Underlying technology is delivered as a multi-tenant SaaS platform, with supporting infrastructure evidenced by Cloudflare (content delivery and security), Intercom (customer support), Typeform (lead capture), HubSpot (marketing automation), Datadog (observability), and consent/compliance tooling (Didomi, Cookie Information) across its European properties. The business model is software-as-a-service for SME financial workflows, distributed through country-specific brands and partner channels rather than through a single global identity, with pricing details not publicly disclosed in the available source material.

Ageras Group raised €82 million in equity in 2024 and is positioning itself for a potential 2026 initial public offering, with the proceeds earmarked in part for one to two major acquisitions intended to consolidate the European SME fintech and accounting-software landscape. The company remains private, has no disclosed parent, and is led by co-founder and CEO Rico Andersen.

Short descriptiontext

Ageras Group is a Copenhagen-based fintech that provides banking, accounting, and tax-filing software to small and medium-sized enterprises across European markets, distributed via country-specific brands such as Shine (UK and France) and Tellow (Netherlands).

Operating statusenum
Operating
Ownership categoryenum
akta.pro rankint
HeadquartersCopenhagen, Denmark
HQ citystring
Copenhagen
HQ countrystring
Denmark
HQ regionstring
Europe
Markets served

Serves global market

Keyword5 values
small business banking, accounting software, tax filing solutions, spend management software, SME fintech platform
Industry1 code
1SME Credit Underwriting, Scoring & Risk Analytics
CodeFSAKAGALPrimaryYes
NAICS code1 code
  • Software Publishers5132
SIC code1 code
  • Finance Services6199
Product category
SME Financial Software
Social media profiles1 record
Cost components4 values
Technology or R&D, Personnel, Marketing or Sales, Operations
GTM typeB2B
B2B
Offering typeSoftware
Software
Core offering1 text field

Ageras Group is a Danish fintech company that provides integrated banking, accounting, and administrative software solutions targeted at small and medium-sized enterprises (SMEs). Through its Shine brand, the company delivers banking, accounting, and tax filing solutions for SMEs, consolidating financial operations into a single software platform.

Differentiator
Functional benefit
Problem solved
Product and service1 record
1Shine
Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
1Sage Group
TypeBroad incumbent
Description

Established UK-headquartered provider of accounting, payroll, and banking-adjacent software for SMBs. Directly comparable customer segment and bundled SaaS model, especially in European markets.

2Bokio
TypeEmerging player
Description

Swedish accounting and banking software for small businesses and freelancers. Comparable core product (accounting + banking) and Northern European SMB target market, though at smaller scale.

3Pennylane
TypeDirect peer
Description

French fintech offering an integrated accounting, banking, and financial management platform for SMBs and accountants. Closely comparable product surface, customer base, and European fintech positioning.

4Tide
TypeDirect peer
Description

UK-based digital banking and admin platform built specifically for small businesses. Comparable SMB-first fintech model that layers banking, accounting, and admin tools into a single platform.

5Wave Financial
TypeDirect peer
Description

Cloud-based accounting, invoicing, and payroll software targeting very small businesses. Comparable SMB-first accounting software model with integrated payments/banking functionality.

6Intuit QuickBooks
TypeBroad incumbent
Description

Dominant SMB accounting and banking software suite with deep US and growing European footprint. Comparable in offering an integrated banking, accounting, and tax solution for small businesses.

7Pleo
TypeDirect peer
Description

European SMB-focused spend management and corporate cards platform. Comparable as a fintech building a multi-product financial OS for small businesses, overlapping with Ageras' spend management positioning.

8Fortnox
TypeRegional player
Description

Swedish SMB-focused cloud platform for accounting, invoicing, and payroll. Comparable in targeting Nordic small businesses with an integrated financial software suite, with regional overlap to Ageras' Northern European footprint.

9Spendesk
TypeDirect peer
Description

European spend management platform for SMBs and mid-market, combining cards, expense management, and accounting integrations. Comparable fintech/SMB focus and software-led distribution model.

10Xero
TypeBroad incumbent
Description

Global cloud accounting platform targeting small businesses. Directly comparable as a SaaS-based SME accounting/banking software provider, but at a much larger scale and with broader geographic reach.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

Ageras Group

SME Financial Softwareageras.group

Ageras Group is a Copenhagen-based fintech that provides banking, accounting, and tax-filing software to small and medium-sized enterprises across European markets, distributed via country-specific brands such as Shine (UK and France) and Tellow (Netherlands).

What Ageras Group does

Ageras Group is a privately-held Danish fintech company headquartered in Copenhagen that provides banking, accounting, and administrative software targeted at small and medium-sized enterprises (SMEs) across European markets. The platform strategy combines original Ageras offerings with acquired and integrated brands such as Shine (operating in the UK via shine.co and France via shine.fr), which delivers banking, accounting, and tax-filing solutions for SMEs, and is connected to Tellow (Netherlands-focused accounting) via domain-level integrations. The company's product surface spans banking connectivity, bookkeeping automation, and tax filing workflows, marketed primarily to owner-operated businesses and supported through partner networks that include accountants and bookkeepers.

Underlying technology is delivered as a multi-tenant SaaS platform, with supporting infrastructure evidenced by Cloudflare (content delivery and security), Intercom (customer support), Typeform (lead capture), HubSpot (marketing automation), Datadog (observability), and consent/compliance tooling (Didomi, Cookie Information) across its European properties. The business model is software-as-a-service for SME financial workflows, distributed through country-specific brands and partner channels rather than through a single global identity, with pricing details not publicly disclosed in the available source material.

Ageras Group raised €82 million in equity in 2024 and is positioning itself for a potential 2026 initial public offering, with the proceeds earmarked in part for one to two major acquisitions intended to consolidate the European SME fintech and accounting-software landscape. The company remains private, has no disclosed parent, and is led by co-founder and CEO Rico Andersen.

Ageras Group firmographics

Firmographics
Name
Ageras Group
Website
https://ageras.group
Company type
Private
Operating status
Operating
Short description
Ageras Group is a Copenhagen-based fintech that provides banking, accounting, and tax-filing software to small and medium-sized enterprises across European markets, distributed via country-specific brands such as Shine (UK and France) and Tellow (Netherlands).
Ownership category
akta.pro rank

Ageras Group industry classification

Industry
Product category
SME Financial Software
NAICS
Software Publishers (5132)
SIC
Finance Services (6199)
akta.pro primary industry
SME Credit Underwriting, Scoring & Risk Analytics (FSAKAGAL)

Keywords

  • Small business banking
  • Accounting software
  • Tax filing solutions
  • Spend management software
  • SME fintech platform

Where Ageras Group is headquartered

Location

Headquarters

HQ city
Copenhagen
HQ country
Denmark
HQ region
Europe

Markets served

Ageras Group business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Technology or R&D, Personnel, Marketing or Sales, Operations

Ageras Group product offering

Product offering

Core offering

Ageras Group is a Danish fintech company that provides integrated banking, accounting, and administrative software solutions targeted at small and medium-sized enterprises (SMEs). Through its Shine brand, the company delivers banking, accounting, and tax filing solutions for SMEs, consolidating financial operations into a single software platform.

Differentiator

Problem solved

Functional benefit

Products and services

  • Shine

Companies that use Ageras Group

Customer profile

Ideal customer profiles1 record

Ageras Group technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Ageras Group partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Ageras Group competitors and assessment

Company assessment

Broad incumbents

  • Sage Group: Established UK-headquartered provider of accounting, payroll, and banking-adjacent software for SMBs. Directly comparable customer segment and bundled SaaS model, especially in European markets.
  • Intuit QuickBooks: Dominant SMB accounting and banking software suite with deep US and growing European footprint. Comparable in offering an integrated banking, accounting, and tax solution for small businesses.
  • Xero: Global cloud accounting platform targeting small businesses. Directly comparable as a SaaS-based SME accounting/banking software provider, but at a much larger scale and with broader geographic reach.

Emerging players

  • Bokio: Swedish accounting and banking software for small businesses and freelancers. Comparable core product (accounting + banking) and Northern European SMB target market, though at smaller scale.

Direct peers

  • Pennylane: French fintech offering an integrated accounting, banking, and financial management platform for SMBs and accountants. Closely comparable product surface, customer base, and European fintech positioning.
  • Tide: UK-based digital banking and admin platform built specifically for small businesses. Comparable SMB-first fintech model that layers banking, accounting, and admin tools into a single platform.
  • Wave Financial: Cloud-based accounting, invoicing, and payroll software targeting very small businesses. Comparable SMB-first accounting software model with integrated payments/banking functionality.
  • Pleo: European SMB-focused spend management and corporate cards platform. Comparable as a fintech building a multi-product financial OS for small businesses, overlapping with Ageras' spend management positioning.
  • Spendesk: European spend management platform for SMBs and mid-market, combining cards, expense management, and accounting integrations. Comparable fintech/SMB focus and software-led distribution model.

Regional players

  • Fortnox: Swedish SMB-focused cloud platform for accounting, invoicing, and payroll. Comparable in targeting Nordic small businesses with an integrated financial software suite, with regional overlap to Ageras' Northern European footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Ageras Group social profiles

Digital presence

Ageras Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Ageras Group leadership team

Management profile

Number of profiles

Profiles1 record

Ageras Group funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Ageras Group M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Ageras Group

What does Ageras Group do?

Ageras Group is a Danish fintech company that provides integrated banking, accounting, and administrative software solutions targeted at small and medium-sized enterprises (SMEs). Through its Shine brand, the company delivers banking, accounting, and tax filing solutions for SMEs, consolidating financial operations into a single software platform.

Is Ageras Group a public or private company?

Ageras Group is a private company. It is classified as venture growth investor backed and is currently operating.

When was Ageras Group founded?

Ageras Group was founded in -1.

Where is Ageras Group based?

Ageras Group is headquartered in Copenhagen, Denmark, in the Europe region.

Who are Ageras Group's main competitors?

Broad incumbents on record are Sage Group, Intuit QuickBooks and Xero. Bokio is listed as an emerging player. Direct peers are Pennylane, Tide, Wave Financial, Pleo and Spendesk. Fortnox is listed as a regional player.

Does Ageras Group have an API?

No public API is recorded for Ageras Group.

What industry is Ageras Group in?

Ageras Group's product category is SME Financial Software. Its primary akta.pro industry code is FSAKAGAL, SME Credit Underwriting, Scoring & Risk Analytics. Its NAICS code is 5132 and its SIC code is 6199.

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Live signals
CrowdFund InsiderDanish Fintech Startup Ageras Group Raises €35 million from CIBCDanish fintech startup Ageras Group has raised €35 million in growth capital financing from CIBC Innovation Banking. The funding is intended to accelerate Ageras' strategic acquisitions pipeline and expand its suite of software services for small businesses. This investment builds upon existing backing from investors such as Investcorp, Rabo Frontier Ventures, and Lugard Road Capital.The PaypersAgeras Group acquires KontistAgeras Group has acquired Kontist, a banking provider for the self-employed, as part of its buy-and-build strategy to create a comprehensive finance ecosystem in Europe and the US. The acquisition combines Ageras' accounting marketplace with Kontist's banking and tax solutions, allowing the merged entity to offer full-service administrative features. The Kontist brand and current management team will remain in place following the transaction.StartbaseAgeras takes over KontistThe Danish Ageras Group has acquired the Berlin-based fintech Kontist for an undisclosed amount in the double-digit millions, marking its second acquisition in seven days. This transaction is intended to expand Ageras' presence in Germany from a marketplace model to offering direct accounting and financial software services. The Kontist brand will continue to operate independently with its existing management team.Business InsiderCheck out the 12-slide pitch deck Ageras Group, an accountancy marketplace fintech, used to raise $34 million in fresh fundsAgeras Group, a Danish fintech marketplace connecting accountants with businesses, has raised $34 million in fresh funding from investors including Centripetal Capital and Roosgruppen. The company plans to use the capital to expand into payroll software and further develop its existing marketplace platform, which currently serves over one million users across Europe and the US. This investment comes as the startup faces increased pressure to demonstrate strong financial metrics amid a competitive ecosystem influenced by recent economic shifts.Business Wire BlogAgeras Group Raises $34M to Fuel Expansion of Its One-and-Done Financial Cockpit for Small BusinessesAgeras Group closed a €30M ($34M) funding round from European and American investors. The capital will fuel expansion of its financial cockpit for small businesses, which powers over 1M SMEs. The company plans to continue acquisitions in Scandinavia, Germany, France, and the U.S.CrowdFund InsiderDanish Fintech Ageras Group Raises $34 Million to Grow Financial Cockpit for SMEsAgeras Group, a Danish fintech firm, has raised $34 million from American and European investors to support its expansion of financial management tools for SMEs in Europe and the US. The company aims to grow its presence in Scandinavia, Germany, France, and the US, and plans to continue acquiring fintech startups.FinSMEsAgeras Group Raises $34M in FundingAgeras Group, a Denmark-based financial services software and accounting marketplace, closed a €30m ($34m) funding round with participation from new investors Centripetal Capital and Saeid Esmaeilzadeh alongside existing backers. The company plans to utilize the capital to accelerate its marketplace expansion and acquire other fintech software startups.tesi.fiFintech company Zervant acquired by Ageras GroupDanish Ageras Group has acquired Finnish fintech company Zervant, which provides cloud-based invoicing software for European micro businesses. This transaction follows Tesi's initial investment in 2018 and supports Zervant's continued global expansion, marked by a recent annual growth rate of 50%.PR NewswireAccountancy Software Platform Ageras Group Raises $73M to Expand Its Ecosystem Further Into B2B FintechAgeras Group, a B2B accountancy software platform and online marketplace for SMEs, has raised $73 million in funding from Lugard Road Capital to expand its fintech ecosystem. The company, which operates in six countries and serves over 340,000 business owners through a network of 5,000+ accounting professionals, will use the capital for global expansion, strategic acquisitions, and building banking services directly into its platform. With majority shareholder Investcorp Technology Partners continuing its support, Ageras aims to become a one-stop financial services platform for SMEs with an eventual IPO target.FinSMEsAgeras Group Raises €60M in FundingAgeras Group, a B2B accounting technology company, raised €60M in funding from Lugard Road Capital. The capital will support international growth and additional acquisitions. The company, also backed by Rabo Frontier Ventures, operates across six countries and offers SaaS accounting software.